Comcast (CMCSA) stock is currently trading at 13.84x its fiscal 2019 estimated EPS of $3.07. It’s also trading at 12.47x its fiscal 2020 estimated EPS of $3.40. Analysts expect its adjusted EPS to rise 20.4% in fiscal 2019 and 10.7% in fiscal 2020.

Comcast’s earnings are also expected to rise at a compound annual growth rate of 10.3% in the next five years. However, Comcast’s revenues are expected to increase 16.0% in fiscal 2019 and 5.4% in fiscal 2020. The stock looks undervalued, considering its earnings growth going forward.

Analysts’ recommendations for Comcast stock

Overall, analysts favor a “buy” rating for Comcast stock. Among the analysts tracking the stock, 81.8% recommended a “buy” rating, while 18.2% recommended a “hold” rating. None of the analysts recommended a “sell” rating.

On average, analysts’ 12-month target price for the stock is $49.26, which implies a rise of 13.3% from its closing price of $43.46 on August 13. The stock’s median target price is $50.00.

Technical levels

On August 13, Comcast stock closed at $43.46, which was 2.4% higher than its previous closing price, 4.0% lower than its 52-week high of $45.29, and 33.3% higher than its 52-week low of $32.61. Year-to-date, Comcast stock has risen more than 27%. The company’s market cap is $193.0 billion.

Based on its closing price on August 13, Comcast stock was trading 0.1% above its 20-day moving average of $43.44, 1.0% above its 50-day moving average of $43.03, and 2.4% above its 100-day moving average of $42.46.

The company’s 14-day RSI (relative strength index) score stood at 44, which indicates investors are neutral toward the stock.

Financial performance

In the second quarter, Comcast reported consolidated revenues of $26.86 billion—a rise of 23.6% year-over-year and $198 million below the consensus estimate. The company reported a consolidated adjusted EBITDA of $8.72 billion—an increase of more than 17%. Comcast also reported adjusted EPS of $0.78—a rise of 20% and $0.03 better than the consensus estimate of $0.75.

Analysts expect Comcast’s net revenues to see YoY changes of 23.1% to $27.25 billion in the third quarter and 2.8% to $28.63 billion in the fourth quarter. Analysts also expect the company’s adjusted EPS to see YoY changes of 16.9% to $0.76 in the third quarter and 20.3% to $0.77 in the fourth quarter.

Read Comcast Shares Pop on Goldman’s Optimism to learn more about what’s driving Comcast stock.

Latest articles

WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

After FCC Chairman Ajit Pai recommended the approval of the T-Mobile–Sprint merger, Representative David Cicilline urged the FCC to allow public comment.

Cresco Labs (CRLBF) is set to report its Q2 earnings on August 21 after the market closes. The company's stock fell 5.3% yesterday.

Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.

NVIDIA (NVDA) stock soared 6% in today’s trading session as its Q2 earnings for fiscal 2020 beat estimates. However, its guidance missed estimates.

Nio Inc. (NIO) has disrupted the automotive space since 2014 but only made waves in the market since its IPO. Investors have suffered numerous setbacks.