Post-Earnings Review - Comcast

LONDON, March 23, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free post-earnings review on Comcast Corp. (NASDAQ: CMCSK). On February 24, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Comcast&d=23-Mar-2015&s=CMCSK to read our free earnings review on Comcast Corporation (Comcast). During Q4 FY14 and FY14, the company's consolidated revenue improved 4.8% Y-o-Y and 6.4% Y-o-Y, respectively. Additionally, Comcast's earnings per share rose by 2.8% Y-o-Y in Q4 FY14 and 25.0% Y-o-Y in FY14. Chairman and CEO of Comcast, Brian L. Roberts, stated that 2014 was a great year financially, operationally, and strategically for Comcast NBCUniversal. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Comcast&d=23-Mar-2015&s=CMCSK

Earnings Overview 

During Q4 FY14, Comcast's consolidated revenue stood at $17.73 billion, compared to $16.93 billion in Q4 FY13. The company's Q4 FY14 consolidated revenue outperformed Bloomberg analysts' forecast of $17.69 billion. In Q4 FY14, Comcast's Cable Communications' revenue improved 6.1% Y-o-Y to $11.31 billion. Further, NBCUniversal, a subsidiary of Comcast, reported a 2.3% Y-o-Y rise in its revenue to $6.62 billion, during the reported quarter. Free research on CMCSK can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Comcast&d=23-Mar-2015&s=CMCSK

In Q4 FY14, net income attributable to Comcast stood at $1.93 billion, or $0.74 per diluted share, compared to $1.91 billion, or $0.72 per diluted share, in Q4 FY13. Bloomberg analysts estimated net income attributable to Comcast of $2.02 billion, or $0.78 per diluted share, for Q4 FY14. Moreover, excluding adjustments, income attributable to Comcast came in at $1.99 billion, or $0.77 per diluted share, in Q4 FY14 compared to $1.76 billion, or $0.66 per diluted share, in Q4 FY13.

Comcast's free cash flow grew 18.0% Y-o-Y during Q4 FY14 to $1.69 billion, reflecting improvements in working capital and growth in consolidated operating cash flow, partially offset by increased capital expenditures and cash taxes on operating items. During Q4 FY14, the company paid dividends totaling $580 million and repurchased 36.8 million of its common shares for $2.0 billion.

For FY14, Comcast reported consolidated revenue of $68.78 billion, compared to $64.66 billion in FY13. The company's FY14 consolidated revenue outperformed Bloomberg analysts' forecast of $68.73 billion. Excluding $1.10 billion of revenue generated by the Sochi Olympics in Q1 FY14, consolidated revenue in FY14 increased 4.7% Y-o-Y to $67.67 billion. In FY14, Cable Communications' revenue improved 5.5% Y-o-Y to $44.14 billion. NBCUniversal's revenue grew 7.5% Y-o-Y to $25.43 billion during FY14. Excluding revenue generated by Sochi Olympics, in Q1 FY14, NBCUniversal's revenue increased 2.9% Y-o-Y to $24.33 billion in FY14. Sign up and read the free analyst's notes on CMCSK at:

http://get.Investor-Edge.com/pdf/?c=Comcast&d=23-Mar-2015&s=CMCSK

In FY14, net income attributable to Comcast was $8.38 billion, or $3.20 per diluted share, compared to $6.82 billion, or $2.56 per diluted share, in FY13. Bloomberg analysts estimated FY14 net income attributable to Comcast of $8.47 billion, or $3.24 per diluted share. Furthermore, excluding adjustments, income attributable to Comcast stood at $7.68 billion, or $2.93 per diluted share, in FY14, compared to $6.59 billion, or $2.47 per diluted share, in FY13.

During FY14, Comcast repurchased 80.6 million of its common shares for $4.25 billion and made four cash dividend payments totaling $2.3 billion, resulting in a total return of capital to shareholders of $6.5 billion.

Mr. Roberts said that Comcast continued to execute incredibly well as it accelerated its innovation, launched new products, and brought amazing films, shows and theme park attractions to consumers. The company enters FY15 with great momentum and significant opportunities ahead, and it looks forward to receiving regulatory approval for the Time Warner Cable merger, he added.

On February 24, 2015, Comcast's Board of Directors announced an increase in its stock repurchase program authorization to $10.0 billion. At this time, Comcast plans to repurchase $4.25 billion in FY15, subject to market conditions. Moreover, additional stock repurchases will be determined after the closing of the Time Warner Cable merger and subsequent divestiture transactions. The Board also declared a quarterly cash dividend of $0.25 a share, payable on April 22, 2015 to shareholders of record as of the close of business on April 01, 2015. Visit Investor-Edge and access the latest research on CMCSK at:

http://get.Investor-Edge.com/pdf/?c=Comcast&d=23-Mar-2015&s=CMCSK

Stock Performance 

On the day of the earnings release, February 24, 2015, Comcast's stock gained 1.47% to end the session at $58.78. Since then, the stock has moved both ways with gains outperforming losses. On the last close, Friday, March 20, 2015, the company's shares finished 1.11% higher at $59.15 after vacillating between $58.64 and $59.29. A total of 3.29 million shares were traded which was above their three months average volume of 2.50 million shares. Over the past one year, the company's shares have surged 21.58%. Further, the stock has gained 1.77% over the last one month and 3.68% in the previous three months. Shares in Comcast are trading above their 50-day and 200-day moving averages of $57.30 and $55.07, respectively.

Sneak Peek to Corporate Insider Trading 

In the last one month, Comcast has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on CMCSK is available at:

http://get.Investor-Edge.com/pdf/?c=Comcast&d=23-Mar-2015&s=CMCSK

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