FMP
Jul 24, 2024 1:22 PM - Davit Kirakosyan
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Loop Capital analysts reaffirmed a Buy rating for Comcast (NASDAQ:CMCSA) and maintained the price target at $54. Despite reporting lower broadband subscriber losses than anticipated and minimal impact from the Affordable Connectivity Program (ACP) on Q2 results, Comcast's overall revenue fell short on the media side. However, both connectivity and total company EBITDA surpassed expectations by approximately $120 million.
The analysts adjusted the Q3 EBITDA estimate, reducing it by about $375 million due to lower projections for media and theme parks, partially offset by an improved film forecast. For the full year, the EBITDA estimate has been trimmed by around $125 million, which is just a 0.3% decrease. Conversely, the 2025 EBITDA estimate has been increased by a similar amount.
The company confirmed its NBA deal, which was already factored into previous projections. Despite these adjustments, the analysts remain optimistic about Comcast's ability to capitalize on the media environment.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...