Analyst Consensus ?
ConsensusBuy58 ratings
Bullish3458.6%
Neutral2237.9%
Bearish23.5%
2 unmapped firm ratings excluded from the percentages.
Comcast Corporation · CMCSA · FY2026 Q2 · Calendar Q3 2026
Comcast Beats on EPS and Revenue as Peacock Turns Profitable and Wireless Hits 10M Lines
Comcast delivered Q2 2026 results that beat consensus on both EPS ($1.04 vs. $0.97) and revenue ($29.9B vs. $29.2B), anchored by two milestones: Peacock's first profitable quarter and record wireless net additions of 448,000 lines. The company is simultaneously executing a strategic separation into two independent companies within approximately one year, adding a structural catalyst. However, broadband ARPU declined 3.8% from free-line promotions, Orlando park attendance softened in June, and the separation introduces execution risk. The stock fell 5.6% on the event session before recovering 10.4% in subsequent drift, suggesting initial skepticism gave way to a more constructive read. Analyst consensus target of $28.20 implies meaningful upside from the current $24.19.
Reported Before market openNASDAQCommunication Services
$85.84B market cap
100quality score
Company context
Snapshot as of publicationComcast Corporation functions as a global media and technology conglomerate. Its diverse operations are segmented across Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications division delivers internet, television, phone, and mobile services to residential and business clients under its Xfinity brand, alongside offering advertising solutions. Its Media segment encompasses NBCUniversal's television and streaming platforms, including its national, regional, and international cable channels, the NBC and Telemundo broadcast networks, and the Peacock streaming service.…
Earnings scorecard
Reported versus consensus
Reported EPS
$1.04
Consensus $1
EPS surprise
+7.2%
Reported versus consensus
Reported revenue
$29.94B
Consensus $29.24B
Revenue surprise
+2.4%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$24.19Previous close
$23Low
$43.04Average
$75High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Jul 29, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Underweight | Underweight | Maintain | Jul 24, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Jul 24, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 24, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 24, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Jul 15, 2026 |
| BNP Paribas | Underperform | Underperform | Maintain | Jul 14, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 7, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 2, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Jun 30, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Apr 24, 2026 |
| Citigroup | Buy | Buy | Maintain | Apr 24, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jan 30, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Jan 16, 2026 |
| B of A Securities | Buy | Neutral | Upgrade | Jan 12, 2026 |
| Benchmark | Buy | Buy | Maintain | Jan 6, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | Oct 31, 2025 |
| Keybanc | Overweight | Downgrade | Oct 31, 2025 | |
| JP Morgan | Neutral | Neutral | Maintain | Oct 31, 2025 |
| UBS | Neutral | Neutral | Maintain | Aug 1, 2025 |
| Oppenheimer | Outperform | Outperform | Maintain | Apr 25, 2025 |
| Pivotal Research | Buy | Buy | Maintain | Jan 31, 2025 |
| Macquarie | Neutral | Neutral | Maintain | Jan 31, 2025 |
| Loop Capital | Buy | Buy | Maintain | Jan 2, 2025 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | Apr 9, 2024 |
| Redburn Atlantic | Neutral | Buy | Downgrade | Feb 15, 2024 |
| Argus Research | Buy | Buy | Maintain | Aug 9, 2023 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Aug 2, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Apr 28, 2023 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Apr 18, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jan 27, 2023 |
