Comcast is set to report second-quarter earnings before the bell Thursday.
Here’s what Wall Street expects:
- Earnings: 60 cents per share, according to Thomson Reuters consensus estimates
- Revenue: $21.86 billion, according to Thomson Reuters consensus estimates
- Net increase of 195,000 high-speed internet customers forecast by FactSet consensus estimates
The report comes on the heels of a busy quarter of evolving M&A strategy for media giant, which owns CNBC parent NBCUniversal. Comcast has been in bidding wars for U.K. broadcaster Sky and 21st Century Fox assets, but last week abandoned its bid for Fox.
Comcast’s pursuit of new media assets comes amid consistent declines in video customers for the last four quarters, according to FactSet.
Last quarter, though, NBCUniversal posted the strongest revenue growth, bolstered by NBC’s coverage of the 2018 Winter Olympics and the Super Bowl.
Wall Street revenue projections for the second quarter without those one-time boosts represent a 3 percent year-over-year upside. Earnings per share estimates represent a 16 percent increase from the year-earlier quarter.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.
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