Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) – Stock analysts at Seaport Res Ptn cut their FY2024 earnings per share estimates for Warner Bros. Discovery in a report released on Monday, January 13th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of ($4.44) per share for the year, down from their prior estimate of ($4.40). The consensus estimate for Warner Bros. Discovery’s current full-year earnings is ($4.36) per share. Seaport Res Ptn also issued estimates for Warner Bros. Discovery’s Q4 2024 earnings at ($0.02) EPS, Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at ($0.18) EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at ($0.39) EPS and FY2026 earnings at ($0.07) EPS.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The company had revenue of $9.62 billion during 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 was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.17) EPS.
View Our Latest Stock Report on Warner Bros. Discovery
Warner Bros. Discovery Price Performance
Shares of NASDAQ WBD opened at $9.47 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The stock’s 50-day simple moving average is $10.36 and its 200-day simple moving average is $8.70. The firm has a market capitalization of $23.23 billion, a PE ratio of -2.07, a price-to-earnings-growth ratio of 9.12 and a beta of 1.50.
Hedge Funds Weigh In On Warner Bros. Discovery
A number of large investors have recently made changes to their positions in the stock. State Street Corp grew its position in Warner Bros. Discovery by 4.1% during the third quarter. State Street Corp now owns 151,285,963 shares of the company’s stock worth $1,248,109,000 after buying an additional 5,898,611 shares during the period. Sessa Capital IM L.P. grew 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 worth $234,386,000 after acquiring an additional 5,625,545 shares during the period. Mackenzie Financial Corp raised its holdings 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 worth $22,391,000 after purchasing an additional 2,780,986 shares during the last quarter. Drexel Morgan & Co. boosted its position in Warner Bros. Discovery by 43.5% during the third quarter. Drexel Morgan & Co. now owns 6,600,463 shares of the company’s stock worth $54,454,000 after purchasing an additional 2,000,000 shares in the last quarter. Finally, Clifford Capital Partners LLC acquired a new stake in Warner Bros. Discovery in the second quarter valued at $14,760,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.
Insider Buying and Selling at Warner Bros. Discovery
In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the sale, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.
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.
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