Comcast Earnings Preview
Comcast Corp. (CMCSA) is slated to release its first quarter 2011 results on Tuesday, May 3, after the closing bell. The current Zacks Consensus Estimate for the first quarter is pegged at 35 cents per share, representing an annualized growth of 13.21%.With respect to earnings surprises over the trailing four quarters, Comcast has outperformed the Zacks Consensus Estimate in all the four quarters. The average earnings surprise was a positive 4.85%, implying that the company has outdone the Zacks Consensus Estimate by the same magnitude over the last four quarters.
Fourth Quarter Recap
On February 16, Comcast reported its fourth quarter 2011 financial results. GAAP net income for the fourth quarter 2010 was $1,018 million or 36 cents per share, compared with $955 million or 33 cents per share in the prior-year quarter. Adjusted earnings per share (EPS) in the reported quarter were 34 cents, which surpassed the ZacksComplete Story »