Comcast (CMCSA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The legacy media conglomerate model is officially obsolete. For the better part of a decade, investors watched telecom sector giants attempt to marry high-margin broadband infrastructure with capital-intensive, lower-growth media production.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
When Brian Roberts announced on June 29 that Comcast would spin off NBCUniversal and Sky into a separate public company, an analyst asked the question behind the transaction: was this a step toward a sale?
There is compelling strategic logic behind Comcast's move to spin off NBCUniversal into a separate company — but whether it will ultimately deliver value for shareholders is an open question.
This year is shaping up to be one for mega unions. We're not talking about the Taylor Swift-Travis Kelce nuptials—we mean big-time M&A.
Comcast is rated a BUY, offering a 5.7% yield and substantial upside as recent headwinds subside. CMCSA trades at a deep discount to peers, with a PE of 6.6 versus an expected reversion to 9 as growth normalizes. Dividend growth remains robust, with a 17-year streak and a manageable 33% payout ratio supporting future increases.
Comcast shares are soaring after the company announced plans to split its media and technology businesses.
Comcast's (NASDAQ: CMCSA | CMCSA Price Prediction) move to carve out its cable networks into the Versant spinoff marks a definitive turning point in the great conglomerate unbundling: the notorious “conglomerate discount” that has eroded shareholder value for over a decade is officially on the chopping block across the S&P 500.
Michael Angelakis is one of a core group of co-CEO Brian Roberts's trusted advisers.
The case for bundling media with distribution has weakened in the streaming era, but further M&A makes less sense.
The planned spinoff of NBCU is another step in a long-running realignment of the media and entertainment industry's power structure.