Is CMCSA's Q3 2024 EPS growth sustainable?

**Comcast's Q3 2024 EPS growth may not be sustainable in the near term**. Here's why:

1. **Recent Performance**: Comcast's diluted EPS showed no year-over-year growth in Q4 2024. This stagnation, coupled with a 0% last change in the stock price, suggests a period of stability rather than growth.

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|CMCSA|CMCSA.O|Comcast|2024 Q1|0.2654632333421821|1.2360648007813815|6.593406593406587|185|
|CMCSA|CMCSA.O|Comcast|2024 Q2|-8.3552160420148|-2.703765608101465|-1.960784313725492|185|
|CMCSA|CMCSA.O|Comcast|2024 Q3|-10.532899674756067|6.491781504233771|-4.081632653061228|185|
|CMCSA|CMCSA.O|Comcast|2024 Q4|48.58864573422137|2.114996960291812||185|

2. **Challenges and Declining Subscribers**: The company has faced a decline of 139,000 broadband subscribers, which is a red flag for future revenue and EPS growth. Additionally, the stagnation of Peacock's subscriber base and ongoing cord-cutting trends indicate challenges in the streaming and traditional cable markets.
3. **Investment in Growth**: While Comcast has been investing heavily in its Xfinity 10G Network and has made significant investments over the past decade, these investments may not immediately translate to EPS growth due to the nature of infrastructure projects and the time required for them to mature.
4. **Market Competition**: The company operates in a highly competitive environment, facing threats from both traditional rivals like AT&T and Verizon, as well as emerging digital streaming services. This competition can put pressure on margins and profitability.
5. **Strategic Moves**: Comcast's strategic acquisitions and technological advancements offer potential for future growth. However, these factors alone may not immediately reverse the trend of stagnant EPS growth.

In conclusion, while Comcast's investments in infrastructure and strategic initiatives could lead to future growth, the current data and market conditions suggest that the Q3 2024 EPS growth may not be sustainable in the near term. The company's ability to overcome current challenges and capitalize on its investments will be crucial for maintaining or restoring EPS growth in the future.