Comcast (Nasdaq: CMCSA ) is expected to report Q3 earnings on Oct. 26. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Comcast's revenues will grow 12.3% and EPS will increase 39.4%.
The average estimate for revenue is $16.11 billion. On the bottom line, the average EPS estimate is $0.46.
Last quarter, Comcast tallied revenue of $15.21 billion. GAAP reported sales were 6.1% higher than the prior-year quarter's $14.33 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.50. GAAP EPS of $0.50 for Q2 were 35% higher than the prior-year quarter's $0.37 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 41.4%, 20 basis points better than the prior-year quarter. Operating margin was 20.2%, 30 basis points worse than the prior-year quarter. Net margin was 8.9%, 180 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $62.05 billion. The average EPS estimate is $1.94.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 864 members out of 1,042 rating the stock outperform, and 178 members rating it underperform. Among 305 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 255 give Comcast a green thumbs-up, and 50 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Comcast is outperform, with an average price target of $34.36.