Comcast The media company is scheduled to report first-quarter earnings on Thursday. Analysts, on average, anticipate earnings of 42 cents a share on revenue of $14.43 billion. "After 5 qtrs of subscriber net adds improving Y/Y and revenue/EBITDA growthgenerally 25%-35% faster than the cable industry, investors have shifted frombeing positively surprised by strong execution to expecting it," Deutsche Bank analysts wrote in a report Monday. "This has crystallized in 1Q12 with the debate as to whether Comcast can report positive video net adds, and whether the +/- 20k video net adds is even relevant (0.09% of subs)." Shares of Comcast hit a 52-week high Tuesday of $30.87. The stock's 52-week low of $19.19 was set on Aug. 9. Comcast's forward P/E is 13.94; the average for broadcasting and entertainment companies is 34.45. For comparison, Time Warner ( TWX) has a lower forward P/E of 10.49. Twenty-three of the 31 analysts who cover Comcast rated it buy. Seven analysts gave the stock a hold rating and one rated it sell. The stock has risen 30.07% year to date.
PNC Financial "While linked-quarter comparisons are difficult following the closing of the RBC acquisition in 1Q12, operating trends generally remained strong," Goldman Sachs analysts wrote in an April 18 report. "Excluding acquired RBC assets, we estimate 1.4% linked quarter loan growth (3.7% commercial, -1.6% consumer) and flat net interest income. Fee income increased 7% linked quarter, largely due to better assetmanagement (equity market driven), a strong quarter of mortgage banking (originations up 13%, gain-on sale wider similar to other peers), and some benefit from the RBC acquisition." Shares of PNC hit a 52-week high Tuesday of $67.89. The stock's 52-week low of $42.70 on Aug. 23. PNC's forward P/E is 9.88; the average for its peers is 11.05. For comparison, BB&T ( BBT) has a higher forward P/E of 10.9. Twenty-three of the 35 analysts who cover PNC rated it buy. Fourteen analysts gave the stock a hold rating and one rated it sell. The stock has risen 17.22% year to date.
La-Z-Boy "We were encouraged by our meeting with LZB management and believe the outlook for next year remains bright, despite increases in raw material costs," KeyBanc Capital Markets analysts wrote in an April 24 report. "While these costs have likely increased in recent months, we believe LZB has adequately planned for the headwind. Over the last year, LZB raised prices to keep up with raw material increases. Looking ahead, LZB built in further price increases in its products to keep up with a similar level of raw material headwind, which should leave adequate room for input price inflation. LZB renewed its advertising agreement with Brooke Shields, which we view positively.Furthermore, management remains confident that it can generate a 20-30% contribution margin for next year. Recall, our 2013 EPS estimate of $0.92 is predicated on a 6% revenue growth and a 30% contribution margin, and we believe our revenue estimate could prove conservative if LZB continues to execute successfully or if the housing recovery continues." Shares of La-Z-Boy hit a 52-week high Tuesday of $15.77. The stock's 52-week low of $6.76 was set on Oct. 4. La-Z-Boy's forward P/E is 16.69 times; the average for furnishings companies is 16.83. For comparison, Ethan Allen ( ETH) has a higher forward P/E of 17.85. Four of the six analysts who cover La-Z-Boy rated it buy. One analyst gave the stock a hold rating and another rated it sell. The stock has risen 30.25% year to date. -- Written by Alexandra Zendrian >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: firstname.lastname@example.org. >To follow the writer on Twitter, go to Alexandra Zendrian.