The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Comcast met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and GAAP earnings per share improved significantly.
Margins contracted across the board.
Comcast tallied revenue of $15.04 billion. The 24 analysts polled by S&P Capital IQ anticipated a top line of $14.92 billion on the same basis. GAAP reported sales were 55% higher than the prior-year quarter's $9.72 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.47. The 22 earnings estimates compiled by S&P Capital IQ anticipated $0.42 per share. GAAP EPS of $0.47 for Q4 were 31% higher than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 11.9%, 900 basis points worse than the prior-year quarter. Operating margin was 19.8%, 260 basis points worse than the prior-year quarter. Net margin was 8.6%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $14.45 billion. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $61.28 billion. The average EPS estimate is $1.87.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Comcast is outperform, with an average price target of $30.62.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.