Comcast Corp., US20030N1019

Comcast stock faces October 22 earnings after target cuts

Published on 10/05/2026 at 22:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank lowered its Comcast target from USD 29.00 to USD 27.50 on October 2, 2026. Q2 revenue reached USD 29.94 billion.

Flatlay mit Aktienzertifikat ISIN US20030N1019, Glasfaserkabel, Fernbedienung und Smartphone — Comcast Corp. Aktien Flatlay mit ISIN US20030N1019 Zertifikat, Glasfaserkabel und Telecom Utensilien auf Schiefer, Illustration mit AI erstellt.

Comcast stock (ISIN US20030N1019) was trading at USD 21.50 on Nasdaq on October 5, 2026, at 1:15 p.m. ET. The immediate catalyst is a fresh round of analyst caution before the company's October 22 earnings report.

Scotiabank cuts its target

According to MarketBeat on October 2, 2026, Scotiabank lowered its Comcast price target from USD 29.00 to USD 27.50 while keeping a Sector Perform rating. The revised target stands 27.91 percent above the Nasdaq price of USD 21.50.

The same MarketBeat report puts the analyst consensus at Hold with an average target of USD 31.00. It lists 11 Buy ratings, 13 Holds and 5 Sells, showing that the target gap coexists with a cautious rating balance.

Q2 earnings set the baseline

Comcast reported USD 29.94 billion in Q2 2026 revenue and USD 1.04 in earnings per share, according to MarketBeat. Revenue declined 1.2 percent year over year, while EPS exceeded the USD 0.97 consensus by USD 0.07.

The operating picture is mixed rather than one-dimensional. Simply Wall St reported on October 5, 2026, that Comcast had expanded fiber sensing, edge streaming partnerships and broadband construction, while broadband average revenue per user declined 3.8 percent and wireless lines reached 10.2 million.

October 22 is the next test

Comcast will publish third-quarter results before its conference call on October 22, 2026, at 8:30 a.m. ET, according to the company's Comcast release dated September 15, 2026. The upcoming report will test whether wireless growth and Peacock profitability can offset pressure on broadband economics.

Comcast stock stays near its yearly low

Comcast was trading at USD 21.50 on Nasdaq on October 5, 2026, with a 52-week range of USD 21.28 to USD 32.86. Market capitalization was USD 76.5 billion as of October 5, 2026.