Wall Street brokerages expect Discovery Communications Inc. (NASDAQ:DISCA) to announce earnings of $0.81 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Discovery Communications’ earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.92. Discovery Communications reported earnings per share of $0.47 during the same quarter last year, which indicates a positive year over year growth rate of 72.3%. The company is expected to announce its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Discovery Communications will report full year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.35. For the next year, analysts anticipate that the business will report earnings of $3.53 per share, with EPS estimates ranging from $2.69 to $4.13. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last released its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.60 billion. Discovery Communications had a negative net margin of 8.52% and a positive return on equity of 17.05%. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS.

A number of research analysts recently weighed in on DISCA shares. Pivotal Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating and set a $26.00 target price for the company. in a research report on Tuesday, September 18th. Credit Suisse Group raised shares of Discovery Communications from a “neutral” rating to an “outperform” rating and raised their target price for the company from $30.00 to $40.00 in a research report on Wednesday, October 10th. Bank of America raised their target price on shares of Discovery Communications from $30.00 to $35.50 and gave the company a “buy” rating in a research report on Thursday, September 13th. Jefferies Financial Group upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, August 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Discovery Communications to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 10th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $32.79.

In other news, insider David Leavy sold 39,278 shares of the firm’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $31.65, for a total transaction of $1,243,148.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce Campbell sold 31,462 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $30.00, for a total transaction of $943,860.00. Following the sale, the insider now owns 72,256 shares of the company’s stock, valued at approximately $2,167,680. The disclosure for this sale can be found here. In the last quarter, insiders sold 281,031 shares of company stock valued at $8,506,185. Corporate insiders own 6.73% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Discovery Communications by 199.5% in the 3rd quarter. Vanguard Group Inc. now owns 50,745,309 shares of the company’s stock worth $1,541,300,000 after purchasing an additional 33,804,647 shares in the last quarter. Morgan Stanley raised its stake in Discovery Communications by 3.5% in the 3rd quarter. Morgan Stanley now owns 1,195,380 shares of the company’s stock worth $38,252,000 after purchasing an additional 40,649 shares in the last quarter. Legal & General Group Plc raised its stake in Discovery Communications by 0.4% in the 3rd quarter. Legal & General Group Plc now owns 784,614 shares of the company’s stock worth $25,108,000 after purchasing an additional 3,148 shares in the last quarter. Standard Life Aberdeen plc raised its stake in Discovery Communications by 7.7% in the 3rd quarter. Standard Life Aberdeen plc now owns 58,875 shares of the company’s stock worth $1,884,000 after purchasing an additional 4,186 shares in the last quarter. Finally, Auxier Asset Management raised its stake in Discovery Communications by 1.8% in the 3rd quarter. Auxier Asset Management now owns 214,733 shares of the company’s stock worth $6,871,000 after purchasing an additional 3,884 shares in the last quarter. Institutional investors own 41.80% of the company’s stock.

Discovery Communications stock opened at $28.93 on Wednesday. The firm has a market capitalization of $15.26 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 0.41 and a beta of 1.24. Discovery Communications has a 1-year low of $19.11 and a 1-year high of $34.89. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.61.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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

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