CMCSA

Comcast reported Q3 2026 revenue of $29.3 billion, down 6.1% year-over-year and slightly missing consensus estimates. While the company beat EPS expectations at $1.07 vs. $0.98 estimate, it faced headwinds across key metrics including wireless line additions, video customer losses, and significant declines in media and video revenues. The stock received a Zacks Rank #4 (Sell) rating.

Comcast reported Q3 2026 adjusted EPS of $1.07, beating estimates by 9.2%, but consolidated revenues fell 6.1% YoY to $29.3B, missing consensus. Wireless service revenues grew 14.7% and Peacock reached 48M subscribers with profitability, while broadband and video segments faced headwinds. Free cash flow declined to $4.21B as the company paused share repurchases ahead of its planned business separation.

Comcast trades at a low valuation of 6x forward earnings with a 6% dividend yield, but the article advises caution. While upcoming spinoffs of NBCUniversal and Sky could unlock value and speculation about a Charter merger exists, significant headwinds persist including projected subscriber losses of 558,000 in 2026 and 665,000 in 2027, with earnings expected to decline from $4.10 to $3.48-$3.59 per share. The author recommends avoiding bottom-fishing Comcast shares until subscriber losses stabilize.