康卡斯特（Comcast）将于10月22日盘前公布Q3财报，市场预期EPS同比降12.5%，关注宽带用户与利润率

Comcast ( CMCSA ) is scheduled to report third-quarter 2026 earnings on Thursday, October 22, before the market opens, with investors watching whether the company can stabilize broadband performance without further pressuring profitability. Analysts expect earnings per share of $0.98 , down 12.5% year over year, while revenue is forecast at $29.21B, compared with $31.2B in the year-ago quarter. Comcast has beaten EPS estimates in each of the past eight quarters and revenue estimates 75% of the time. However, recent estimate revisions point to a more cautious outlook: EPS forecasts have seen three upward and 13 downward revisions over the past three months, while revenue estimates have recorded no upward revisions and 15 downward revisions. Shares are down 26.5% year-to-date, and Seeking Alpha’s Quant Rating is Hold. In a bearish assessment, a Seeking Alpha analyst questioned whether Comcast is sacrificing profitability to deliver headline subscriber gains. The company has been using simpler pricing, price guarantees and free mobile lines to retain existing customers and attract new ones, but the incentives could weaken the long-term economics of its connectivity business, Ryan Canady argues . Comcast’s second-quarter 2026 results illustrate the challenge. The company added 448,000 mobile lines, taking its wireless customer base to 10M for the first time. However, it lost 167,000 domestic residential broadband customers and 280,000 domestic video customers. The media division was a bright spot, with revenue rising 25% in the second quarter, supported by a strong lineup of live and other popular programming. Profitability also weakened, with adjusted EBITDA falling 13.4% Y/Y to $8.9B. Comcast is also preparing for a major corporate restructuring. Earlier this year, the company announced plans to spin off NBCUniversal and Sky into a new company, holding businesses such as theme parks, film and television studios, and the Peacock streaming service. The separation will leave Comcast more focused on its connectivity businesses, where growth has slowed and broadband competition remains a key challenge. In the upcoming report, investors will look for evidence that subscriber losses are easing, wireless growth can help offset weakness in broadband, and the company can defend margins while using promotions to retain customers.