Brian Roberts, Chairman and CEO, Comcast
David A. Grosjean | CNBC
Comcast will announce third-quarter earnings before the bell Thursday.
Here’s what analysts expect:
- gains: Adjusted for $0.75 per share, according to Refinitiv
- Revenues: $29.87 billion, according to Refinitiv
- High Speed Internet Clients: 296,000 net additions, according to a StreetAccount
Comcast added 354,000 new high-speed Internet customers last quarter, a record for the second quarter. During the same quarter last year, the company added 633,000 new customers.
Michael Kavanagh, Comcast’s chief financial officer, warned in September that the company expected fewer broadband additions, a move that briefly sent the company’s stock down. Analysts have revised their forecasts.
NBCUniversal’s Peacock signups are another metric analyst to watch. During the quarter last year, the platform had nearly 22 million subscriptions and 54 million as of July. The live streaming service offers both paid and free options to customers.
Analysts expect revenue to grow 17% year over year, according to Refinitiv.
Executives will discuss the results and issue guidance on a conference call beginning at 8:30 a.m. ET.
Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC.