Comcast Q2 2022 Earnings Showtime: What's on the List
Cindy Ord


Comcast (NASDAQ:CMCSA) is scheduled to announce Q2 earnings results on Thursday, July 28th, before market open.
The consensus EPS Estimate is $0.92 (+9.5% Y/Y) and the consensus Revenue Estimate is $29.73B (+4.2% Y/Y).
Over the last 2 years, CMCSA has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.

Over the last 3 months, EPS estimates have seen 10 upward revisions and 9 downward. Revenue estimates have seen 4 upward revisions and 13 downward.
The upcoming second-quarter results in cable/satellite names should mark the low point for subscriber activity, Morgan Stanley said - but it's still too soon to get too positive, given some cyclical headwinds and some still-hot competition.

Earnings Recap: Comcast stock fell sharply despite a strong first-quarter earnings report that featured a beat on top and bottom lines, growth in its Peacock streaming platform and an increased capital return to shareholders. However, the company did see a significant slowdown (of 43%) in broadband growth.
On Tuesday, Vizio stock (NYSE:VZIO) has jumped 3.2% off a report that Comcast (CMCSA) has been eyeing an acquisition of the consumer electronics maker as it considers getting further into building its own smart televisions.

Industry Round Up: Streaming usage took more than a third of TV usage in June at 33.7%, its latest record share according to "The Gauge" from Nielsen, while other formats hit their smallest shares yet: Cable fell, but still leads at 35.1%, and broadcast dipped to 22.4%.
Jordan Peele's Nope (CMCSA) opens to $44M, biggest original debut of pandemic film era. The mysterious horror/sci-fi mashup topped the third-week take from Thor: Love and Thunder (NYSE:DIS), which drew $22.1M after shedding just over half of last week's business. 
Citi has updated its models for wireless and broadband stocks heading into earnings season, and while it's trimmed its outlook a bit, it's still expecting "solid" revenue growth.
Seeking Alpha's Quant Rating downgraded 2 points on CMCSA to Hold from Strong Buy in mid-July. While SA Authors and Wall Street analysts, on an average, maintain a Buy rating. 

Recent earnings Analysis from our contributors: Comcast: Expect An Impressive Second Quarter