In the latest market close, Comcast (CMCSA) reached $43.19, with a +1.48% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.56%. Elsewhere, the Dow saw an upswing of 0.42%, while the tech-heavy Nasdaq appreciated by 0.83%.

Coming into today, shares of the cable provider had lost 2.54% in the past month. In that same time, the Consumer Discretionary sector gained 8.74%, while the S&P 500 gained 3.11%.

The investment community will be paying close attention to the earnings performance of Comcast in its upcoming release. The company is forecasted to report an EPS of $0.89, showcasing a 5.95% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $31.68 billion, showing a 1.38% escalation compared to the year-ago quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.26 per share and revenue of $123.51 billion. These totals would mark changes of +7.04% and +1.59%, respectively, from last year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Comcast. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.48% higher within the past month. At present, Comcast boasts a Zacks Rank of #3 (Hold).

In the context of valuation, Comcast is at present trading with a Forward P/E ratio of 9.99. This denotes a discount relative to the industry's average Forward P/E of 12.21.

One should further note that CMCSA currently holds a PEG ratio of 1.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CMCSA's industry had an average PEG ratio of 0.86 as of yesterday's close.

The Cable Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 77, putting it in the top 31% of all 250+ industries.