Buy Comcast Now Before Everyone Else Does (CMCSA)

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I know that value investors feel a bit of frustration right now.

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Charlie Bilello

What with this correction so far seeing a peak 12.4% decline and now the market appears to be ripping higher again.

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YCharts

The market is now just 7% from its highs and tech stocks are, at least for the moment, screaming higher.

Does this mean the “buy the dip” crowd has won? It depends on your time frame.

  • in the long-term buy the dip is always a good idea
  • because stocks always go up if your time frame is long enough

In 2022 it’s possible that we’ll still see a 15% or even 20% correction, though it might not happen in the first half of the year.

But guess what? Amazing dividend growth blue-chips like Comcast (CMCSA) are still in a bear market and NOT screaming higher… yet.

Remember that it’s always

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Comcast (CMCSA) Focuses on Broadband Business, Launches Gateway

Comcast CMCSA is benefiting from robust growth in its broadband subscriber base and strong momentum in the wireless business.

The strategy to provide high-speed internet at an affordable price is anticipated to play a pivotal role in providing connectivity and enhancing customer experience.

Comcast recently announced the launch of its next-generation xFi Advanced gateway that incorporates WiFi 6E in the United States.

The new gateway will offer customers an enhanced broadband experience with a faster and more reliable wireless connection.

The device has three WiFi bands — 2.4 GHz, 5GHz and 6GHz — which will reduce interference and increase bandwidth three times in the home to support the massive influx of connected devices used by consumers.

Comcast Corporation Price and Consensus

 

Comcast Corporation Price and Consensus

Comcast Corporation price-consensus-chart | Comcast Corporation Quote

 

Broadband Services to Drive the Top Line

The coronavirus has been a tailwind to Comcast’s broadband business. The company delivers broadband services

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Comcast (CMCSA) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Comcast (CMCSA) closed at $50.19, marking a -1.08% move from the previous day. This change lagged the S&P 500’s daily loss of 0.06%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq lost 0.3%.

Prior to today’s trading, shares of the cable provider had lost 3.08% over the past month. This has lagged the Consumer Discretionary sector’s gain of 1.83% and the S&P 500’s gain of 5.76% in that time.

Wall Street will be looking for positivity from Comcast as it approaches its next earnings report date. This is expected to be January 27, 2022. On that day, Comcast is projected to report earnings of $0.73 per share, which would represent year-over-year growth of 30.36%. Our most recent consensus estimate is calling for quarterly revenue of $29.83 billion, up 7.65% from the year-ago period.

Investors might also notice recent changes to analyst estimates for

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Comcast (CMCSA) earnings Q3 2021

Brian Roberts, Chairman and CEO of Comcast

David A. Grogan | CNBC

Comcast reported 3rd-quarter earnings success prior to the bell Thursday that beat analyst anticipations on the top rated and base line. The business observed slight expansion in new broadband world wide web clients amid prior warnings from corporation executives.

Shares of Comcast ended up up premarket buying and selling but opened down just about 4% as executives talked over Peacock’s expansion and subscribers in the course of the firm’s earnings connect with. The stock shut down 1.03% at $51.90 a share.

This is what Comcast noted compared with analyst expectations:

  • Earnings: 87 cents for each share, altered, vs. 75 cents per share as predicted by analysts in accordance to Refinitiv
  • Income: $30.30 billion, vs. $29.87 billion as analysts expected according to Refinitiv
  • Significant-pace online shoppers: 300,000 web additions, vs. 296,000 analysts anticipated according to StreetAccount

Comcast CFO Michael

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Factors to Consider Ahead of Comcast’s (CMCSA) Q3 Earnings

Comcast CMCSA is set to report third-quarter 2021 results on Oct 28.

The Zacks Consensus Estimate for third-quarter 2021 revenues is pegged at $29.8 billion, indicating 16.7% growth from the year-ago quarter’s reported figure.

The consensus mark for earnings has remained steady at 76 cents per share over the past 30 days, suggesting an increase of 16.9% from the figure reported in the year-ago quarter.

Comcast beat on earnings in all the trailing four quarters, the average being 23.9%.
 
Let’s see how things have shaped up prior to this announcement.

Comcast Corporation Price and EPS Surprise

Comcast Corporation Price and EPS Surprise

Comcast Corporation price-eps-surprise | Comcast Corporation Quote

Internet Subscriber Base Growth: A Key Catalyst

Comcast’s third-quarter 2021 results are expected to benefit from an increased number of high-speed Internet subscribers fueled by a continued spike in media consumption and the work-from-home wave, which is expected to have aided this cable giant.

Additionally, improvement in

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