Comcast Corporation: Likely to Beat - Analyst Blog
February 11 2013 - 4:50AM
Zacks
We expect cable multi service
operator (MSO) Comcast Corporation (CMCSA) to beat
expectations when it reports fourth-quarter 2012 results before the
opening bell on Feb 13, 2013.
Why a Likely Positive
Surprise?
Our proven model shows that Comcast
Corporation is likely to beat earnings because it has the right
combination of two key ingredients.
Positive Zacks
ESP: Expected Surprise Prediction or ESP (Read: Zacks
Earnings ESP: A Better Method), which represents the difference
between the Most Accurate estimate and the Zacks Consensus
Estimate, stands at +1.89%. This is a meaningful and leading
indicator of a likely positive earnings surprise.
Zacks #3 Rank
(Hold): Comcast Corporation currently has a Zacks Rank #3
(Hold). Note that the stocks with Zacks Ranks of #1, #2 and #3 have
a significantly higher chance of beating the earnings.
The combination of Comcast
Corporation’s Zacks Rank #3 (Hold) and +1.89% ESP makes us
confident of a positive earnings beat on Feb 13, 2013.
What is Driving the Better
Than Expected Earnings?
Comcast Corporation is poised for a
better performance as the company’s cable business continues to
introduce innovative products and enhance its customers viewing
experience. The company’s NBC Universal segment is expected to
perform well which underscores the strong performance of its cable
business.
The Company’s Xfinity TV, which
provides access to both video programming and Internet continue to
innovate new products and services and is expected to augment its
online TV business. However, the loss of basic video customers
remains the major concern for the company going forward.
Other Stocks to
Consider
Other companies you may want to
consider on the basis of our model, which shows that they have the
right combination of elements to post an earnings beat this quarter
are as follows:
Clearwire Corp.
(CLWR) currently has an earnings ESP of +29.17% and holds a Zacks
Rank #2 (Buy).
Tivo Inc(TIVO) has
an earnings ESP of +8.33% and carries a Zacks Rank #2 (Buy).
Cablevision Sys
Corp. (CVC) currently has an earnings ESP of +10.00% and
holds a Zacks Rank #3 (Hold).
CLEARWIRE CORP (CLWR): Free Stock Analysis Report
COMCAST CORP A (CMCSA): Free Stock Analysis Report
CABLEVISION SYS (CVC): Free Stock Analysis Report
TIVO INC (TIVO): Free Stock Analysis Report
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