Comcast Corporation (NASDAQ:CMCSA) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 03, 2017. The stock lost about -49.2 percent in price since last results when it was at $73.44 a share. Based on the most relevant past-periods data, there is an 75 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 21 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 58.% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 4 times.
Here’s how traders responded to CMCSA earnings announcements over the past few quarters.
Comcast Corporation (CMCSA) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 1.25 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.44 which came in line with the consensus $0.44 projection (no surprise). For the quarter, revenue came in at 21.03B versus consensus estimate of 20.67B. The stock gained 2.81 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On October 26, 2016, it reported earnings at $0.46 a share compared with the consensus estimate of $0.46 per share (negative surprise of 0%). Revenue of 21.32B for that quarter was above the $21.16B analysts had expected. The stock retreated -3.03% the day following the earnings announcement, and on 7th day price change was -4.75%.
On July 27, 2016, it recorded $0.41 a share in earnings which missed the consensus estimate of $0.41 (negative surprise of 0%). Revenue for the quarter was $19.27B while analysts called for revenues to be $18.99B. The stock gained 1.1% the day following the earnings data was made public, and on 7th day price change was -0.42%.
On April 27, 2016, it announced earnings per share at $0.42 versus the consensus estimate of $0.4 per share (positive surprise of 5%). That came on revenues of $18.79B for that period. Analysts had expected $18.64B in revenue.
Comcast Corporation Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.43. The analysts’ present consensus range is $0.41-$0.46 for EPS. The market consensus range for revenue is between $19.62B and $20.4B, with an average of $20B.
Comcast Corporation (NASDAQ:CMCSA) last ended at $37.3, sending the company’s market cap near $176.88B. The consensus 12-month price target from analysts covering the stock is $41.87. The share price has declined -2.95% from its top level in 52 weeks and dropped 8.04% this year. It recently traded in a range of $37.14-$37.49 at a volume of 9856826 shares. The recent trading ended with the price nearly -0.37 lower for the last 5 trading days, rebounding 29.66% from its 52-week low.