Comcast Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Comcast Corp (NASDAQ:CMCSA) will unveil its latest earnings on Wednesday, November 2, 2011. Comcast provides cable and communications services to residential and commercial customers.

Comcast Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 40 cents per share, a rise of 25% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 21.4% versus last year to $1.59.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 42 cents a share versus the estimate of net income of 41 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 50.1% in revenue from the year-earlier quarter to $14.24 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the second quarter, profit rose 15.6% to $1.02 billion (37 cents a share) from $884 million (31 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 50.5% to $14.33 billion from $9.53 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 8.9% in the first quarter and 6.6% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 31.8% in the first quarter from the year earlier, climbed 5.9% in the fourth quarter of the last fiscal year from the year-ago quarter and 7.8% in the third quarter of the last fiscal year.

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 August 31, 2011 to October 27, 2011, the stock price had risen $3.20 (15%) from $21.39 to $24.59. 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% (+$1.05) 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% (-$1.63) over that span. Shares are up $3.03 (+14.1%) year to date.

(Source: Xignite Financials)

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