Comcast stock is the only TV entertainment “buy,” these 2 others are sad

Amid soaring prices, entertainment giants have failed to maintain their optimal pandemic-era performances. However, demand for TV entertainment remains strong. Quality TV entertainment stock Comcast (CMCSA) may be worth buying now. However, the fundamentally weak DISH Network ( DISH ) and WideOpenWest ( WOW ) can be overlooked. Continue reading… – StockNews

The TV entertainment industry has suffered greatly amid record high prices, with major entertainment giants failing to maintain their pandemic-era subscription rates. However, watching TV remains the most popular leisure activity.

According to the report, Men spend 3 hours a day watching TVThe woman spent 2.70 hours. Demand for daily TV content is strong and should bode well for the TV entertainment industry.

Furthermore, investors’ interest in entertainment stocks is evident from the Invesco Dynamic Leisure and Entertainment ETF’s.PEJ) gained 4.8% in the last month. Additionally, the global entertainment and media market size is estimated growing at a CAGR of 5.9% From 2022 to 2028.

In the background, top-rated TV entertainment stock Comcast Corp. (CMCSA) can be a solid addition to your portfolio. However, the fundamentally weak Dish Network Corporation (dish) and WideOpenWest, Inc. (WOW) can now be ignored.

Stock to buy:

Comcast Corporation (CMCSA)

CMCSA, America’s largest cable provider to small and medium-sized businesses, operates as a global media and technology company. It operates through cable communication; the media; studio; theme park; and sky segments.

On August 22, 2022, CMCSA launched an additional multi-Gig Internet speed tier for Xfinity and CMCSA business customers in Colorado Springs. This launch makes for the fastest upload speeds ever and is a historic addition to CMCSA’s portfolio.

Additionally, on August 1, 2022, CMCSA announced that Fortinet (FTNTA global leader in comprehensive, integrated, and automated cyber security solutions to offer enterprises a new set of Secure Access Service Edge (SASE) and Security Service Edge (SSE) solutions. This collaboration is expected to increase business opportunities for both companies.

CMCSA’s revenue came in at $30.02 billion in the second quarter ended June 30, 2022, up 5.1% year over year. its adjustment EBITDA rose 10.1% year-over-year to $9.83 billion. Furthermore, the company’s adjusted net income came in at $4.51 billion, up 14.3% year-over-year.

Analysts expect CMCSA’s revenue to grow 4.6% year over year to $121.72 billion in the current year. Its EPS is forecast to grow 11.1% year-over-year to $3.59 in 2022. It has exceeded EPS estimates in all four trailing quarters. Shares of CMCSA fell marginally intraday to close the last trading session at $37.24.

of CMCSA POWR ratings Reflect on this promising approach. The company has an overall rating of B, which translates to a buy on our proprietary rating system. The POWR Rating evaluates stocks by 118 different factors, each with its own weight.

CMCSA has a B grade in consistency and quality. inside Entertainment – TV and Internet providers industry, it ranks #1 among nine stocks. Click here View additional POWR ratings for sentiment, value, growth, and momentum for CMCSA.

Stocks to Avoid:

Dish Network Corporation (dish)

DISH and its subsidiaries offer Pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It has approximately 10.71 million pay-TV subscribers in the United States, including 8.22 million Dish TV subscribers and 2.49 million SLING TV subscribers.

On July 21, 2022, DISH announced the launch of ViX+ on DISH TV and SLING TV, enabling customers to subscribe to ViX+ directly through its platforms. However, declining subscribers may hinder optimal benefits from this launch. The company’s Sling TV subscribers came in at 2.20 million last quarter, down 9.9% year-over-year.

DISH’s total revenue came in at $4.21 billion in the second quarter ended June 30, 2022, down 6.2% year-over-year. Its net income fell 22.1% year-over-year to $522.83 million. Furthermore, the company’s EPS fell 22.6% year-over-year to $0.82.

Analysts expect DISH’s revenue to fall 5.8% year-over-year to $16.85 billion in the current year. Its EPS is projected to decline 33% year-over-year to $2.54 in 2022. It has missed EPS estimates in three of the last four quarters. In the last year, the stock has lost 59.7% to close the last trading session at $17.40.

DISH’s POWR ratings are consistent with this bleak outlook. It has an overall D rating, equivalent to a sell in our rating system. DISH has an F grade for quality and a D for growth. It is ranked #8 in the same industry.

We also rated DISH for price, speed, feel and stability. Get all the DISH ratings here.

WideOpenWest, Inc. (WOW)

WOW provides high-speed data, cable television, and digital telephony services to residential and commercial customers in the United States. It currently serves approximately 1.90 million homes and businesses and 532,900 customers in the states of Alabama, Florida, Georgia, Michigan, South Carolina and Tennessee.

WOW’s total revenue came in at $176.10 million for the second quarter ended June 30, 2022, down 3.2% year-over-year. Its telephony segment revenue fell 11.6% year-over-year to $12.90 million. Also, the company’s video revenue fell 13.7% year-over-year to $47.70 million.

The Street expects WOW’s revenue to decline 31.9% year-over-year to $704.31 million in 2022. It has missed consensus EPS estimates in each of the last four quarters. Over the past three months, the stock has lost 15.1% to close the last trading session at $18.46.

WOW’s POWR ratings reflect its weak prospects. The stock has an overall D rating, equivalent to Sell in our POWR rating system. WOW also has a D grade for value and sentiment. It ranks last in the same industry.

Beyond what’s said above, we’ve also rated WOW for quality, growth, speed, and stability. Get all the WOW ratings here.

CMCSA stock was trading at $37.15 per share Wednesday afternoon, down $0.09 (-0.24%). Year-to-date, CMCSA has declined -24.90%, versus -12.42% growth in the benchmark S&P 500 index over the same period.

About the Author: Riddhima Chakraborty

Riddhima is a financial journalist with a passion for analyzing financial instruments. With a Masters in Economics, she helps investors make informed investment decisions through her insightful commentary.


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