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