Why Comcast (CMCSA) Dipped More Than Broader Market Today

Comcast (CMCSA) closed at $37.39 in the latest trading session, marking a -1.42% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.07%. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 1.19%.The cable provider's shares have seen a decrease of 12.18% over the last month, not keeping up with the Consumer Discretionary sector's loss of 1.28% and the S&P 500's loss of 0.36%.The investment community will be paying close attention to the earnings performance of Comcast in its upcoming release. The company is slated to reveal its earnings on January 30, 2025. The company's upcoming EPS is projected at $0.88, signifying a 4.76% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $31.64 billion, reflecting a 1.23% rise from the equivalent quarter last year.Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.25 per share and revenue of $123.46 billion. These totals would mark changes of +6.78% and +1.56%, respectively, from last year.Any recent changes to analyst estimates for Comcast should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.21% downward. Comcast is holding a Zacks Rank of #3 (Hold) right now.In terms of valuation, Comcast is currently trading at a Forward P/E ratio of 8.93. This indicates a discount in contrast to its industry's Forward P/E of 10.Investors should also note that CMCSA has a PEG ratio of 1.44 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Cable Television industry held an average PEG ratio of 0.74.The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 27% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow CMCSA in the coming trading sessions, be sure to utilize Zacks.com.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>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