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

Warner Bros. Discovery (NASDAQ:WBD) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Persons that wish to register for the company’s earnings 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 the consensus estimate of ($0.18) by ($3.89). Warner Bros. Discovery had a negative return on equity of 27.28% and a negative net margin of 29.47%. The firm had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $10.07 billion. During the same quarter last year, the business earned ($0.51) earnings per share. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. 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 Stock Up 2.9 %

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Sanford C. Bernstein lowered shares of Warner Bros. Discovery from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $10.00 to $8.00 in a research report on Tuesday, August 13th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. Moffett Nathanson cut their price target on Warner Bros. Discovery from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group increased their price objective on Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, Morgan Stanley cut their target price on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.