Earnings Preview: Comcast and Denny’s Reports on Deck

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Comcast Corp (NASDAQ:CMCSA) will unveil its latest earnings on Wednesday, February 15, 2012. The average analyst estimate is for profit of 42 cents per share, a rise of 23.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 43 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $1.52 per share, a rise of 16% from last year.

Last quarter, the company missed estimates by 7 cents, coming in at profit of 33 cents per share versus a mean estimate of net income of 40 cents per share. In the second quarter, the company beat estimates by one cent. On average, analysts predict $14.87 billion in revenue this quarter, a rise of 53% from the year-ago quarter. Analysts are forecasting total revenue of $56.53 billion for the year, a rise of 49% from last year’s revenue of $37.94 billion.

Competitors to Watch: Time Warner Cable Inc. (NYSE:TWC), Cablevision Systems Corp. (NYSE:CVC), Time Warner Inc. (NYSE:TWX), The Walt Disney Company (NYSE:DIS), CBS Corporation (NYSE:CBS), Mediacom Communications Corp. (NASDAQ:MCCC), News Corporation (NASDAQ:NWSA), Liberty Global Inc. (NASDAQ:LBTYA), Charter Communications, Inc. (NASDAQ:CHTR), Netflix (NASDAQ:NFLX), TiVo (NASDAQ:TIVO), DirectTV (NASDAQ:DTV), Dish Network (NASDAQ:DISH) and Entravision Communication (NYSE:EVC).

Denny’s Corp (NASDAQ:DENN) will unveil its latest earnings on Wednesday, February 15, 2012. The average analyst estimate is for profit of 8 cents per share, no change from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 14.3% compared to last year’s 32 cents.

The company has fallen in line with estimates the last two quarters. In the third quarter, it reported net income of 10 cents per share and two quarters ago booked profit of 8 cents. Analysts are projecting a decline of 3.3% in revenue from the year-earlier quarter to $131.3 million.

Competitors to Watch: DineEquity, Inc. (NYSE:DIN), Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), Bob Evans Farms, Inc. (NASDAQ:BOBE), Biglari Holdings Inc (NYSE:BH), Chipotle (NYSE:CMG), McDonald’s (NYSE:MCD), O’Charley’s Inc. (NASDAQ:CHUX), Famous Dave’s of America, Inc. (NASDAQ:DAVE), Starbucks (NASDAQ:SBUX), Darden Restaurants (NYSE:DRI), Morton’s Restaurant Group, Inc. (NYSE:MRT), and Flanigan’s Enterprises, Inc. (AMEX:BDL).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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