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Market Update

Earnings on Tap: Comcast

Comcast looks set to maintain healthy momentum generated during recent quarters.

Jul 30, 2013

Comcast (CMCSA) is scheduled to report second-quarter results before the market opens Wednesday.

Wall Street analysts expect the country's largest cable company to report earnings of $0.63 per A share compared with $0.50 a year earlier.

Although the second quarter is a seasonally weak one for cable companies because of video subscriber losses, Comcast is expected to record a steady growth in its broadband business. NBCUniversal is also expected to show steady growth overall, benefiting from a strong run of the hit Fast and Furious 6. The theme parks business has also been performing consistently.

The stock is up more than 16% year to date for each share class and trades around Morningstar's fair value estimate. Morningstar analyst Michael Hodel wrote in a recent Stock Analyst Note he believes Comcast's strong competitive position remains intact, and its shares are attractive versus those of other large telecom firms.

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