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

Warner Bros. Discovery (NASDAQ:WBD) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). The business had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.51) EPS. On average, analysts expect Warner Bros. Discovery to post $-4 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Warner Bros. Discovery Trading Up 2.9 %

Shares of NASDAQ:WBD opened at $7.77 on Thursday. Warner Bros. Discovery has a 1 year low of $6.64 and a 1 year high of $12.70. The firm has a fifty day moving average price of $7.81 and a 200 day moving average price of $7.82. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $19.04 billion, a PE ratio of -6.09 and a beta of 1.48.

Analysts Set New Price Targets

A number of brokerages have recently commented on WBD. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Sanford C. Bernstein downgraded Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $10.00 to $8.00 in a research report on Tuesday, August 13th. The Goldman Sachs Group boosted their price objective on Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.66.

Warner Bros. Discovery Company Profile

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.