Comcast Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Comcast Corp (NASDAQ:CMCSA) will unveil its latest earnings on Wednesday, May 2, 2012. Comcast provides cable and communications services to residential and commercial customers.

Comcast Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 43 cents per share, a rise of 19.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 42 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting profit of $1.88 per share, a rise of 19% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 47 cents per share against a mean estimate of profit of 42 cents per share. In the third quarter of the last fiscal year, it missed forecasts by 7 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 19% in revenue from the year-earlier quarter to $14.44 billion.

Analyst Ratings: Analysts are bullish on this stock, with 16 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 26.4% to $1.29 billion (47 cents a share) from $1.02 billion (36 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 54.7% to $15.04 billion from $9.72 billion.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 47% over the last four quarters.

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 15.6% in the second quarter of the last fiscal year and 4.7% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

Stock Price Performance: Between January 31, 2012 and April 26, 2012, the stock price rose $3.80 (14.4%), from $26.44 to $30.24. The stock price saw one of its best stretches over the last year between January 24, 2012 and February 1, 2012, when shares rose for seven straight days, increasing 3.8% (+98 cents) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight days, dropping 6.4% (-$1.61) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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