| Truist Securities | Buy | Hold | Upgrade | Jan 5, 2023 |
| Redburn Partners | Neutral | Buy | Downgrade | Aug 5, 2022 |
| Daiwa Capital | Outperform | Outperform | Maintain | Jul 1, 2022 |
| Raymond James | Market Perform | Outperform | Downgrade | Oct 11, 2021 |
| TD Securities | Buy | Hold | Upgrade | Jan 26, 2021 |
| Guggenheim | Neutral | Buy | Downgrade | May 19, 2020 |
| Nomura | Neutral | Neutral | Maintain | Apr 22, 2020 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Apr 3, 2020 |
| Baird | Neutral | Outperform | Downgrade | Mar 23, 2020 |
| MoffettNathanson | Buy | Neutral | Upgrade | Feb 4, 2020 |
| Moffett Nathanson | Neutral | Buy | Downgrade | Sep 24, 2018 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Bank of America | Buy | Buy | Maintain | Jan 25, 2018 |
| Nomura Instinet | Neutral | Buy | Downgrade | Jan 18, 2018 |
| Instinet | Neutral | Buy | Downgrade | Jan 18, 2018 |
| Buckingham | Buy | Buy | Maintain | Nov 21, 2017 |
| Pacific Crest | Overweight | Downgrade | Jan 27, 2017 | |
| HSBC | Buy | Buy | Maintain | Jan 19, 2017 |
| Wunderlich Securities | Buy | Buy | Maintain | Sep 16, 2015 |
| Wunderlich | Buy | Buy | Maintain | Sep 16, 2015 |
| Canaccord Genuity | Buy | Buy | Maintain | Jul 24, 2015 |
| Brean Capital | Buy | Buy | Maintain | Jul 1, 2015 |
| Jefferies | Buy | Buy | Maintain | Apr 27, 2015 |
| Maxim Group | Hold | Buy | Downgrade | Nov 12, 2014 |
| Buckingham Research | Buy | Buy | Maintain | Dec 19, 2013 |
| Northland Securities | Outperform | Outperform | Maintain | Dec 4, 2013 |
| Stifel Nicolaus | Buy | Buy | Maintain | Feb 14, 2013 |
| Stifel | Buy | Buy | Maintain | Feb 14, 2013 |
| ISI Group | Buy | Buy | Maintain | Jan 28, 2013 |
| Janney Capital | Buy | Buy | Maintain | Sep 10, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $24.19. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Jonathan Atkin | $26 | $22.17 | +7.5% | Jul 24, 2026 |
| Scotiabank | Maher Yaghi | $29 | $22.41 | +19.9% | Jul 24, 2026 |
| Morgan Stanley | Sean Diffley | $29 | $21.92 | +19.9% | Jul 24, 2026 |
| Wells Fargo | Edward Kelly | $23 | $21.92 | -4.9% | Jul 24, 2026 |
| Barclays | Kannan Venkateshwar | $26 | $21.92 | +7.5% | Jul 24, 2026 |
| Scotiabank | Maher Yaghi | $32.75 | $23.55 | +35.4% | Jul 15, 2026 |
| Bernstein | Laurent Yoon | $28 | $24.13 | +15.8% | Jul 13, 2026 |
| Morgan Stanley | Sean Diffley | $30 | $24.1 | +24.0% | Jul 7, 2026 |
| Wells Fargo | Steven Cahall | $28 | $23.38 | +15.8% | Jul 7, 2026 |
| Goldman Sachs | Analyst unavailable | $26 | $23.73 | +7.5% | Jul 2, 2026 |
| Deutsche Bank | Bryan Kraft | $32 | $24.22 | +32.3% | Jun 30, 2026 |
| RBC Capital | Jonathan Atkin | $32 | $29.02 | +32.3% | Apr 24, 2026 |
| Morgan Stanley | Sean Diffley | $33 | $29.33 | +36.4% | Apr 24, 2026 |
| Evercore ISI | Analyst unavailable | $36 | $29.42 | +48.8% | Apr 24, 2026 |
| Deutsche Bank | Bryan Kraft | $34 | $31.64 | +40.6% | Apr 24, 2026 |
| Goldman Sachs | Analyst unavailable | $29 | $31.64 | +19.9% | Apr 23, 2026 |
| BNP Paribas | Analyst unavailable | $27 | $31.63 | +11.6% | Feb 24, 2026 |
| Scotiabank | Analyst unavailable | $35.25 | $29.41 | +45.7% | Jan 30, 2026 |
| Bernstein | Analyst unavailable | $32 | $28.35 | +32.3% | Jan 16, 2026 |
| Barclays | Kannan Venkateshwar | $28 | $29.06 | +15.8% | Jan 13, 2026 |
| UBS | Analyst unavailable | $37 | $28.37 | +53.0% | Jan 12, 2026 |
| Scotiabank | Analyst unavailable | $37.5 | $27.75 | +55.0% | Jan 7, 2026 |
| UBS | Analyst unavailable | $44 | $27.52 | +81.9% | Jan 6, 2026 |
| Arete Research | Andrew Beale | $23 | $28.13 | -4.9% | Jan 6, 2026 |
| UBS | John Hodulik | $36 | $30.09 | +48.8% | Dec 18, 2025 |
| Morgan Stanley | Benjamin Swinburne | $31 | $26.79 | +28.2% | Dec 10, 2025 |
