Comcast (CMCSA) Stock Moves -0.83%: What You Should Know

Comcast (CMCSA) closed at $37.18 in the latest trading session, marking a -0.83% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 1.11%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, lost 1.89%.The the stock of cable provider has fallen by 3.99% in the past month, leading the Consumer Discretionary sector's loss of 5.46% and undershooting the S&P 500's loss of 1.7%.Market participants will be closely following the financial results of Comcast in its upcoming release. The company plans to announce its earnings on January 30, 2025. The company is expected to report EPS of $0.88, up 4.76% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $31.64 billion, indicating a 1.23% growth compared to the corresponding quarter of the prior year.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Comcast. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.62% lower within the past month. Currently, Comcast is carrying a Zacks Rank of #3 (Hold).Investors should also note Comcast's current valuation metrics, including its Forward P/E ratio of 8.49. For comparison, its industry has an average Forward P/E of 8.84, which means Comcast is trading at a discount to the group.We can additionally observe that CMCSA currently boasts a PEG ratio of 1.37. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Cable Television stocks are, on average, holding a PEG ratio of 0.71 based on yesterday's closing prices.The Cable Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 164, finds itself in the bottom 35% echelons of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Comcast Corporation (CMCSA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks