Comcast Corp (NASDAQ: CMCSA) : Investors Should Not Dump CMCSA Stock In 2024

In the last trading session, 21.67 million Comcast Corp (NASDAQ:CMCSA) shares changed hands as the company’s beta touched 0.99. With the company’s per share price at $42.61 changed hands at $0.54 or 1.28% during last session, the market valuation stood at $169.24B. CMCSA’s last price was a discount, traded about -11.38% off its 52-week high of $47.46. The share price had its 52-week low at $34.63, which suggests the last value was 18.73% up since then. When we look at Comcast Corp’s average trading volume, we note the 10-day average is 23.74 million shares, with the 3-month average coming to 1.15.

Comcast Corp (NASDAQ:CMCSA) trade information

Instantly CMCSA was in green as seen at the end of in last trading. With action -5.04%, the performance over the past five days has been red. The jump to weekly highs of 44.94 added 1.28% to the stock’s daily price. The company’s shares are showing year-to-date downside of -2.83%, with the 5-day performance at -5.04% in the red. However, in the 30-day time frame, Comcast Corp (NASDAQ:CMCSA) is -1.53% down. Looking at the short shares, we see there were 40.86 million shares sold at short interest cover period of 2.33 days.

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Comcast Corp (CMCSA) estimates and forecasts

Data shows that the Comcast Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -7.43% over the past 6 months, a 8.04% in annual growth rate that is considerably higher than the industry average of -6.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Comcast Corp will rise 7.60%, while the growth in revenue is estimated to hit 1.80% for the next quarter. Year-over-year growth is forecast to reach 2.30% up from the last financial year.

Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of $29.92 billion. 18 analysts are of the opinion that Comcast Corp’s revenue for the quarter ending Jun 2024 will be $30.5 billion. The company’s revenue for the corresponding quarters a year ago was $29.3 billion and $30.13 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.10%. The estimates for the next quarter sales put growth at 1.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.96%. The 2024 estimates are for Comcast Corp earnings to increase by 7.68%, but the outlook for the next 5-year period is at 9.78% per year.

CMCSA Dividends

Comcast Corp is expected to release its next quarterly earnings report between April 25 and April 29. The 2.72% annual yield figure for the share gives it an annual dividend of 1.16. It is important to note, however, that the 2.72% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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