Warner Bros. Discovery (NASDAQ:WBD) Releases Earnings Results, Misses Estimates By $0.16 EPS

Warner Bros. Discovery (NASDAQ:WBD) released its earnings results on Thursday. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16), Briefing.com reports. Warner Bros. Discovery had a negative net margin of 7.57% and a negative return on equity of 3.48%. The business had revenue of $9.96 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the business posted $0.18 EPS. Warner Bros. Discovery’s revenue was down 6.9% compared to the same quarter last year.

Warner Bros. Discovery Stock Up 0.9 %

Shares of NASDAQ WBD traded up $0.07 on Friday, hitting $8.11. The company had a trading volume of 23,686,013 shares, compared to its average volume of 27,640,947. The firm has a market capitalization of $19.79 billion, a P/E ratio of -6.47 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. Warner Bros. Discovery has a 12-month low of $7.34 and a 12-month high of $14.76. The business has a 50 day moving average of $8.39 and a two-hundred day moving average of $9.80.

Wall Street Analyst Weigh In

WBD has been the topic of a number of research analyst reports. Wolfe Research downgraded shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a report on Tuesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 26th. Benchmark restated a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a report on Monday, March 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a report on Friday. Finally, Barrington Research reiterated an “outperform” rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.32.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.