Wall Street brokerages expect Discovery Communications, Inc. (NASDAQ:DISCK) to report $0.52 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Discovery Communications’ earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.51. Discovery Communications posted earnings of $0.36 per share in the same quarter last year, which suggests a positive year over year growth rate of 44.4%. The business is scheduled to issue its next earnings results on Tuesday, November 7th.
On average, analysts expect that Discovery Communications will report full year earnings of $2.28 per share for the current year. For the next financial year, analysts forecast that the business will post earnings of $2.52 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Discovery Communications.
Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings data on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). The business had revenue of $1.75 billion during the quarter. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%.
Several brokerages have weighed in on DISCK. BidaskClub cut Discovery Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. Discovery Communications presently has a consensus rating of “Hold” and an average price target of $29.00.
Large investors have recently modified their holdings of the business. BB&T Investment Services Inc. bought a new position in Discovery Communications during the 2nd quarter valued at $102,000. Meeder Asset Management Inc. bought a new position in Discovery Communications during the 1st quarter valued at $178,000. Fiduciary Trust Co. bought a new position in Discovery Communications during the 2nd quarter valued at $160,000. Daiwa Securities Group Inc. lifted its stake in Discovery Communications by 17.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 6,370 shares of the company’s stock valued at $180,000 after acquiring an additional 950 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in Discovery Communications by 1,035.8% during the 1st quarter. Quantbot Technologies LP now owns 6,622 shares of the company’s stock valued at $187,000 after acquiring an additional 6,039 shares in the last quarter. Institutional investors and hedge funds own 45.29% of the company’s stock.
Shares of Discovery Communications (NASDAQ:DISCK) traded down 2.42% during mid-day trading on Wednesday, hitting $20.14. 3,487,945 shares of the stock were exchanged. The stock has a market capitalization of $11.48 billion, a P/E ratio of 10.68 and a beta of 1.46. Discovery Communications has a 12-month low of $19.36 and a 12-month high of $29.18. The stock’s 50 day moving average price is $21.38 and its 200-day moving average price is $25.12.
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Discovery Communications Company Profile
Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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