Barrington Research Has Positive View of WBD FY2024 Earnings

Warner Bros. Discovery, Inc. (NASDAQ:WBD) – Analysts at Barrington Research boosted their FY2024 EPS estimates for shares of Warner Bros. Discovery in a research report issued to clients and investors on Monday, November 11th. Barrington Research analyst J. Goss now forecasts that the company will post earnings of ($4.44) per share for the year, up from their previous forecast of ($4.65). Barrington Research currently has a “Outperform” rating and a $12.00 price target on the stock. The consensus estimate for Warner Bros. Discovery’s current full-year earnings is ($4.41) per share. Barrington Research also issued estimates for Warner Bros. Discovery’s Q4 2024 earnings at ($0.03) EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.25) EPS, FY2025 earnings at ($0.34) EPS, Q1 2026 earnings at ($0.02) EPS, Q2 2026 earnings at ($0.28) EPS and FY2026 earnings at ($0.29) EPS.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company earned ($0.17) EPS.

Several other research firms also recently weighed in on WBD. Wolfe Research upgraded Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research report on Monday. Benchmark reiterated a “buy” rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a report on Friday, September 13th. Barclays raised their target price on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. The Goldman Sachs Group upped their price target on shares of 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, Rosenblatt Securities reiterated a “neutral” rating and issued a $9.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.55.

Warner Bros. Discovery Trading Up 1.4 %

Shares of WBD opened at $9.86 on Thursday. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a market capitalization of $24.18 billion, a PE ratio of -2.15 and a beta of 1.48. The stock has a fifty day moving average of $8.01 and a two-hundred day moving average of $7.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of institutional investors have recently made changes to their positions in WBD. Private Management Group Inc. raised its stake in shares of Warner Bros. Discovery by 37.7% in the 3rd quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock valued at $56,811,000 after purchasing an additional 1,886,868 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Warner Bros. Discovery by 3.1% in the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock valued at $21,281,000 after buying an additional 78,653 shares during the last quarter. Mackenzie Financial Corp raised its stake in Warner Bros. Discovery by 1,216.7% during the second quarter. Mackenzie Financial Corp now owns 3,009,558 shares of the company’s stock valued at $22,391,000 after buying an additional 2,780,986 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Warner Bros. Discovery by 629.4% during the 3rd quarter. International Assets Investment Management LLC now owns 189,239 shares of the company’s stock worth $1,561,000 after buying an additional 163,295 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Warner Bros. Discovery by 21.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 599,957 shares of the company’s stock worth $5,028,000 after acquiring an additional 105,321 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

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.