Actionable news
0
All posts from Actionable news
Actionable news in CMCSA: Comcast Corporation,

How to Trade Comcast Earnings With the Charts on Your Side

0

Shares of media giant Comcast (CMCSA - Get Report) have gone on a strong run, rising as much as 20% since falling to a January low of $52.34. The stock trades now at $61, up 8% year to date, including 11% gains in the past three months.

Comcast's run is far from over. Buying the stock now could deliver a 5% premium as earnings are released.

Comcast is set to report first-quarter earnings results before the opening bell Wednesday. For the quarter that ended in March, the average analyst earnings-per-share estimate anticipates 79 cents a share on revenue of $18.68 billion, marking a 2% decline in EPS, while revenue is expected to rise 4.4%. For the full year, earnings are projected to climb 8.6% to $3.52 per share, while full-year revenue of $79.06 billion would mark a 6%...


More