Warner Bros. Discovery (WBD) to Release Earnings on Thursday

Warner Bros. Discovery (NASDAQ:WBD) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Warner Bros. Discovery to post earnings of $0.04 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The business had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $10.07 billion. During the same period in the previous year, the business posted ($0.51) earnings per share. Warner Bros. Discovery’s revenue was down 6.2% compared to the same quarter last year. On average, analysts expect Warner Bros. Discovery to post $-5 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Warner Bros. Discovery Stock Down 0.7 %

Shares of Warner Bros. Discovery stock opened at $8.17 on Tuesday. The company has a market capitalization of $20.03 billion, a P/E ratio of -1.70 and a beta of 1.48. Warner Bros. Discovery has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50-day moving average of $7.83 and a two-hundred day moving average of $7.82.

Wall Street Analysts Forecast Growth

WBD has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Warner Bros. Discovery in a report on Friday, September 13th. Barclays dropped their price objective on Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Morgan Stanley dropped their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Macquarie decreased their price target on shares of Warner Bros. Discovery from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Warner Bros. Discovery presently has an average rating of “Hold” and an average price target of $10.66.

About Warner Bros. Discovery

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.