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Comcast (CMCSA) Q1 Earnings Report Preview: What To Look For

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Telecommunications and media company Comcast (NASDAQ: CMCSA) will be reporting earnings tomorrow morning. Here’s what to look for.

Comcast beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $31.92 billion, up 2.1% year on year. It was a strong quarter for the company, with a decent beat of analysts’ EPS and adjusted operating income estimates. It reported 31.84 million domestic broadband customers, down 1.3% year on year.

Is Comcast a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Comcast’s revenue to be flat year on year at $29.8 billion, slowing from the 1.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.99 per share.

Comcast Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Comcast has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1% on average.

Looking at Comcast’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. AT&T delivered year-on-year revenue growth of 2%, beating analysts’ expectations by 1%, and Verizon reported revenues up 1.5%, in line with consensus estimates.

Read our full analysis of AT&T’s results here and Verizon’s results here.


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