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Comcast (NASDAQ: CMCSA) plans to announce its Q4 earnings results on Thursday, January 26th, before the market opens.
Estimated EPS is $0.78 (+1.3% Y/Y) and Estimated Revenues are $30.36B (+0.1% Y/Y).
On top of 3 months ago, the EPS estimate has seen 2 to restore the surface and 18 below. Estimates of the given amount have seen 3 revisions up and 17 down.
Evercore expects Comcast to report around 50K fewer subscribers in Q4 amid pressure from Verizon ( VZ ) and AT&T ( T ) and its fiber and wireless businesses. Videos are rescaled to drop 550K in sequence. Video and audio revenues will continue to decline, reducing growth from broadband, advertising and wireless.
Wells Fargo has a positive, albeit limited, financial outlook, citing steady growth in cable revenue despite competition and stronger-than-expected broadband ARPU.
SA analyst Michele Pagliaro reviewed Comcast’s strong earnings and free cash flow as positive in an early-year review, with modest but steady revenue and profit growth.
Truist also gave Comcast (CMCSA) a big boost earlier in the year, citing poor pricing performance in 2022 and several “clear” threats.
His analyst noted that Comcast should continue to repurchase assets, expecting the two to buy back $8B and $7.2B in 2023 and $8B each in 2024. Evercore estimates about $3B in share buybacks in Q4.
Beyond acquisitions, investors and analysts can look to management’s comments for the coming year and financial challenges that could force Comcast to achieve sustainable growth and a healthy cash flow.
Over the past 2 years, CMCSA has beaten EPS estimates 100% of the time and has beaten estimates 100% of the time.
