$0.50 EPS Expected for Discovery Communications Inc. (DISCK) This Quarter
Analysts forecast that Discovery Communications Inc. (NASDAQ:DISCK) will announce earnings of $0.50 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Discovery Communications’ earnings. Discovery Communications posted earnings of $0.52 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.8%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, February 27th.
On average, analysts expect that Discovery Communications will report full-year earnings of $2.18 per share for the current financial year, with EPS estimates ranging from $2.12 to $2.23. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.30 per share, with EPS estimates ranging from $2.24 to $2.35. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Discovery Communications.
Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.10). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BB&T Investment Services Inc. bought a new stake in Discovery Communications in the 2nd quarter valued at $102,000. Ontario Teachers Pension Plan Board bought a new stake in Discovery Communications in the 2nd quarter valued at $196,000. Cohen Klingenstein LLC bought a new stake in Discovery Communications in the 4th quarter valued at $204,000. Creative Planning bought a new stake in Discovery Communications in the 4th quarter valued at $207,000. Finally, Weik Investment Services Inc. boosted its holdings in Discovery Communications by 34.5% in the 2nd quarter. Weik Investment Services Inc. now owns 9,950 shares of the company’s stock valued at $251,000 after purchasing an additional 2,550 shares during the period. 48.07% of the stock is owned by institutional investors and hedge funds.
Discovery Communications (DISCK) opened at $24.23 on Friday. Discovery Communications has a 12 month low of $14.99 and a 12 month high of $29.18. The company has a market cap of $8,869.86, a price-to-earnings ratio of 12.69 and a beta of 1.42. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87.
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Discovery Communications Company Profile
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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