Comcast CMCSA is scheduled to report its second-quarter 2026 results on July 23.
The Zacks Consensus Estimate for second-quarter earnings is pegged at 97 cents per share, down by a penny over the past 30 days. The figure indicates a 22.4% decrease from the year-ago quarter’s reported figure.
The consensus mark for revenues is pegged at $29.17 billion, indicating a 3.75% decrease from the year-ago quarter’s reported figure.
CMCSA’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 7.22%.
Comcast Corporation Price and Consensus
Comcast Corporation price-consensus-chart | Comcast Corporation Quote
Let us see how things are shaping up for the upcoming announcement.
Factors to Consider
Comcast is expected to have entered the second quarter of 2026 with operating momentum remaining fragile, reflecting a continuation of pressures signaled following the first quarter print. In Connectivity & Platforms, broadband performance likely stayed under strain as fiber overbuild and fixed wireless competition intensified, and satellite entrants added incremental promotional pressure. Broadband ARPU is expected to have remained under incremental pressure through the second quarter before meaningful relief materializes later in the year, reflecting the absence of a rate increase, continued migration to simplified pricing and the dilutive impact of free wireless line adoption. These dynamics are expected to have kept segment EBITDA growth constrained even as connect volumes and voluntary churn showed tentative stabilization, with elevated marketing spend tied to the go-to-market pivot likely weighing on margins.
Wireless growth likely remained comparatively resilient but is expected to have offered limited near-term financial benefit, as a large share of free line additions had not yet converted to paying relationships. Business Services growth is likely to have moderated modestly amid persistent small business competitive intensity.
Within Content & Experiences, the absence of a comparable sports calendar following the dense first quarter is expected to have weighed on Media segment advertising and distribution growth sequentially. Peacock profitability progress remains uncertain given continued exposure to NBA rights amortization and an intensely competitive streaming landscape. Theme Parks results are expected to have faced continued international headwinds, with softer China-related inbound travel trends pressuring Osaka attendance and a challenging macroeconomic backdrop weighing on Beijing.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
Comcast currently has an Earnings ESP of +2.29% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Amphenol APH has an Earnings ESP of +1.12% and a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Amphenol shares have gained 11.9% year to date. Amphenol is scheduled to report its second-quarter 2026 results on July 29.
ASE Technology ASX has an Earnings ESP of +21.21% and a Zacks Rank #1.
ASE Technology shares have surged 138.6% year to date. ASE Technology is set to report its second-quarter 2026 results on July 30.
Fortive FTV has an Earnings ESP of +2.82% and a Zacks Rank #2 at present.
Fortive shares have gained 11.9% in the year-to-date period. Fortive is set to report second-quarter 2026 results on July 29.
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Comcast Corporation (CMCSA): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).