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Key Morning Earnings for April 27: CMCSA, DPS, GRMN, HLT

As Q1 earnings season continues, more and more companies are starting to post their earnings results. On Wednesday, four big names in the media, food and beverage, technology, and hospitality industries reported their first quarter fiscal 2016 earnings before the bell: Let’s take a look.

Comcast Corp. CMCSA

Media giant Comcast reported strong Q1 results. Adjusted earnings per share of $0.84 was well ahead of the Zacks Consensus Estimate of $0.79 per share. Total revenue came in at $18.790 billion, topping our consensus estimate of $18.632 and increasing 5.2% year-over-year. The strong results were due to Comcast seeing impressive subscriber gain for video, high-speed data, and voice.

Dr. Pepper Snapple Group DPS

Based in Plano, Texas, the food and beverage bellwether reported adjusted earnings per share of $0.94, beating the Zacks Consensus Estimate of $0.86 by 9.3%. Net sales came in at $1.49 billion, just edging past our consensus estimate of $1.47 billion and rising 2% year-over-year. Dr. Pepper Snapple has raised its earnings, revenue, and overall guidance for fiscal 2016 as a result of its Q1 performance.

Garmin Ltd. GRMN

Navigation and communications equipment manufacturer Garmin reported impressive Q1 results. Earnings per share of $0.49 (excludes $0.03 from non-recurring items) beat the Zacks Consensus Estimate of $0.43. Revenues of $624 million sailed past our consensus estimate of $589 million and rose 7% from the year-ago period. For 2016, Garmin forecasts earnings of $2.25 per share on revenue of about $2.82 billion.

Hilton Worldwide Holdings, Inc. HLT

A leader in the hospitality industry, Hilton reported earnings per share of $0.17 (excludes $0.14 from non-recurring items), topping the Zacks Consensus Estimate of $0.16. Revenues came in at $2.75 billion, edging past our estimate of $2.74 billion. Hilton’s adjusted earnings are expected to range between $0.92-$0.98 per share in 2016. 

Check out this chart detailing Q1 earnings performances so far:

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DR PEPPER SNAPL (DPS): Free Stock Analysis Report
 
COMCAST CORP A (CMCSA): Free Stock Analysis Report
 
GARMIN LTD (GRMN): Free Stock Analysis Report
 
HILTON WW HLDG (HLT): Free Stock Analysis Report
 
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