What To Expect From Comcast’s (CMCSA) Q2 Earnings

Telecommunications and media company Comcast (NASDAQ:CMCSA) will be reporting results this Thursday before market hours. Here’s what to look for.

Comcast beat analysts’ revenue expectations last quarter, reporting revenues of $31.46 billion, up 10.9% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates. It reported 28.65 million domestic broadband customers, down 9.4% year on year.

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

This quarter, the market is expecting Comcast’s revenue to grow 1.7% year on year, in line with the 2.5% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.

Looking at Comcast’s peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AMC Entertainment delivered year-on-year revenue growth of 14.2%, beating analysts’ expectations by 8.7%, and Delta reported revenues up 18.7%, topping estimates by 3.9%. AMC Entertainment traded up 14.6% following the results while Delta was down 3.2%.

Read our full analysis of AMC Entertainment’s results here and Delta’s results here.

Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Comcast is up 7% during the same time and is heading into earnings with an average analyst price target of $30.94 (compared to the current share price of $23.84).

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