Analysts remain bullish on Comcast stock, however, with 22 of 37 brokerages having a Buy or Strong Buy rating and another 13 rating the shares at Hold. At a price of around $40.00 a share, the upside potential based on a median price target of $41.50 is 3.8%. At the high price target of $70.00, the upside potential is 75%.
Fourth-quarter revenue is forecast to come in at $30.36 billion, up 1.7% sequentially and flat year over year. Adjusted EPS are forecast at $0.78, down about 18.8% sequentially but up a penny year over year. For the full 2022 fiscal year, analysts expect Comcast to report EPS of $3.59, up 11.1%, on sales of $121.21 billion, up 4.1%.
Comcast stock trades at 11.2 times expected 2022 EPS, 10.7 times estimated 2023 earnings of $3.75 and 9.8 times estimated 2024 earnings of $4.07 per share. The stock’s 52-week range is $28.39 to $51.20. Comcast pays an annual dividend of $1.08 (yield of 2.68%). Total shareholder return over the past year is negative 17.6%.
Nokia
Nokia Oyj (NYSE: NOK) shares have dropped about 17% over the past 12 months, including a decline of around 1.5% so far in 2023.
The company on Tuesday agreed to a new patent cross-licensing deal with Samsung. Although financial terms were not revealed, the multiyear agreement should help the company’s technology division maintain its gross margin of more than 99% and operating margin of more than 70% (lawyers are expensive). As a whole, Nokia’s gross margin is around 40%, and its operating margin is 8.2%. Although the dates are unknown, Nokia’s licensing deal with Apple is believed to be up for renewal by the end of this year.
Analysts remain upbeat on the stock, with 18 of 25 brokerages having a Buy or Strong Buy rating, while the rest have Hold ratings. At a share price of around $4.60, the upside potential based on an average price target of $6.40 is 39%. At the high price target of $8.70, the upside potential is 89%.
Fourth-quarter revenue is forecast to come in at $7.72, up 26.2% sequentially and by 5.8% year over year. Adjusted EPS are forecast at $0.14, up 45.2% sequentially but down a penny year over year. For the full 2022 fiscal year, analysts are expecting Nokia to report EPS of $0.44, up 4%, on sales of $26.62 billion, up 5.3%.
Comcast stock trades at 10.6 times expected 2022 EPS, 9.1 times estimated 2023 earnings of $0.51 and 8.7 times estimated 2024 earnings of $0.53 per share. The stock’s 52-week range is $4.08 to $6.00. Comcast pays an annual dividend of $0.06 (yield of 1.3%). Total shareholder return over the past year is negative 15.6%.
Originally published at 24/7 Wall St.
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