Comcast Corp Quarterly Earnings on Deck

S&P 500 (NYSE:SPY) component Comcast Corp (NASDAQ:CMCSA) will unveil its latest earnings on Wednesday, August 3, 2011. Comcast Corporation provides cable and communications services, offering a variety of entertainment and information to residential and commercial customers. Exclusive: Media Legend Larry Kramer Says Media Business is in a Gutenberg Moment>>

Comcast Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 41 cents per share, a rise of 24.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 39 cents. For the year, analysts are projecting profit of $1.60 per share, a rise of 22.1% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of 36 cents per share against a mean estimate of profit of 34 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $13.83 billion in revenue this quarter, a rise of 45.3% from the year ago quarter. Analysts are forecasting total revenue of $55.54 billion for the year, a rise of 46.4% from last year’s revenue of $37.94 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 31.8% to $12.13 billion in first quarter. The figure rose 5.9% in the fourth quarter of the last fiscal year from the year earlier, climbed 7.8% in the third quarter of the last fiscal year from the year-ago quarter and 6.6% in the second quarter of the last fiscal year.

While the company has been profitable for the last eight quarters, income has fallen year over year by an average of 0.3% over the past four quarters. The quarter hit the hardest was the second quarter of the last fiscal year, that saw an 8.6% drop.

Competitors to Watch: Time Warner Cable Inc. (NYSE:TWC), Cablevision Systems Corp. (NYSE:CVC), Time Warner Inc. (NYSE:TWX), The Walt Disney Company (NYSE:DIS), CBS Corporation (NYSE:CBS), Mediacom Communications Corp. (NASDAQ:MCCC), News Corporation (NASDAQ:NWSA), Liberty Global Inc. (NASDAQ:LBTYA), Charter Communications, Inc. (NASDAQ:CHTR), Netflix (NASDAQ:NFLX), TiVo (NASDAQ:TIVO), DirectTV (NASDAQ:DTV), Dish Network (NASDAQ:DISH) and Entravision Communication (NYSE:EVC).

Stock Price Performance: During May 3, 2011 to August 2, 2011, the stock price had fallen $3.76 (-14%) from $26.49 to $22.73. The stock price saw one of its best stretches over the last year between January 12, 2011 and January 24, 2011 when shares rose for eight-straight days, rising 4.7% (+$1.06) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 6.4% (-$1.64) over that span. Shares are up $.76 (+3.46%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>