Brokerages Expect Discovery Communications Inc. (NASDAQ:DISCA) Will Announce Earnings of $0.82 Per Share

Brokerages predict that Discovery Communications Inc. (NASDAQ:DISCA) will post earnings of $0.82 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Discovery Communications’ earnings. The highest EPS estimate is $0.86 and the lowest is $0.79. Discovery Communications posted earnings of $0.52 per share in the same quarter last year, which suggests a positive year over year growth rate of 57.7%. The business is scheduled to report its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Discovery Communications will report full year earnings of $3.82 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $4.45. For the next financial year, analysts expect that the firm will post earnings of $4.06 per share, with EPS estimates ranging from $3.66 to $4.64. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.89 billion. Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. Discovery Communications’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share.

Several analysts recently commented on DISCA shares. BidaskClub lowered Discovery Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. Wolfe Research cut Discovery Communications from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 30th. Finally, Imperial Capital dropped their price objective on Discovery Communications from $30.00 to $29.00 and set an “inline” rating for the company in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.88.

In related news, Director Daniel E. Sanchez sold 1,059 shares of Discovery Communications stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $28.40, for a total value of $30,075.60. Following the completion of the transaction, the director now directly owns 16,789 shares of the company’s stock, valued at $476,807.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Savalle Sims sold 3,085 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $30.18, for a total transaction of $93,105.30. Following the transaction, the general counsel now owns 46,388 shares in the company, valued at approximately $1,399,989.84. The disclosure for this sale can be found here. 4.43% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Discovery Communications by 12.4% in the 2nd quarter. Vanguard Group Inc. now owns 19,303,196 shares of the company’s stock valued at $592,608,000 after acquiring an additional 2,134,191 shares in the last quarter. Rothschild & Co. Asset Management US Inc. bought a new position in shares of Discovery Communications in the second quarter worth about $51,543,000. JPMorgan Chase & Co. lifted its position in shares of Discovery Communications by 17.4% during the first quarter. JPMorgan Chase & Co. now owns 10,743,754 shares of the company’s stock worth $290,295,000 after purchasing an additional 1,595,179 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Discovery Communications by 790.2% during the second quarter. Nuveen Asset Management LLC now owns 1,765,724 shares of the company’s stock worth $54,207,000 after purchasing an additional 1,567,374 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Discovery Communications by 62.7% during the second quarter. Wells Fargo & Company MN now owns 3,453,246 shares of the company’s stock worth $106,015,000 after purchasing an additional 1,330,279 shares in the last quarter. 34.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DISCA traded up $0.12 during mid-day trading on Friday, reaching $28.55. The company had a trading volume of 3,259,067 shares, compared to its average volume of 3,968,929. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $14.68 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.37 and a beta of 1.57. Discovery Communications has a twelve month low of $23.79 and a twelve month high of $34.89. The company’s 50-day moving average is $28.70 and its 200-day moving average is $29.05.

Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Earnings History and Estimates for Discovery Communications (NASDAQ:DISCA)

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