Comcast (NASDAQ: CMCSA) saw its stock price fall in 2018 despite putting up relatively strong numbers. That probably happened because of fears that cord cutting would eventually cause problems in the company's core cable business. The company has lost about 340,000 cable customers through three quarters.
Full Answer
Why did Comcast's stock fall even though its financials beat Wall Street expectations?
So why did Comcast's stock fall even though its financials beat Wall Street expectations? I think there are two reasons. First, high-speed internet customer additions came in at 262 thousand for the quarter, or 180 thousand excluding free subscribers.
Who's to blame for Comcast's stock crash?
Don't look now, but shares of cable TV and internet-giant Comcast Corporation ( NASDAQ:CMCSA) just shorted out, crashing 5.4% through 11:15 a.m. EDT -- and it has only itself to blame. More precisely, it has CFO Michael Cavanagh to blame.
Will Comcast's Q3 earnings be negative?
That suggests the "negative" could actually be anything but "modest" when Comcast's Q3 results roll out at the end of October. Analysts are looking for about a 15% increase in Comcast's profits for this Q3, currently underway, but if net additions continue to trend as much as 25% below expectations, that earnings projection could be in jeopardy.
Will Comcast's net adds trend in line for third quarter 2019?
Speaking at an investor conference this morning, Cavanagh revealed that Comcast is looking to "trend in line for third quarter net adds with historical averages for third quarter, but ... be behind the third quarter 2019, which was a record third quarter," reports TheFly.com today.
Why Comcast shares are falling?
Shares of Comcast fell as much as 8% in morning trading as the Philadelphia-based media giant reported a slowdown in new subscribers for its broadband internet service, among the company's biggest businesses.
Is Comcast a good stock to buy?
Per share CMCSA boasts an average earnings surprise of 13.6%. With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding CMCSA to their portfolios. To read this article on Zacks.com click here.
Is Comcast a buy hold or sell?
A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80)....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is Comcast in financial trouble?
Comcast's net debt outstanding was about $83 billion at the end of 2021, or 2.4 times adjusted Ebitda. “The company signaled a rather perfunctory buyback appetite by repurchasing just $2 billion of stock,” wrote Bernstein analyst Peter Supino on Thursday.
What is the future of Comcast stock?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for Comcast Corp have a median target of 54.50, with a high estimate of 70.00 and a low estimate of 40.00. The median estimate represents a +24.43% increase from the last price of 43.80.
What is the future of Comcast?
Comcast CEO says it plans to get more aggressive on broadband expansion this year. Comcast CEO Brian Roberts revealed the operator will step up efforts to grow its broadband coverage in 2022, as it posted a year-over-year slowdown in net additions in Q4 2021.
How is Comcast doing financially?
Net Income Attributable to Comcast increased 99.8% to $4.0 billion . Adjusted Net Income increased 34.6% to $4.0 billion . Adjusted EBITDA increased 18.1% to $9.0 billion . For the nine months ended September 30, 2021 , revenue increased 13.4% to $86.0 billion compared to 2020.
Is Comcast a sell?
Comcast has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 14 buy ratings, 8 hold ratings, and 1 sell rating.
Who owns Comcast cable company?
ComcastXfinity / Parent organizationComcast Corporation is an American multinational telecommunications conglomerate headquartered in Philadelphia, Pennsylvania. Wikipedia
Is Comcast stock undervalued?
We are leaving our fair value estimate at $60 and believe the stock is highly undervalued. Comcast added 262,000 net broadband customers during the quarter (about 180,000 excluding customers migrated from pandemic-related offers), down from 461,000 a year ago.
Is Comcast a good dividend stock?
After the sell-off, Comcast stock now trades for a meager 11.6 times trailing 12-month free cash flow, pays a 2.7% dividend yield, and frequently repurchases stock as an added bonus. If steady growth and investment income are what you desire, Comcast shares are on sale right now.
How much profit did Comcast make in 2021?
$42.316BComcast annual gross profit for 2021 was $42.316B, a 13.34% increase from 2020. Comcast annual gross profit for 2020 was $37.334B, a 10.46% decline from 2019. Comcast annual gross profit for 2019 was $41.695B, a 13.55% increase from 2018.
What happened
The results are in, the medals have been awarded -- and Comcast ( CMCSA -4.04% ) isn't in the winner's circle today.
So what
Eight years ago, NBC bid $7.75 billion to win the rights to broadcast all Olympic games in the U.S. through 2032, but that bet hasn't been paying off for Comcast lately.
Now what
And to extend this story even further, the Journal notes that the 2018 Pyeongchang games, in turn, were also the worst-rated games ever up till that point. That's at least three Olympics in a row in which -- in a world where the global population only goes up -- the number of people watching the Olympics only went down.
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Fourth-quarter earnings arrive next month, and the news doesn't look great
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Comcast ( NASDAQ:CMCSA) turned "red" on a "green" day for the stock market -- and Comcast has only itself to blame for it.
So what
In a business update revealed at UBS' investor conference today, Comcast CEO Brian Roberts advised that the company will be looking at just 7% to 8% growth in earnings before interest, taxes, depreciation, and amortization ( EBITDA) when it reports earnings next month, according to StreetInsider.com.
Now what
Additionally, Comcast's CEO noted that the company expects to end the fiscal year with 1.3 million net broadband customer additions. On the face of it, that sounds positive -- but let's put that number in context.
What happened
Don't look now, but shares of cable TV and internet-giant Comcast Corporation ( CMCSA 2.30% ) just shorted out, crashing 5.4% through 11:15 a.m. EDT -- and it has only itself to blame.
So what
Speaking at an investor conference this morning, Cavanagh revealed that Comcast is looking to "trend in line for third quarter net adds with historical averages for third quarter, but ... be behind the third quarter 2019, which was a record third quarter," reports TheFly.com today.
The company has a lot of strengths, but one glaring weakness keeps me away
Daniel B. Kline is an accomplished writer and editor who has worked for Microsoft on its Finance app and The Boston Globe, where he wrote for the paper and ran the Boston.com business desk. His latest book, "Worst Ideas Ever," (Skyhorse) can be purchased at bookstores everywhere. Follow @tworstideas
Comcast is not well-liked
While NBC, Universal Studios, and other Comcast brands are popular, the cable/internet part of the company is not well-liked. In fact, in the recent American Customer Satisfaction Index's (ACSI) 2018 telecommunications report, Comcast ranked well below the industry average in cable and somewhat below as an internet service provider (ISP).
Customers deserve better
I believe that Comcast wants to offer better customer service. After a series of scandals, the company began revamping its customer service efforts in 2015. The fact that the cable giant saw its ACSI score drop on the latest report suggests that those efforts have failed.