| Rosenblatt Securities | Barton Crockett | $30 | $26.73 | +24.0% | Dec 1, 2025 |
| Oppenheimer | Timothy Horan | $38 | $26.98 | +57.1% | Nov 4, 2025 |
| BNP Paribas | Sam McHugh | $28 | $26.98 | +15.8% | Nov 4, 2025 |
| Barclays | Analyst unavailable | $30 | $27.84 | +24.0% | Nov 3, 2025 |
| Evercore ISI | Analyst unavailable | $35 | $27.36 | +44.7% | Oct 31, 2025 |
| Morgan Stanley | Analyst unavailable | $32 | $27.38 | +32.3% | Oct 31, 2025 |
| Scotiabank | Maher Yaghi | $41.5 | $27 | +71.6% | Oct 31, 2025 |
| Williams Trading | Gregory Williams | $40 | $27.18 | +65.4% | Oct 31, 2025 |
| UBS | Analyst unavailable | $32 | $27 | +32.3% | Oct 31, 2025 |
| UBS | Analyst unavailable | $34 | $26.72 | +40.6% | Oct 31, 2025 |
| Goldman Sachs | Michael Ng | $30 | $27 | +24.0% | Oct 31, 2025 |
| Morgan Stanley | Analyst unavailable | $35 | $31.09 | +44.7% | Oct 7, 2025 |
| Scotiabank | Analyst unavailable | $45.5 | $30.9 | +88.1% | Oct 6, 2025 |
| UBS | Analyst unavailable | $43 | $30.4 | +77.8% | Oct 3, 2025 |
| Bernstein | Analyst unavailable | $36 | $33.48 | +48.8% | Sep 10, 2025 |
| RBC Capital | Jonathan Atkin | $38 | $33.83 | +57.1% | Sep 8, 2025 |
| Morgan Stanley | Benjamin Swinburne | $40 | $34.4 | +65.4% | Jul 16, 2025 |
| UBS | Analyst unavailable | $44.5 | $33.9 | +84.0% | Apr 25, 2025 |
| Scotiabank | Maher Yaghi | $44.5 | $33.7 | +84.0% | Apr 25, 2025 |
| Morgan Stanley | Benjamin Swinburne | $37 | $33.58 | +53.0% | Apr 25, 2025 |
| Barclays | Kannan Venkateshwar | $37 | $33.19 | +53.0% | Feb 3, 2025 |
| Bernstein | Laurent Yoon | $38 | $33.66 | +57.1% | Jan 31, 2025 |
| Seaport Global | David Joyce | $46 | $39.53 | +90.2% | Dec 11, 2024 |
| Scotiabank | Jeff Fan | $47.75 | $42.23 | +97.4% | Oct 18, 2024 |
| Citigroup | Michael Rollins | $47 | $42.25 | +94.3% | Oct 17, 2024 |
| Goldman Sachs | Michael Ng | $48 | $39.13 | +98.4% | Sep 10, 2024 |
| Loop Capital Markets | Brandon Nispel | $44 | $38.09 | +81.9% | Jul 24, 2024 |
| Deutsche Bank | Bryan Kraft | $49 | $37.48 | +102.6% | Jul 24, 2024 |
| Pivotal Research | Jeffrey Wlodarczak | $48 | $37.87 | +98.4% | Apr 25, 2024 |
| Deutsche Bank | Bryan Kraft | $53 | $43.35 | +119.1% | Apr 1, 2024 |
| Rosenblatt Securities | Barton Crockett | $44 | $39.64 | +81.9% | Oct 27, 2023 |
| Credit Suisse | Douglas Mitchelson | $50 | $41.16 | +106.7% | Apr 28, 2023 |
| KeyBanc | Brandon Nispel | $44 | $38.01 | +81.9% | Apr 4, 2023 |
| Barclays | Analyst unavailable | $36 | $39.97 | +48.8% | Feb 2, 2023 |
| Wells Fargo | Steven Cahall | $38 | $35.86 | +57.1% | Dec 5, 2022 |
| Atlantic Equities | Hamilton Faber | $44 | $40 | +81.9% | Aug 15, 2022 |
| Barclays | Kannan Venkateshwar | $42 | $38.48 | +73.6% | Aug 4, 2022 |
| Scotiabank | Maher Yaghi | $49.5 | $39.96 | +104.6% | Jul 11, 2022 |
| TD Securities | Vince Valentini | $60 | $39.8 | +148.0% | Jul 6, 2022 |
| Wells Fargo | Analyst unavailable | $40 | $40.96 | +65.4% | Apr 29, 2022 |
| Rosenblatt Securities | Barton Crockett | $51 | $45.2 | +110.8% | Apr 25, 2022 |
| Oppenheimer | Timothy Horan | $60 | $46.86 | +148.0% | Apr 19, 2022 |
| Truist Financial | Greg Miller | $50 | $47.12 | +106.7% | Mar 3, 2022 |
| BNP Paribas | Kohulan Paramaguru | $52 | $45.13 | +115.0% | Feb 23, 2022 |
| Goldman Sachs | Brett Feldman | $60 | $49.72 | +148.0% | Jan 30, 2022 |
| Cowen & Co. | Gregory Williams | $64 | $49.44 | +164.6% | Jan 28, 2022 |
| Wolfe Research | John Janedis | $63 | $47.74 | +160.4% | Jan 27, 2022 |
| RBC Capital | Steven Cahall | $60 | $50.07 | +148.0% | Jan 24, 2022 |
| Goldman Sachs | Brett Feldman | $62 | $51.68 | +156.3% | Jan 17, 2022 |
| Bank of America Securities | Jessica Reif Cohen | $68 | $51.39 | +181.1% | Jan 14, 2022 |
| Citigroup | Michael Rollins | $53 | $47.67 | +119.1% | Dec 15, 2021 |
| UBS | John Hodulik | $52 | $48.25 | +115.0% | Dec 14, 2021 |
