Barrington Research Issues Positive Outlook for WBD Earnings

Warner Bros. Discovery, Inc. (NASDAQ:WBD) – Barrington Research boosted their FY2024 earnings per share (EPS) estimates for Warner Bros. Discovery in a report issued on Monday, November 11th. Barrington Research analyst J. Goss now expects that the company will post earnings per share of ($4.44) for the year, up from their prior estimate of ($4.65). Barrington Research 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.

Other equities analysts have also issued research reports about the company. Macquarie upped their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. TD Cowen decreased their target price on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $9.00 target price on shares of Warner Bros. Discovery in a research note on Friday, September 13th. Evercore ISI reduced their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from 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 %

WBD opened at $9.86 on Thursday. The stock has a market capitalization of $24.18 billion, a PE ratio of -2.15 and a beta of 1.48. Warner Bros. Discovery has a one year low of $6.64 and a one year high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50 day moving average price is $8.01 and its 200 day moving average price is $7.86.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. Warner Bros. Discovery’s quarterly revenue was down 3.6% on a year-over-year basis.

Hedge Funds Weigh In On Warner Bros. Discovery

Large investors have recently bought and sold shares of the company. Sessa Capital IM L.P. lifted its holdings in shares of Warner Bros. Discovery by 24.7% in the 3rd quarter. Sessa Capital IM L.P. now owns 28,410,428 shares of the company’s stock valued at $234,386,000 after buying an additional 5,625,545 shares during the period. EdgePoint Investment Group Inc. increased its holdings in shares of Warner Bros. Discovery by 1.1% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 20,855,527 shares of the company’s stock valued at $155,165,000 after purchasing an additional 235,192 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Warner Bros. Discovery by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,685,506 shares of the company’s stock valued at $129,405,000 after purchasing an additional 687,612 shares during the period. Bank of New York Mellon Corp boosted its holdings in Warner Bros. Discovery by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 14,192,814 shares of the company’s stock worth $105,595,000 after buying an additional 719,869 shares in the last quarter. Finally, Yacktman Asset Management LP grew its position in Warner Bros. Discovery by 1.2% during the second quarter. Yacktman Asset Management LP now owns 8,152,369 shares of the company’s stock worth $60,654,000 after buying an additional 100,565 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

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.