Forecast Of The Day: Comcast Theme Park Revenues
What?
Comcast’s (NYSE:CMCSA) Theme park revenues plummeted from around $6.2 billion in 2019 to $2.1 billion in 2020 and recovered to around $5 billion in 2021. Trefis expects the metric to rebound to over $7 billion in 2022.
Why?
- Will Comcast Stock Deliver A Q3 Earnings Beat?
- Can Comcast Stock Recover To $60?
- How Will A Slowing Broadband Business Impact Comcast’s Q2 Results?
- Will Wireless Phone Business, Recovery In Ad Market Drive Comcast Stock Back To $60?
- Will Comcast Stock Recover To Pre-Inflation Shock Highs Of $62?
- Rising 15% Over The Last Year, Will Comcast Stock See Gains Following Q4 Results?
While the Covid-19 pandemic and associated lockdowns hurt ticket sales over 2020 and 2021, strong pent-up demand for outdoor activities and higher ticket prices should help the division emerge stronger post the pandemic.
So What?
We think Comcast stock is undervalued at current levels. We value CMCSA at $55 per share, about 35% ahead of the current market price.
See Our Complete Analysis For Comcast
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
| Returns | May 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| CMCSA Return | 1% | -21% | -42% |
| S&P 500 Return | 0% | -13% | 84% |
| Trefis Multi-Strategy Portfolio | -2% | -19% | 220% |
[1] Month-to-date and year-to-date as of 5/9/2022
[2] Cumulative total returns since the end of 2016
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