| Deutsche Bank | Bryan Kraft | $62 | $47.94 | +156.3% | Dec 10, 2021 |
| Loop Capital Markets | Alan Gould | $67 | $50.97 | +177.0% | Nov 22, 2021 |
| Benchmark Co. | Matthew Harrigan | $75 | $55.94 | +210.0% | Oct 4, 2021 |
| Oppenheimer | Timothy Horan | $75 | $57.25 | +210.0% | Jul 29, 2021 |
| Redburn Partners | Stephen Malcolm | $70 | $55.34 | +189.4% | Jun 25, 2021 |
| Berenberg Bank | Sunil Rajgopal | $64 | $54.6 | +164.6% | May 24, 2021 |
| Argus Research | Joseph Bonner | $67 | $56.41 | +177.0% | May 10, 2021 |
| Evercore ISI | Vijay Jayant | $60 | $55.49 | +148.0% | May 3, 2021 |
Track every rating change on CMCSA the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
-6.8%
Event window
SPY move
-1.2%
Same window
Abnormal move
-5.6%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
+10.4%
Up to 20 sessions
CMCSASPY benchmark
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Try FN2 freeTranscript intelligence
What changed
Peacock reached its first quarter of profitability at $189M EBITDA with 48M paid subscribers, fulfilling prior-quarter guidance. Wireless net additions set a record at 448,000 lines, growing the base to 10.2 million and 7% market penetration. Comcast announced plans to separate into two independent, investment-grade companies targeting completion within approximately one year. Sky proposed acquiring ITV's media and entertainment business to strengthen its UK position, a new development not discussed in the prior quarter. Orlando theme park attendance softened in June due to higher travel costs and weaker consumer sentiment, a shift from the strong attendance reported in Q1. Broadband ARPU declined 3.8% year-over-year due to free-line promotions, compared to the prior quarter where broadband subscriber losses had improved for the first time since 2020.
Guidance delta
Management maintained guidance sentiment with an increasing capex outlook. No formal raise or cut was signaled. Forward initiatives include accelerating free-line-to-paid wireless conversion, completing the corporate separation within approximately one year, and advancing Sky's proposed ITV acquisition.
Key takeaways
- Peacock achieved its first quarter of profitability, generating $189M EBITDA with 48M paid subscribers, up 2 million from the prior quarter
- Wireless posted a record 448,000 net line additions, bringing the total to 10.2 million lines and 7% market penetration
- The planned separation of Comcast into two independent, investment-grade companies is on track for completion within approximately one year
- Broadband ARPU declined 3.8% due to free-line promotions, with conversion to paid wireless plans expected to drive future improvement
- Sky proposed acquiring ITV's media and entertainment business to strengthen its UK competitive position
- Orlando theme park attendance softened in June on higher travel costs and weaker consumer sentiment, though long-term park outlook remains positive
Management priorities
- Complete the separation into two independent, investment-grade companies within approximately one year
- Accelerate conversion of free wireless lines to paid plans and grow premium unlimited offerings
- Continue investment in AI-enabled, low-latency network infrastructure
- Expand T-Mobile MVNO partnership for business customers
- Develop new attractions at Epic Universe and advance UK park construction
- Complete Sky's proposed acquisition of ITV's media and entertainment business
Related earnings events
Communication ServicesSources
- Earnings call transcript and parsed analysis · 2026-07-23T18:03:57.540078+00:00
- FN2 earnings calendar · 2026-07-29T01:23:15.868211+00:00
- Polygon adjusted daily market bars · 2026-07-29T09:04:24.250721+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-29T09:04:24.248057+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.