Comcast Beats on Both Top and Bottom Lines
Comcast (NAS: CMCSA) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Comcast beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved significantly.
Gross margins shrank, operating margins increased, net margins expanded.
Comcast recorded revenue of $14.88 billion. The 22 analysts polled by S&P Capital IQ predicted net sales of $14.44 billion on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $12.13 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.45. The 25 earnings estimates compiled by S&P Capital IQ forecast $0.42 per share. GAAP EPS of $0.45 for Q1 were 32% higher than the prior-year quarter's $0.34 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.6%, 200 basis points worse than the prior-year quarter. Operating margin was 18.5%, 20 basis points better than the prior-year quarter. Net margin was 8.2%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $15.22 billion. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $61.57 billion. The average EPS estimate is $1.90.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Comcast is outperform, with an average price target of $33.73.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Comcast. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Comcast to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.