Why Comcast (CMCSA) is a Top Value Stock for the Long-Term
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Comcast (CMCSA)
Comcast is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal and Sky.
CMCSA is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of B. Shares are currently trading at a forward P/E of 9.7X for the current fiscal year compared to the Cable Television industry's P/E of 10.5X. Additionally, CMCSA has a PEG Ratio of 1.1 and a Price/Cash Flow ratio of 5.3X. Value investors should also note CMCSA's Price/Sales ratio of 1.3X.
Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.01 to $4.24 per share. CMCSA has an average earnings surprise of 8.8%.
CMCSA should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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Comcast Corporation (CMCSA) : Free Stock Analysis Report