Customers enter an Xfinity Store by Comcast on February 24, 2025 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)
Justin Sullivan | Getty Images
Comcast reports its second-quarter earnings Thursday morning, and once again the company’s broadband business will be the focus for investors.
Comcast and its cable peers have been suffering from a slowdown in broadband growth in recent years, impacting the companies’ stocks.
Here is how Comcast is expected to perform for the second quarter, according to estimates from analysts surveyed by LSEG:
Earnings per share: $1.18 expectedRevenue: $29.81 billion expected
Last week Charter Communications — the second largest broadband provider in the country — reported worse than expected broadband customer losses for its most recent quarter.
Charter’s stock had its worst day on record last Thursday, dropping 18%, and dragging down the stock prices of Comcast and other industry peers.
Charter has agreed to merge with Cox Communications, and that transaction is pending.
Charter and Comcast stocks have suffered due to a slowdown in broadband customer growth.
Comcast’s stock experienced a similar drop when the company reported first-quarter earnings in May and recorded 199,000 fewer domestic broadband customers.
Cable companies have been facing heightened competition due to the rise of alternative home options like 5G, or so-called fixed wireless.
During Comcast’s first-quarter earnings call in April, executives outlined changes to its broadband strategy in the midst of customer stagnation.
The company, which offers broadband and other services under the Xfinity brand, said it would address what executives identified at the time as a “disconnect” when it comes to “price transparency and predictability and the level of ease of doing business with us.”
Disclosure: Comcast is the parent company of CNBC.
This story is developing. Please check back for updates.
