Wall Street analysts expect that Discovery Communications Inc. (NASDAQ:DISCA) will announce earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Discovery Communications’ earnings. The lowest EPS estimate is $0.30 and the highest is $0.48. Discovery Communications reported earnings per share of $0.52 during the same quarter last year, which suggests a negative year-over-year growth rate of 26.9%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, February 27th.

According to Zacks, analysts expect that Discovery Communications will report full-year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.81 to $2.15. For the next fiscal year, analysts forecast that the company will report earnings of $2.19 per share, with EPS estimates ranging from $1.73 to $2.50. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Discovery Communications.

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

A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Wells Fargo & Co restated a “market perform” rating and issued a $25.00 target price (up from $18.00) on shares of Discovery Communications in a report on Thursday, January 4th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Macquarie upgraded shares of Discovery Communications from a “neutral” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Tuesday, January 2nd. Finally, Barrington Research upgraded shares of Discovery Communications from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Tuesday, January 2nd. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.17.

Discovery Communications (NASDAQ:DISCA) traded up $0.17 during trading hours on Wednesday, hitting $24.70. 5,115,900 shares of the stock were exchanged, compared to its average volume of 6,247,254. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $9,090.00, a price-to-earnings ratio of 19.45, a PEG ratio of 1.22 and a beta of 1.56. Discovery Communications has a twelve month low of $15.99 and a twelve month high of $30.25.

In other news, CFO Gunnar Wiedenfels bought 15,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was acquired at an average cost of $15.45 per share, for a total transaction of $231,750.00. Following the completion of the purchase, the chief financial officer now owns 50,000 shares of the company’s stock, valued at $772,500. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John C. Malone bought 332,523 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average price of $19.72 per share, with a total value of $6,557,353.56. Following the completion of the purchase, the director now directly owns 671,095 shares of the company’s stock, valued at approximately $13,233,993.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 527,523 shares of company stock valued at $9,629,104. 6.81% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in DISCA. Tower Research Capital LLC TRC raised its holdings in Discovery Communications by 437.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after acquiring an additional 3,230 shares in the last quarter. Advisor Group Inc. raised its holdings in Discovery Communications by 27.7% in the second quarter. Advisor Group Inc. now owns 9,100 shares of the company’s stock valued at $235,000 after acquiring an additional 1,975 shares in the last quarter. Flossbach Von Storch AG acquired a new stake in Discovery Communications in the third quarter valued at $208,000. QCM Cayman Ltd. raised its holdings in Discovery Communications by 38.6% in the second quarter. QCM Cayman Ltd. now owns 10,350 shares of the company’s stock valued at $267,000 after acquiring an additional 2,885 shares in the last quarter. Finally, OLD National Bancorp IN acquired a new stake in Discovery Communications in the third quarter valued at $222,000. Institutional investors and hedge funds own 48.13% of the company’s stock.

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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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