Comcast Corp (NASDAQ: CMCSA) has reported E.P.S. of $1.01 for its second fiscal quarter (ending June 30) versus $1.02 for the same period a year ago — a decline of -1%. Relative to the consensus estimate of $1.12, this was a shortfall of $-0.11. For the latest four quarters through June 30, E.P.S. were $3.77 compared to $1.58 a year ago — an increase of 139%.
Recent Price Action
Comcast Corp (NASDAQ: CMCSA) stock closed at $38.51 on 7/23/24 after a decline of -2.6%. Moreover, unusually high trading volume at 164% of normal accompanied the decline. The stock has declined -1.1% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CMCSA is expected to continue to be a major Value Builder.
Comcast has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Comcast has a neutral Appreciation Score of 49 but a poor Power Rating of 19, with the Negative Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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