Comcast is set to report first-quarter earnings — here’s what the Street expects

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Comcast is slated to report first-quarter earnings before the bell on Wednesday.

Here’s what Wall Street expects:

  • Earnings per share: 59 cents, according to Thomson Reuters
  • Revenue: $22.744 billion, according to Thomson Reuters
  • Net increase of 367,000 high-speed internet customers, according to FactSet consensus estimates

Comcast has been shifting focus to its high-speed internet and filmmaking businesses as cord-cutting continues to weigh on its legacy cable business.

The company added 350,000 high-speed internet customers in the fourth quarter, accounting for the largest source of sales growth for the period.

Analysts are predicting continued revenue growth for Comcast’s NBCUniversal, owner of film studios, theme parks, as well as NBC News and CNBC.

Revenue for the segment is predicted to increase 8.4 percent from a year earlier to $2.19 billion.

Meanwhile, Comcast continues to diversify even beyond media. The company earlier this month announced it’s getting into health care, partnering with insurer Independence Health on a consumer-facing platform.

This is breaking news. Please check back for updates.

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