Comcast (CMCSA) Outpaces Stock Market Gains: What You Should Know

view original post

In the latest trading session, Comcast (CMCSA) closed at $50.74, marking a +0.81% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.64%. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.46%.Prior to today’s trading, shares of the cable provider had lost 2.8% over the past month. This has lagged the Consumer Discretionary sector’s gain of 1% and the S&P 500’s gain of 4.56% in that time.Comcast will be looking to display strength as it nears its next earnings release, which is expected to be January 27, 2022. In that report, analysts expect Comcast to post earnings of $0.74 per share. This would mark year-over-year growth of 32.14%. Our most recent consensus estimate is calling for quarterly revenue of $29.83 billion, up 7.65% from the year-ago period.Investors might also notice recent changes to analyst estimates for Comcast. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.21% higher. Comcast is currently a Zacks Rank #3 (Hold).Investors should also note Comcast’s current valuation metrics, including its Forward P/E ratio of 15.69. This valuation marks a discount compared to its industry’s average Forward P/E of 23.75.We can also see that CMCSA currently has a PEG ratio of 1.05. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. Cable Television stocks are, on average, holding a PEG ratio of 1.25 based on yesterday’s closing prices.The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 237, putting it in the bottom 8% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Comcast Corporation (CMCSA): Free Stock Analysis Report To read this article on Zacks.com click here.
Read more on “Zacks”