CMCSA: Comcast Stock Soars as Earnings Smash Estimates

Comcast (CMCSA) stock took off on Thursday alongside the release of the media and technology company’s Q1 2026 earnings report. The company reported adjusted earnings per share of 79 cents, compared to Wall Street’s estimate of 72 cents. Investors will note that the company’s adjusted EPS decreased 27.5% year-over-year from $1.09.

Comcast also reported revenue of $31.46 billion in Q1 2026, which was better than analysts’ estimate of $30.41 billion. The company’s revenue also increased roughly 5.3% from the $29.89 billion reported in Q1 2025. Comcast noted that its revenue was powered by a 12% year-over-year increase in Peacock subscribers, bringing the total to 46 million. This also resulted in Peacock revenue growth of 71%, which saw revenue surpass $2 billion for the first time.

Comcast stock was up 6.84% in pre-market trading on Thursday, following a 1.1% rally yesterday. The shares have increased 7.35% year-to-date but were still down 11.51% over the past 12 months.

Comcast Guidance

Comcast didn’t provide a formal guidance update in its latest earnings. However, co-CEOs Brian L. Roberts and Mike Cavanagh did comment on the quarter. They said, “2026 is an important year of execution, and we’re seeing tangible early signs our pivot is taking hold. Legendary February showcased the strength of our Media portfolio, leveraging the unmatched reach of the Milan Cortina Winter Olympics and the Super Bowl to drive record advertising and strong Peacock growth, while also powering our ability to market our connectivity products at scale.”

Is Comcast Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Comcast is Hold, based on four Buy, 11 Hold, and two Sell ratings over the past three months. With that comes an average CMCSA stock price target of $31.93, representing a potential 8.72% upside for the shares. These ratings and price targets will likely change as analysts update their coverage after today’s earnings report.