Much of Comcast's Q2 Profit Growth Came From 2 Businesses -- and That's a Problem for the Stock
An earnings beat is an earnings beat, regardless of how it happens. Once the dust settles, though, a company must still drive sustained growth to remain investment-worthy.
That's a potential problem for owners of (NASDAQ: CMCSA) stock. The cable and media giant topped sales and earnings expectations in the second quarter, reporting net income growth of nearly 5%. The bulk of that growth, however, came from two of its businesses that won't likely repeat the feat. Meanwhile, its core businesses continue to flounder.
What does this all mean for investors? Let's find out.
Source Fool.com
Comcast Corp. Stock
€35.35
0.440%
We see a rather positive sentiment for Comcast Corp. with 19 Buy predictions and 1 Sell predictions.
As a result the target price of 44 € shows a positive potential of 24.47% compared to the current price of 35.35 € for Comcast Corp..
