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

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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-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

Comcast’s Cable Television Woes Carry on Into Q3: This is Why It Isn’t going to Matter

An additional quarter is in the guides for media and leisure outfit Comcast (NASDAQ:CMCSA). As a single might have anticipated, its film and theme park organizations proceed to recover from the impact of the pandemic. But its cable television business continues to implode.

All told, Comcast’s cable assistance — you know it as Xfinity — lose one more 408,000 buyers previous quarter, bringing the attrition figure up to just about 1.3 million as a result of the first three quarters of the current fiscal calendar year. That is far more cable subscribers than it had shed by the very first three quarters of very last calendar year when COVID-19 lockdowns gave individuals a great deal of time and reason to cancel their cable service and appear for much less expensive possibilities.

That’s a issue for an group predominantly viewed as a “cable enterprise.”

A crowd of people merging into a rising arrow.

Impression source: Getty Images.

The matter

Comcast’s broadband tempo slows in Q3 when cellular hits a new quarterly file

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The pace of broadband subscriber development at Comcast slowed to 300,000 in Q3 2021 even as the rate of lines being additional at Xfinity Cellular attained a quarterly history of 285,000. &#13
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Comcast’s broadband provides of 300,000 subs have been in line with analyst expectations of +296,000. But individuals gains were down from 633,000 adds in a year-back quarter fueled by the COVID-19 pandemic, and off from the 379,000 adds in the pre-pandemic period of Q3 2019. Comcast ended the quarter with 31.68 million broadband subs, good for 52.2% penetration of households and firms passed. Broadband revenues climbed 11.6%, to $5.8 billion. &#13
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Dave Watson, CEO of Comcast’s cable device, attributed the broadband slowdown to a lower in all round new connects across the firm’s footprint, building less options for “soar balls” in opposition to broadband competition. On the other hand, broadband subscriber churn remains

Comcast’s Rural Broadband Enlargement Carries on with Supplemental Investment decision in Preston County, WV | State

PITTSBURGH, Sept. 2, 2021 /PRNewswire/ — Comcast these days introduced it is appreciably upgrading and increasing the achieve of its network serving Preston County, West Virginia and will pass somewhere around 470 rural properties and companies with 31 miles of new fiber development to deliver broadband provider to its present video-only prospects in the Rowlesburg place and new prospects to the north and east.

On completion of the job by Drop 2022, household prospects will have accessibility to all Xfinity services, like Xfinity Internet Net Essentials for qualifying reduced-money people at $9.95 per month the award-profitable Xfinity X1 video platform Xfinity Residence Xfinity Voice and Xfinity Cell. Firms in this area will be capable to get the full suite of Comcast Small business goods and companies, like Ethernet community speeds up to 100 Gigabits-for every-next.

Comcast finished a similar expansion to its Bruceton Mills assistance region in northern Preston

5 Large Takeaways From Comcast’s Strong Q2 Report

A further quarter is in the guides for cable and media outfit Comcast (NASDAQ:CMCSA), and all in all, it’s not a poor 1. Earnings of $28.5 billion was not only up 20% calendar year over calendar year, but topped estimates of a minor far more than $27.1 billion as perfectly. For every-share revenue jumped from $.65 a calendar year before to $.80 in the 3-thirty day period extend ending in June, also beating analysts’ consensus figures among $.65 and $.67 for each share. The inventory value has moved small considering that the report was posted, but keeping on to the 15% gain since the conclude of past yr is a victory in and of itself.

Comcast is a advanced corporation, on the other hand, with pursuits ranging from films to topic parks to tv the best and base traces rarely tell the full tale. Here are the 5 vital