Tracking Comcast’s Stock Price after 3Q16 Earnings



Rise in Comcast’s stock price

Comcast announced its fiscal 3Q16 results on October 26. On October 28, Comcast’s (CMCSA) stock price closed at $61.88. The company’s stock has risen 9.1% YTD (year-to-date). Media company Charter Communications (CHTR) saw its stock price rise 9.6% year-to-date.

However, 21st Century Fox (FOXA) and the Walt Disney Company (DIS) have seen their stock prices fall 3.9% and 11.8%, respectively, on a YTD basis.

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Factors driving the stock price

Comcast’s (CMCSA) 3Q16 earnings slightly exceeded consensus Wall Street estimates. The company declared EPS (earnings per share) of $0.92, which exceeded the Wall Street analyst estimate of $0.91. Comcast had revenues of $21.3 billion in fiscal 3Q16, up 14.2% over fiscal 3Q15. The company recorded an operating cash flow of $6.8 billion, up 10.5% year-over-year.

Comcast’s Triple Play business is doing exceedingly well. Comcast’s Cable Communications business recorded revenues of $12.6 billion in 3Q16, which is 6.9% higher YoY (year-over-year). Its revenue growth was mainly driven by its High-Speed Internet, Video, and Business Services segments.

Comcast is also optimistic about the growth of its NBCUniversal businesses.

Series snapshot

In this series, we’ll take a closer look at Comcast’s core growth drivers for its Comcast Cable and NBCUniversal businesses. We’ll also look at Comcast’s key financial metrics.

But first, let’s see how analysts are rating Comcast in the next part of this series.


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