Comcast is expected to report earnings for its fourth quarter 2018 on Wednesday.
Here are the key numbers Wall Street is expecting:
- Earnings: 62 cents per share expected per analyst survey by Refinitiv
- Revenue: $27.553 billion expected per Refinitiv survey
- High-speed internet customers: 360,000 net adds expected per FactSet consensus estimate
Last quarter, Comcast beat analyst estimates on the top and bottom lines in what CEO Brian Roberts said was the company’s “best broadband quarter in 10 years” in an interview on CNBC after the report.
The company has sought to diversify as its video segment has steadily declined over the past several quarters and is expected to fall again this quarter, according to FactSet estimates. The company finalized its acquisition of the British broadcaster Sky last quarter after an extensive bidding war with Twenty-First Century Fox. Comcast bid $39 billion for the takeover, outbidding Fox by $3.6 billion.
Investors will also likely hear about NBCUniversal’s recently announced plans to enter the streaming space on Wednesday’s earnings call. Earlier this month, the NBCUniversal said it will launch a free, ad-supported streaming service to pay-TV subscribers, including those who subscribe to rival services including Charter, AT&T, Cox and Dish. The service will also be accessible to non-pay-TV subscribers for about $12 per month, a person familiar with the company’s plans told CNBC. NBCUniversal said the service will be available in the first quarter of 2020.
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Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.