Discovery Communications Inc. (DISCA) Expected to Announce Earnings of $0.81 Per Share

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Equities analysts expect Discovery Communications Inc. (NASDAQ:DISCA) to report earnings per share (EPS) of $0.81 for the current quarter, Zacks reports. Seven analysts have made estimates for Discovery Communications’ earnings. The lowest EPS estimate is $0.61 and the highest is $0.92. Discovery Communications reported earnings of $0.47 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 72.3%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that Discovery Communications will report full-year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.35. For the next fiscal year, analysts forecast that the company will report earnings of $3.52 per share, with EPS estimates ranging from $2.59 to $4.13. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.10). The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.60 billion. Discovery Communications had a positive return on equity of 17.05% and a negative net margin of 8.52%. Discovery Communications’s revenue was up 57.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share.

Several equities analysts have issued reports on DISCA shares. JPMorgan Chase & Co. boosted their price target on Discovery Communications to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 10th. They noted that the move was a valuation call. Pivotal Research reissued a “sell” rating and issued a $27.00 price target (up from $26.00) on shares of Discovery Communications in a research note on Friday, November 9th. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday. Credit Suisse Group raised Discovery Communications from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $40.00 in a research note on Wednesday, October 10th. Finally, MKM Partners boosted their price target on Discovery Communications to $40.00 and gave the company a “buy” rating in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $33.03.

In other news, Director Kenneth W. Lowe sold 183,621 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $25.58, for a total transaction of $4,697,025.18. Following the completion of the sale, the director now owns 1,331,277 shares in the company, valued at $34,054,065.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Savalle Sims sold 1,666 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $28.21, for a total value of $46,997.86. Following the sale, the general counsel now owns 208 shares of the company’s stock, valued at approximately $5,867.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 464,652 shares of company stock valued at $13,203,210. Corporate insiders own 6.73% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its holdings in Discovery Communications by 297.7% during the first quarter. Allianz Asset Management GmbH now owns 62,024 shares of the company’s stock worth $1,329,000 after buying an additional 93,402 shares in the last quarter. James Investment Research Inc. grew its holdings in Discovery Communications by 12.9% during the second quarter. James Investment Research Inc. now owns 90,075 shares of the company’s stock worth $2,477,000 after buying an additional 10,295 shares in the last quarter. Biechele Royce Advisors grew its holdings in Discovery Communications by 2.7% during the second quarter. Biechele Royce Advisors now owns 403,907 shares of the company’s stock worth $11,107,000 after buying an additional 10,568 shares in the last quarter. Douglas Lane & Associates LLC bought a new stake in Discovery Communications during the second quarter worth $1,928,000. Finally, Unigestion Holding SA bought a new stake in Discovery Communications during the second quarter worth $23,579,000. Hedge funds and other institutional investors own 37.12% of the company’s stock.

Shares of Discovery Communications stock traded down $0.56 during midday trading on Tuesday, reaching $31.20. The company had a trading volume of 667,586 shares, compared to its average volume of 4,603,041. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.01 and a quick ratio of 1.45. The firm has a market cap of $16.78 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.45 and a beta of 1.24. Discovery Communications has a fifty-two week low of $16.14 and a fifty-two week high of $34.89.

Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, 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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