Free Research Report as Comcast’s Diluted EPS Soared 560.42% and Revenue Grew 4.23%

LONDON, UK / ACCESSWIRE / January 26, 2018 / Active-Investors.com has just released a free earnings report on Comcast Corp. (NASDAQ: CMCSA). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CMCSA. The Company posted its fourth quarter fiscal 2017 (Q4 FY17) financial results on January 24, 2018. The leading media and technology operators’ earnings surpassed market expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Comcast most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CMCSA

Earnings Highlights and Summary

During the fourth quarter of the fiscal year 2017, Comcast posted net sales of $21.92 billion compared to $21.03 billion in Q4 FY16, reflecting a growth of 4.23%. The increase in sales was attributed to the increased customer relationships and the Company’s segment revenues. The Company’s revenue numbers beat analysts’ estimates of $21.80 billion.

For the full fiscal year 2017, Comcast’s revenue advanced 5.13% to $84.53 billion compared to $80.40 billion for the previous fiscal year.

The Company’s operating expenses amounted to $15.16 billion in the reported quarter compared to $14.27 billion in the year ago same period, increasing 6.30% on a y-o-y basis. Comcast’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was $6.75 billion in the reported quarter versus $6.76 billion in the year ago comparable period, decreasing 0.13% on a y-o-y basis.

The Company’s operating income was $4.11 billion in Q4 FY17 compared to $4.26 billion in Q4 FY16, decreasing 3.68% on a y-o-y basis. For the full fiscal year 2017, the Company’s operating income was $17.99 billion, an increase of 6.69% compared to $16.86 billion in the previous fiscal year.

Comcast’s net income was $14.99 billion in the reported quarter compared to $2.30 billion in Q4 FY17, soaring 552.66% on a y-o-y basis. The Company’s earnings per share (EPS) were $3.17 in Q4 FY17 compared to $0.48 in the fourth quarter of the previous fiscal year, surging 560.42% on a y-o-y basis.

The Company’s adjusted earnings were $0.49 in the reported quarter compared to $0.45 in Q4 FY16, reflecting a growth of 8.90% on a y-o-y basis, excluding the $12.70 billion of net income tax benefits primarily associated with a reduction of the Company’s net deferred income tax liabilities as a result of the 2017 tax reform. The adjusted earnings numbers beat analysts’ estimates of $0.47.

For the full fiscal year 2017, the Company’s net income was $22.71 billion compared to $8.70 billion in 2016, surging 161.23%; while adjusted EPS was $2.06 in 2017 compared to $1.74 in 2016, advancing 18.39%.

Segment Details

Comcast has two business segments, namely: (i) Cable Communications segment, and (ii) NBCUniversal segment.

The Cable Communications segment reported net sales of $13.28 billion in Q4 FY17 compared to $12.84 billion in Q4 FY16, reflecting a growth of 3.42% compared to the year ago corresponding period. The segment’s adjusted EBITDA was $5.41 billion in Q4 FY17 compared to $5.19 billion in Q4 FY16, increasing 4.24% on a y-o-y basis.

For Q4 FY17, total customer relationships increased by 243,000 to 29.3 million. Residential customer relationships increased by 211,000 and business customer relationships increased by 33,000. At the end of the reported quarter, penetration of the Company’s double, triple, and quad product residential customers was 69.8%. In the reported quarter, total high-speed Internet customer net additions were 350,000; total video customer net losses were 33,000; and total voice customer net losses were 13,000.

The NBCUniversal segment posted net sales of $8.78 billion in Q4 FY17 compared to $8.45 billion in Q4 FY16, increasing 8.16% on a y-o-y basis. The segment’s adjusted EBITDA was $1.88 billion in Q4 FY17 compared to $1.77 billion in Q4 FY16, increasing 6.38% on a y-o-y basis.

Cash Matters

As on December 31, 2017, Comcast had cash and cash equivalents of $3.43 billion compared to $3.30 billion as on December 31, 2016. The Company’s cash inflow from operating activities was $21.40 billion in the reported quarter compared to $19.83 billion in Q4 FY16.

The Company declared a quarterly cash dividend of $0.19 per share on the Company’s common stock, payable on April 25, 2018, to shareholders of record as on April 04, 2018.

Comcast expects to repurchase at least $5.00 billion shares during 2018. As of December 31, 2017, it had $7.00 billion available under its share repurchase authorization.

Stock Performance Snapshot

January 25, 2018 – At Thursday’s closing bell, Comcast’s stock declined 1.98%, ending the trading session at $42.14.

Volume traded for the day: 27.04 million shares, which was above the 3-month average volume of 25.35 million shares.

Stock performance in the last month – up 3.33%; previous three-month period – up 15.45%; past twelve-month period – up 14.76%; and year-to-date – up 5.22%

After yesterday’s close, Comcast’s market cap was at $197.97 billion.

Price to Earnings (P/E) ratio was at 19.89.

The stock has a dividend yield of 1.50%.

The stock is part of the Services sector, categorized under the Entertainment – Diversified industry. This sector was up 0.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 486990