Comcast, OpenTable Earnings on Tap
Investors will look at Comcast's merger with NBC, while after stock run, OpenTable will have to beat the Street.
Investors will look at Comcast's merger with NBC, while after stock run, OpenTable will have to beat the Street.
Paid TV provider Comcast (CMCSA) is scheduled to report first-quarter earnings after the market close Tuesday. The Street expects the firm to report earnings per share near $0.34, which is on par with the year-ago quarter.
Analysts might listen in to management comments on the company's strategy post its merger of NBC Universal in January. Investors might expect Comcast to outline the restrictions regulators placed on it before approval of the deal.
Comcast shares are currently fairly valued, according to Morningstar analyst Michael Hodel.
Also reporting earnings after the bell is OpenTable , the company that operates a restaurant reservation-taking website and which has seen a steady rise in price since its IPO in 2009.
Analysts, on average, expect the firm to post earnings of $0.23 per share, compared with $0.11 in the prior-year quarter.
The firm will have to post blowout earnings to justify the runup in its stock price, which has gained 33% in the past three months and about 50% year to date.
Morningstar analyst R.J. Hottovy feels that despite its "exceptional" business model and growth prospects, OpenTable does not deserve its current valuation.
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