Zacks: Analysts Anticipate Discovery Communications, Inc. (DISCK) to Post $0.52 EPS
Analysts expect Discovery Communications, Inc. (NASDAQ:DISCK) to report earnings of $0.52 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Discovery Communications’ earnings, with estimates ranging from $0.51 to $0.52. Discovery Communications posted earnings per share of $0.36 during the same quarter last year, which indicates a positive year over year growth rate of 44.4%. The company is expected to announce its next earnings report before the market opens on Thursday, November 2nd.
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 expect that the firm will report earnings of $2.52 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Discovery Communications.
Discovery Communications (NASDAQ:DISCK) last released its earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The company had revenue of $1.75 billion during the quarter. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%.
A number of research firms recently weighed in on DISCK. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, August 18th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.00.
A number of large investors have recently modified their holdings of DISCK. Vanguard Group Inc. increased its stake in shares of Discovery Communications by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 21,390,878 shares of the company’s stock worth $605,575,000 after acquiring an additional 460,591 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Discovery Communications by 2.2% during the 2nd quarter. BlackRock Inc. now owns 13,737,088 shares of the company’s stock worth $346,312,000 after acquiring an additional 289,985 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Discovery Communications by 10.1% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,878,321 shares of the company’s stock worth $148,192,000 after acquiring an additional 537,357 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of Discovery Communications by 42.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,422,562 shares of the company’s stock worth $86,283,000 after acquiring an additional 1,016,006 shares during the period. Finally, Seizert Capital Partners LLC raised its holdings in shares of Discovery Communications by 11.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock worth $81,613,000 after acquiring an additional 325,593 shares during the period. Institutional investors own 45.29% of the company’s stock.
Discovery Communications (DISCK) opened at 20.26 on Monday. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 10.75 and a beta of 1.44. The company’s 50-day moving average price is $21.29 and its 200 day moving average price is $25.07. Discovery Communications has a 52-week low of $19.36 and a 52-week high of $29.18.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related stocks with our FREE daily email newsletter.