What to Look for When Comcast (CMCSA) Reports Q2 Earnings
NEW YORK (TheStreet) -- Shares of Comcast (CMCSA) - Get Report are up 0.01% to $67.47 this afternoon ahead of the company's 2016 second quarter earnings report due out before the market open on Wednesday.
Analysts are looking for earnings of 81 cents on revenue of $19 billion for the period.
For the 2015 second quarter, Comcast reported adjusted earnings of 84 cents and revenue of $18.74 billion.
The Philadelphia-based media company recently announced several new services meant to transform the traditional cable market.
Comcast is introducing a new pay-as-you-go cable service that, following a one-time equipment payment, allows users to refill their television and internet services whenever they want for weekly or monthly use. It requires no credit check, appealing to lower-income homes, the Wall Street Journal reported.
The company is also planning a new service to allow subscribers to access content through Smart TV's and devices like Roku boxes, CIO reports. Executive VP Chris Satchell hopes Comcast will be able to blend cable and Internet services with the move.
(Comcast is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings with a free trial.)
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of A+.
The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, reasonable valuation levels and solid stock price performance. TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that TheStreet Ratings evaluated.
You can view the full analysis from the report here: CMCSA