Wall Street analysts expect that Discovery Communications Inc. (NASDAQ:DISCA) will post sales of $1.77 billion for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Discovery Communications’ earnings, with the highest sales estimate coming in at $1.83 billion and the lowest estimate coming in at $1.74 billion. Discovery Communications posted sales of $1.67 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6%. The company is expected to issue its next earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Discovery Communications will report full-year sales of $1.77 billion for the current fiscal year, with estimates ranging from $6.73 billion to $6.84 billion. For the next year, analysts anticipate that the business will post sales of $7.28 billion per share, with estimates ranging from $7.14 billion to $7.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last released its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company earned $0.47 EPS. Discovery Communications’s revenue for the quarter was up 6.1% on a year-over-year basis.

A number of equities research analysts have issued reports on DISCA shares. B. Riley restated a “neutral” rating and set a $19.00 price target (down from $23.00) on shares of Discovery Communications in a report on Wednesday, November 1st. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Sunday. BidaskClub upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. UBS Group upgraded shares of Discovery Communications from a “sell” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $23.00 in a research note on Tuesday, September 26th. Finally, Barrington Research upgraded shares of Discovery Communications from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.50.

In related news, Director John C. Malone acquired 332,523 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average price of $19.72 per share, with a total value of $6,557,353.56. Following the purchase, the director now directly owns 671,095 shares in the company, valued at $13,233,993.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruce Campbell sold 3,047 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $18.17, for a total transaction of $55,363.99. Following the completion of the transaction, the insider now directly owns 43,173 shares of the company’s stock, valued at approximately $784,453.41. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 527,523 shares of company stock valued at $9,629,104. 6.81% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of DISCA. AXA increased its position in shares of Discovery Communications by 3.8% during the third quarter. AXA now owns 438,550 shares of the company’s stock worth $9,336,000 after buying an additional 16,000 shares during the period. California Public Employees Retirement System increased its position in shares of Discovery Communications by 7.2% during the third quarter. California Public Employees Retirement System now owns 379,539 shares of the company’s stock worth $8,080,000 after buying an additional 25,439 shares during the period. Valeo Financial Advisors LLC acquired a new stake in shares of Discovery Communications during the third quarter worth $345,000. Cubist Systematic Strategies LLC increased its position in shares of Discovery Communications by 347.5% during the third quarter. Cubist Systematic Strategies LLC now owns 102,393 shares of the company’s stock worth $2,180,000 after buying an additional 79,513 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Discovery Communications during the third quarter worth $4,296,000. 48.12% of the stock is owned by institutional investors and hedge funds.

Discovery Communications (DISCA) traded down $0.49 during midday trading on Wednesday, hitting $22.62. 5,292,916 shares of the stock were exchanged, compared to its average volume of 5,160,550. Discovery Communications has a 1-year low of $15.99 and a 1-year high of $30.25. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. The firm has a market capitalization of $8,310.00, a P/E ratio of 17.81, a PEG ratio of 1.12 and a beta of 1.56.

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

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