Discovery Communications, Inc. (NASDAQ:DISCA) – CLSA issued their Q1 2017 earnings per share (EPS) estimates for shares of Discovery Communications in a research note issued to investors on Wednesday. CLSA analyst V. Karasyov forecasts that the brokerage will earn $0.51 per share for the quarter. CLSA also issued estimates for Discovery Communications’ FY2017 earnings at $2.16 EPS, FY2018 earnings at $2.51 EPS and FY2019 earnings at $2.86 EPS.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, February 14th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis.

“Discovery Communications, Inc. to Post Q1 2017 Earnings of $0.51 Per Share, CLSA Forecasts (DISCA)” was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be viewed at http://www.dailypolitical.com/2017/02/17/discovery-communications-inc-to-post-q1-2017-earnings-of-0-51-per-share-clsa-forecasts-disca.html.

Earnings History and Estimates for Discovery Communications (NASDAQ:DISCA)

DISCA has been the subject of a number of other reports. Barclays PLC downgraded Discovery Communications from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 5th. Argus downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Zacks Investment Research downgraded Discovery Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 25th. RBC Capital Markets upped their target price on Discovery Communications from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 16th. Finally, Pivotal Research downgraded Discovery Communications from a “buy” rating to a “hold” rating and cut their target price for the stock from $33.00 to $28.00 in a research report on Thursday, January 12th. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.57.

Discovery Communications (NASDAQ:DISCA) opened at 28.57 on Thursday. The stock has a market cap of $16.72 billion, a P/E ratio of 14.58 and a beta of 1.60. Discovery Communications has a 12-month low of $23.66 and a 12-month high of $29.75. The stock has a 50 day moving average price of $27.86 and a 200-day moving average price of $26.88.

“Discovery Communications, Inc. to Post Q1 2017 Earnings of $0.51 Per Share, CLSA Forecasts (DISCA)” was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be viewed at http://www.dailypolitical.com/2017/02/17/discovery-communications-inc-to-post-q1-2017-earnings-of-0-51-per-share-clsa-forecasts-disca.html.

Hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Discovery Communications by 0.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 458,651 shares of the company’s stock valued at $11,572,000 after buying an additional 2,717 shares during the period. Nordea Investment Management AB increased its stake in shares of Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock valued at $104,000 after buying an additional 381 shares during the period. Boston Private Wealth LLC increased its stake in shares of Discovery Communications by 2.2% in the second quarter. Boston Private Wealth LLC now owns 432,041 shares of the company’s stock valued at $10,900,000 after buying an additional 9,150 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Discovery Communications by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 9,458,803 shares of the company’s stock valued at $238,645,000 after buying an additional 437,438 shares during the period. Finally, Arrow Financial Corp increased its stake in shares of Discovery Communications by 40.4% in the second quarter. Arrow Financial Corp now owns 50,510 shares of the company’s stock valued at $1,275,000 after buying an additional 14,525 shares during the period. 41.96% of the stock is currently owned by institutional investors.

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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.

5 Day Chart for NASDAQ:DISCA

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