Brian Roberts, chairman and leader government officer of Comcast Corp.
Patrick T. Fallon | Bloomberg | Getty Pictures
Comcast is ready to announce its first-quarter profits earlier than the outlet bell on Thursday.
Here is what Wall Boulevard is anticipating:
- Profits: 80 cents according to percentage, in keeping with Refinitiv
- Income: $30.5 billion, in keeping with Refinitiv
- Prime-speed web consumers: 229,000 web additions, in keeping with analysts surveyed by way of FactSet
Analysts might be paying shut consideration to Comcast’s broadband phase. The corporate is predicted so as to add 229,000 new high-speed web consumers all through the primary quarter, neatly wanting the 461,000 it added in the similar quarter final yr.
In a convention name final quarter, Comcast CEO Brian Roberts mentioned broadband marketplace prerequisites this yr would proceed to really feel the affects of the coronavirus pandemic.
“Inside of this surroundings, we can strike the correct steadiness between subscriber acquisition in opposition to a big and increasing addressable marketplace in addition to long-term successful expansion,” Roberts mentioned.
Whilst the broadband phase would possibly stay subdued, Financial institution of The us Securities analysts mentioned in a observe to shoppers previous this month that Comcast is “a phenomenal fairness and defensive amidst marketplace turmoil.” Markets had been adversely suffering from emerging inflation, Russia’s invasion of Ukraine, and unease over the Federal Reserve’s plans to hike rates of interest and straightforwardness bond-buying.
Financial institution of The us pointed to Comcast’s Cable and Sky divisions as doable shiny spots all through the quarter, along side its Common theme park trade, which has just lately bounced again after it used to be hit by way of closures and capability discounts stemming from the pandemic.
On Wednesday, Comcast introduced a brand new three way partnership with Constitution Communications that can see its Xfinity Flex streaming {hardware} to be had to broadband subscribers of each firms.
— CNBC’s Michael Bloom contributed reporting to this tale.
Disclosure: Comcast owns CNBC’s guardian NBCUniversal.
