Comcast (CMCSA, $49.72) tops Q4 earnings expectations
Comcast posted its fourth quarter earnings that surpassed analysts’ expectations, even as it missed estimates on high-speed internet additions.
The telecom giant’s adjusted earnings came in at 77 cents, topping the 73 cents expected by analysts polled by Refinitiv.
Revenue of $30.34 billion also exceeded the $29.61 billion estimated.
The company’s net additions of high-speed internet customers is 212,000, vs. 220,000 estimated by analysts polled by FactSet.
Comcast’s Cable Communications division revenue was $16.41 billion in the quarter, up +4.5% year-over-year. Media raked in $5.83 billion in revenue, up +8.4%. Studios revenue rose +36.4% to $2.42 billion, while Theme Parks revenue increased +191.3% to $1.89 billion. Sky generated a revenue of $5.08 billion, down -2.5%.
NBCUniversal’s ad-supported streaming platform, Peacock, had 24.5 million monthly active accounts as of year-end 2021. Within those 24.5 million, more than 9 million are paid subscribers, approaching $10 in paid average revenue per user including advertising – as indicated by CEO Brian Roberts.
CFO Michael Cavanagh mentioned that Peacock would breakeven later than initially anticipated. Nevertheless, he said that strength in theme parks would mean it can be funded by NBCUniversal cash flows. Cavanagh also cautioned that notwithstanding an expected growth in revenue, they forecast an EBITDA loss of -$2.5 billion in 2022 and doubling content spend to over $3 billion.
CMCSA sees MACD Histogram crosses below signal line
CMCSA saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on May 23, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for CMCSA moved out of overbought territory on May 03, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on May 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CMCSA as a result. In of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CMCSA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CMCSA broke above its upper Bollinger Band on April 27, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
CMCSA moved above its 50-day moving average on April 27, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CMCSA advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 291 cases where CMCSA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.990) is normal, around the industry mean (5.675). P/E Ratio (29.326) is within average values for comparable stocks, (133.795). Projected Growth (PEG Ratio) (0.797) is also within normal values, averaging (10.009). Dividend Yield (0.028) settles around the average of (0.110) among similar stocks. P/S Ratio (1.424) is also within normal values, averaging (65.412).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CMCSA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of entertainment, information and communications products and services
Industry WirelessTelecommunications
CMCSA and
Correlation & Price change
A.I.dvisor indicates that over the last year, CMCSA has been closely correlated with LBRDK. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if CMCSA jumps, then LBRDK could also see price increases.
| Ticker / NAME | Correlation To CMCSA | 1D Price Change % | ||
|---|---|---|---|---|
| CMCSA | 100% | -0.79% | ||
| LBRDK - CMCSA | 79% Closely correlated | +0.74% | ||
| LBRDA - CMCSA | 79% Closely correlated | +0.80% | ||
| CHTR - CMCSA | 78% Closely correlated | +0.57% | ||
| DISH - CMCSA | 59% Loosely correlated | -2.33% | ||
| LBTYK - CMCSA | 59% Loosely correlated | -1.18% | ||
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