Comcast (CMCSA,$58.83) crushed Q2 earnings expectations
Comcast posted second-quarter earnings that exceeded analysts’ expectations. The telecom giant also reported a record-high figure for new broadband subscribers for the quarter.
The company’s adjusted earnings for the quarter came in at 84 cents, compared to the 67 cents expected by analysts polled by Refinitiv.
Revenue of $28.55 billion also beat the $27.18 billion expected by analysts per the Refinitiv survey.
Comcast garnered 354,000 net new high-speed internet customers, vs. 270,000 net adds expected in a StreetAccount survey. The net adds were its highest ever for a second-quarter performance, according to the company.
Revenue from Comcast’s cable revenue business rose +10.9% year-over-year to $16 billion.
Media business increased +25.7% to $5.1 billion. NBCUniversal revenue increased +39.2% year-over-year to $8 billion.
Studios revenue increased +8.4% year-over-year to $2.2 billion.
Revenue from Theme parks was $1.1 billion, gaining $958 million.
CMCSA in downward trend: 10-day moving average broke below 50-day moving average on April 27, 2022
The 10-day Moving Average for CMCSA crossed bearishly below the 50-day moving average on April 27, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 67%.
Current price $41.87 crossed the support line at $40.31 and is trading between $46.03 resistance and $40.31 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -13% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +5% Uptrend.
The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.
CMCSA moved below its 50-day Moving Average on April 22, 2022 date and that indicates a change from an upward trend to a downward trend.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 49%.
The Aroon Indicator for CMCSA entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CMCSA's RSI Indicator exited the oversold zone, 8 of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 42%.
The Momentum Indicator moved above the 0 level on May 13, 2022. You may want to consider a long position or call options on CMCSA as a result. In 58 of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 58%.
The Moving Average Convergence Divergence (MACD) for CMCSA just turned positive on May 16, 2022. Looking at past instances where CMCSA's MACD turned positive, the stock continued to rise in 29 of 51 cases over the following month. The odds of a continued upward trend are 57%.
Following a +1.16% 3-day Advance, the price is estimated to grow further. Considering data from situations where CMCSA advanced for three days, in 174 of 325 cases, the price rose further within the following month. The odds of a continued upward trend are 54%.
CMCSA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 63%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.85.
The Tickeron PE Growth Rating for this company is 68 (best 1 - 100 worst), pointing to slightly better than average 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 Price Growth Rating for this company is 63 (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 63 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock slightly better than average.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued 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 36 (best 1 - 100 worst), indicating strong sales and a profitable 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.
The Tickeron Valuation Rating of 15 (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (1.962) is normal, around the industry mean (4.950). P/E Ratio (13.333) is within average values for comparable stocks, (37.715). Projected Growth (PEG Ratio) (0.865) is also within normal values, averaging (2.471). Dividend Yield (0.025) settles around the average of (0.043) among similar stocks. P/S Ratio (1.597) is also within normal values, averaging (134.101).
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
The average market capitalization across the Movies/Entertainment Industry is 7.1B. The market cap for tickers in the group ranges from 1.4K to 195.5B. DIS holds the highest valuation in this group at 195.5B. The lowest valued company is GTOR at 1.4K.
The average weekly price growth across all stocks in the Movies/Entertainment Industry was -1.46%. For the same Industry, the average monthly price growth was -11.6%, and the average quarterly price growth was 9.5%. HMTV experienced the highest price growth at 72.94%, while GOAI experienced the biggest fall at -48%.
- 4/27/22 5:34 AM: Comcast (CMCSA, $44.57) was a top loser this week, declining -7.36%
- 2/24/22 5:55 AM: Comcast (CMCSA, $45.13) was a top loser this week, declining -6.16%
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was 1.09%. For the same stocks of the Industry, the average monthly volume growth was 20.8% and the average quarterly volume growth was 56.64%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the RSI Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 3.90% within the next month with a likelihood of 56%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.64.
9 stocks in the group of tickers confirmed the positive outlook based on the Stochastic indicator with average odds of 68%.
The most notable companies in this group are Walt Disney Company (The) (NYSE:DIS), Comcast Corp (NASDAQ:CMCSA).
The average market capitalization across the group is 29.9B. The market cap for tickers in the group ranges from 0 to 195.5B. DIS holds the highest valuation in this group at 195.5B. The lowest valued company is CCZ at 0.
The average weekly price growth across all stocks in the group was 2.29%. For the same group, the average monthly price growth was -14.1%, and the average quarterly price growth was -24.47%. CRGE experienced the highest price growth at 34.69%, while ICABY experienced the biggest fall at -30.5%.
- 5/10/22 5:36 AM: Charge Enterprises (CRGE, $3.43) was a top loser this week, declining -47.39%. Expect a Downtrend reversal
- 5/7/22 5:28 AM: Altice USA (ATUS, $10.22) was a top weekly gainer, with a +10.13% jump
- 5/7/22 5:28 AM: Charter Communications (CHTR, $459.77) was a top weekly gainer, with a +7.3% jump
The average weekly volume growth across all stocks in the group was -51.12%. For the same stocks of the group, the average monthly volume growth was -13.03% and the average quarterly volume growth was 160.17%
- 3/2/22 8:04 AM: The volume for AMC Networks stock increased for one day, resulting in a record-breaking daily growth of 267% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows