In this article CMCSA Follow your favorite stocks CREATE FREE ACCOUNT A Comcast service van in Miami. Getty Images Comcast reports second-quarter earnings before the bell on Tuesday, and Wall Street will be paying close attention to subscriber growth — for both the broadband and streaming businesses. Here is how Comcast is expected to perform, according to estimates from analysts surveyed by LSEG: Earnings per share: $1.
12 expected Revenue: $30.02 billion expected Broadband remains the driver of Comcast's overall business. However, like its cable broadband peers, Comcast has seen subscriber additions slump in recent quarters.
The company has said macroeconomic factors, namely the slowdown in buying and selling of houses due to high interest rates, which has caused a decline in new home internet connections, are to blame. There's also been heightened competition for home broadband from wireless providers such as T-Mobile and Verizon . The early effects of the recent termination of the federal government's Affordable Connectivity Program will likely also be top of mind.
The program, which ended on June 1 due to lack of funding, allowed Americans to receive broadband at a discount. More than 23 million U.S.
households were enrolled as of early February, when the program stopped accepting new enrollments. Peacock, the streaming platform of Comcast's NBCUniversal, will also be in focus. Last quarter Peacock had a total of 34 million customers.
The company touted the streamer as .