Discovery Communications, Inc. (DISCA) Set to Announce Earnings on Monday
Discovery Communications, Inc. (NASDAQ:DISCA) is scheduled to post its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect Discovery Communications to post earnings of $0.55 per share for the quarter.
Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. On average, analysts expect Discovery Communications to post $2.22 EPS for the current fiscal year and $2.49 EPS for the next fiscal year.
Discovery Communications, Inc. (NASDAQ:DISCA) opened at 20.29 on Monday. The stock has a market cap of $11.57 billion, a P/E ratio of 10.76 and a beta of 1.56. The firm’s 50-day moving average is $20.97 and its 200-day moving average is $24.76. Discovery Communications, Inc. has a 52-week low of $18.60 and a 52-week high of $30.25.
A number of analysts recently weighed in on the stock. Royal Bank Of Canada restated a “buy” rating and set a $29.00 target price on shares of Discovery Communications in a research note on Friday. Barclays PLC cut their target price on shares of Discovery Communications from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Needham & Company LLC restated a “hold” rating on shares of Discovery Communications in a research note on Thursday, October 12th. Finally, ValuEngine upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.57.
About Discovery Communications
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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