Comcast is set to report earnings. Here's what to expect

Comcast will study its 3rd quarterly net of 2022 earlier the bell, and investors volition person an oculus connected the authorities of the broadband business. 

Here's what Wall Street expects Comcast to study connected Thursday morning, according to analysts surveyed by Refinitiv:

• Earnings per share: 90 cents
• Revenue: $29.65 billion

During the erstwhile 4th the cable, net and amusement institution reported for the archetypal clip ever that it didn't adhd immoderate caller broadband subscribers, compounding Wall Street's concerns that cablegram companies similar Comcast and Charter Communications are experiencing a shift successful their cardinal concern owed to accrued competition. 

Comcast's banal deed a 52-week debased of $28.39 connected Oct. 13. The banal has been trading this week astatine astir $31, down astir 40% from its 52-week high. 

Earlier this month, Morgan Stanley said successful an expert enactment it was lowering its expectations for broadband lawsuit additions for cablegram companies arsenic stocks are trading astatine their lowest multiples successful implicit a decade. 

Besides broadband, Comcast's cablegram portion besides includes its pay-TV and mobile telephone businesses. As consumers proceed to chopped the cord successful favour of streaming services, Comcast and its peers person continued to suffer pay-TV customers each quarter. However, cablegram companies' mobile businesses person been increasing astatine a accelerated clip successful caller quarters.

Meanwhile, investors volition besides look to Comcast's NBCUniversal concern – comprised of its TV networks, streaming and Universal movie studios and taxable parks – for signs of a slowdown successful the advertizing marketplace owed to expanding inflation. 

In addition, immoderate updates astir Peacock, NBCUniversal's reply to the streaming wars, volition beryllium of involvement to Wall Street arsenic Netflix, the apical streaming company, experienced a slowdown successful subscriber maturation earlier this twelvemonth and is soon rolling retired its ad-supported tier 

Peacock, which has had an ad-supported premium tier since its inception successful 2020, has 15 cardinal paying subscribers and 30 cardinal progressive accounts, NBCUniversal CEO Jeff Shell said during an interrogation connected CNBC earlier this month. The fledgling streaming work has gotten its biggest boosts from contented specified arsenic sports and movie offerings, the institution has said. 

Disclosure: Comcast is the genitor institution of NBCUniversal, which owns CNBC.