U.S. Markets close in 10 mins

Comcast (CMCSA) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research

Comcast (CMCSA) closed the most recent trading day at $46.43, moving +1.99% from the previous trading session. This change outpaced the S&P 500's 1.3% gain on the day. At the same time, the Dow added 1.41%, and the tech-heavy Nasdaq gained 1.75%.

Prior to today's trading, shares of the cable provider had gained 9.08% over the past month. This has outpaced the Consumer Discretionary sector's loss of 0.24% and the S&P 500's gain of 0.46% in that time.

Investors will be hoping for strength from CMCSA as it approaches its next earnings release. In that report, analysts expect CMCSA to post earnings of $0.77 per share. This would mark year-over-year growth of 18.46%. Our most recent consensus estimate is calling for quarterly revenue of $27.51 billion, up 24.27% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.10 per share and revenue of $110.19 billion. These totals would mark changes of +21.57% and +16.59%, respectively, from last year.

Any recent changes to analyst estimates for CMCSA should also be noted by investors. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.43% higher within the past month. CMCSA is currently a Zacks Rank #3 (Hold).

Looking at its valuation, CMCSA is holding a Forward P/E ratio of 14.7. This valuation marks a discount compared to its industry's average Forward P/E of 17.78.

Meanwhile, CMCSA's PEG ratio is currently 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CMCSA's industry had an average PEG ratio of 2.21 as of yesterday's close.

The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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 Report
To read this article on Zacks.com click here.