Comcast Cable Is Exploring These New Growth Opportunities

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Comcast Cable Is Exploring These New Growth Opportunities PART 1 OF 12

What’s Affecting Comcast’s Stock Price?

Rise in Comcast’s stock price

On March 15, 2017, Comcast’s (CMCSA) stock closed at $37.75. The company’s stock has risen 9.4% YTD (year-to-date). Media company Time Warner (TWX) also saw its stock price rise 2.2%. 21st Century Fox (FOXA) and the Walt Disney Company (DIS) have seen their stock prices rise 9.6% and 7.3%, respectively, YTD.

What&#8217;s Affecting Comcast’s Stock Price?

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Factors driving stock price

Comcast’s (CMCSA) recent 4Q16 earnings exceeded consensus Wall Street estimates. The company declared adjusted EPS (earnings per share) of $0.89, up 9.9% year-over-year compared with analysts’ estimate of $0.87. The company had total revenue of $80.4 billion for fiscal 2016, up 7.9% year-over-year, and an operating income of $16.8 billion.

Comcast’s Triple Play business is doing exceedingly well. Comcast’s Cable Communications business had revenue of $12.8 billion in fiscal 4Q16, which is 7.1% higher YoY (year-over-year). Its revenue growth was primarily driven by its High-Speed Internet, Video, and Business Services segments. Comcast is optimistic about the growth of its NBCUniversal business, which had revenues of $8.5 billion in fiscal 4Q16, up 13% YoY.

Series snapshot

In this series, we’ll take a closer look at Comcast’s X1 set-top box and its business strategy regarding Comcast Cable. First, let’s see how analysts are rating Comcast.

Comcast makes up 0.82% of the SPDR S&P 500 ETF (SPY). SPY invests 3.4% of its holdings in the computer sector.


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