Comcast Income Statement Research
CMCSA Stock | USD 39.62 0.63 1.62% |
Comcast |
Most accounts from Comcast Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Comcast Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Comcast Corp Valuation and Comcast Corp Correlation analysis. For information on how to trade Comcast Stock refer to our How to Trade Comcast Stock guide.At present, Comcast Corp's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 4.3 B, whereas Minority Interest is forecasted to decline to about 308.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 77.9B | 83.2B | 84.8B | 89.1B | Total Revenue | 116.4B | 121.4B | 121.6B | 127.7B |
Comcast Corp income statement Correlations
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Comcast Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Comcast Corp income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 4.6B | 4.6B | 4.3B | 3.9B | 4.1B | 4.3B | |
Total Revenue | 108.9B | 103.6B | 116.4B | 121.4B | 121.6B | 127.7B | |
Gross Profit | 74.5B | 70.4B | 77.9B | 83.2B | 84.8B | 89.1B | |
Operating Income | 21.1B | 17.5B | 20.8B | 22.1B | 23.3B | 24.5B | |
Ebit | 21.1B | 17.5B | 20.8B | 22.1B | 24.7B | 25.9B | |
Ebitda | 33.9B | 30.7B | 36.8B | 35.9B | 39.0B | 41.0B | |
Cost Of Revenue | 34.4B | 33.1B | 38.5B | 38.2B | 36.8B | 38.6B | |
Income Before Tax | 17.0B | 14.1B | 19.1B | 9.3B | 20.5B | 21.5B | |
Net Income | 13.1B | 10.5B | 14.2B | 5.4B | 15.4B | 16.2B | |
Income Tax Expense | 3.7B | 3.4B | 5.3B | 4.4B | 5.4B | 5.6B | |
Minority Interest | 2.2B | 2.5B | 2.7B | 325M | 445M | 308.8M | |
Tax Provision | 3.7B | 3.4B | 5.3B | 4.4B | 5.3B | 3.4B | |
Net Interest Income | (4.6B) | (4.6B) | (4.3B) | (3.9B) | (4.0B) | (4.2B) |
Pair Trading with Comcast Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Comcast Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Comcast Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Comcast Stock
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Moving against Comcast Stock
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The ability to find closely correlated positions to Comcast Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comcast Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comcast Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comcast Corp to buy it.
The correlation of Comcast Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comcast Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comcast Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Comcast Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Comcast Corp Valuation and Comcast Corp Correlation analysis. For information on how to trade Comcast Stock refer to our How to Trade Comcast Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Comcast Stock analysis
When running Comcast Corp's price analysis, check to measure Comcast Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comcast Corp is operating at the current time. Most of Comcast Corp's value examination focuses on studying past and present price action to predict the probability of Comcast Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comcast Corp's price. Additionally, you may evaluate how the addition of Comcast Corp to your portfolios can decrease your overall portfolio volatility.
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Is Comcast Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comcast Corp. If investors know Comcast will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comcast Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.144 | Dividend Share 1.16 | Earnings Share 3.71 | Revenue Per Share 29.493 | Quarterly Revenue Growth 0.023 |
The market value of Comcast Corp is measured differently than its book value, which is the value of Comcast that is recorded on the company's balance sheet. Investors also form their own opinion of Comcast Corp's value that differs from its market value or its book value, called intrinsic value, which is Comcast Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comcast Corp's market value can be influenced by many factors that don't directly affect Comcast Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Comcast Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comcast Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comcast Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.