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Comcast Stock Rose on Upbeat Q4 Results

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Jan. 25 2019, Published 3:52 p.m. ET

Comcast’s stock price

Comcast (CMCSA) reported better-than-expected fourth-quarter results before the market bell on January 23, sending its stock 5.49% higher to close at $36.89. The stock had risen 8.3% year-to-date but had fallen 10.5% in the past year. In comparison, peer media stocks Walt Disney (DIS) and Netflix (NFLX) have risen 2.1% and 19.4%, respectively, while Dish Network (DISH) and CBS (CBS) have fallen 38.1% and 17.1%.

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Fourth-quarter results

Comcast beat analysts’ earnings and revenue estimates in the fourth quarter and raised its annual dividend by 10%. Its adjusted EPS rose ~36.2% YoY (year-over-year) to $0.64, beating analysts’ estimate by 3.2%, and its revenue rose 26.1% YoY to $27.85 billion, beating analysts’ of $27.55 billion by 1.1%. On a pro forma basis (including the Sky transaction in its 2017 results), its revenue rose ~5.2% YoY to $28.28 billion.

2018 results

In 2018, Comcast’s adjusted EPS rose ~25.6% YoY to $2.55, missing analysts’ estimates by $0.01. Its revenue rose 11.1% YoY to $94.5 billion, beating analysts’ estimate of $93.9 billion by 0.6%. Its pro forma revenue (including the Sky transaction in its 2017 results) rose 6.4% YoY.

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