Comcast Shares Slide 1.5%, Q1 EPS Forecast $0.88 and Forward P/E 8.71
Comcast stock closed at $31.60, down 1.53% versus a 0.57% S&P drop. Q1 EPS are projected at $0.88 (–19.3% y/y) on $30.71 b revenue (+2.8%) and a forward P/E of 8.71 above the 7.01 industry average underscores weak outlook.
1. Market Performance
In the latest session, Comcast shares closed at $31.60, down 1.53%, underperforming the S&P 500's 0.57% decline. Over the past month, the stock has gained 5.21%, surpassing the 2.06% rise in the Consumer Discretionary sector.
2. Quarterly Forecasts
Analysts project first-quarter earnings per share of $0.88, representing a 19.3% year-over-year decrease, on revenue of $30.71 billion, a 2.8% increase from the same quarter last year.
3. Valuation Metrics
Comcast trades at a forward price-to-earnings ratio of 8.71, above the 7.01 industry average, and holds a PEG ratio of 2.5 versus the industry's 0.59, reflecting elevated valuation relative to peers.
4. Analyst Ratings
Over the past 30 days, the consensus EPS estimate has fallen by 2.15%, contributing to a Zacks Rank #5 (Strong Sell) designation for Comcast and indicating negative near-term profit expectations.