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Comcast (CMCSA) is scheduled to announce Q2 earnings results on Thursday, July 23rd, before market open.
Wall Street, on average, expects the global media and technology company to post a quarterly EPS of $0.97 (-22.4% Y/Y) on revenue of $29.26B (-3.5% Y/Y).
In the first quarter, Comcast reported earnings and revenue beat.
“Key uncertainties remain around $90B in debt allocation and the future impact of AI on operational efficiency,” pointed out a recent Seeking Alpha analysis.
Last month, Comcast announced that it splitting into two companies: a content-focused NBC Universal and a cable/broadband provider, aiming for greater financial clarity.
Over the last 2 years, CMCSA has beaten EPS estimates 100% of the time and has beaten revenue estimates 63% of the time.
Over the last 3 months, EPS estimates have seen 2 upward revisions and 15 downward. Revenue estimates have seen 6 upward revisions and 12 downward.
Since the start of the year, CMCSA shares have fallen 20%, compared to the near 10% rise in the broader S&P 500 index (SP500).
Both Seeking Alpha's Quant and the Wall Street analysts recommended the stock as a Hold.
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