Forecast Of The Day: Comcast Theme Park Revenues

+39.03%
Upside
39.83
Market
55.38
Trefis
CMCSA: Comcast logo
CMCSA
Comcast

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?

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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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