Barrington Research Has Negative View of WBD FY2024 Earnings

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) - Stock analysts at Barrington Research decreased their FY2024 earnings estimates for Warner Bros. Discovery in a research report issued to clients and investors on Tuesday, February 4th. Barrington Research analyst P. Sholl now anticipates that the company will post earnings per share of ($4.48) for the year, down from their previous estimate of ($4.44). Barrington Research currently has a "Outperform" rating and a $16.00 target price on the stock. The consensus estimate for Warner Bros. Discovery's current full-year earnings is ($4.33) per share. Barrington Research also issued estimates for Warner Bros. Discovery's Q4 2024 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.14) EPS, Q2 2025 earnings at ($0.30) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.05) EPS, FY2025 earnings at ($0.58) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.30) EPS, Q3 2026 earnings at ($0.06) EPS and FY2026 earnings at ($0.40) EPS.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. boosted their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Macquarie increased their target price on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Rosenblatt Securities lifted their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Wolfe Research upgraded shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group upped their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.76.

Warner Bros. Discovery Trading Down 0.4 %

NASDAQ WBD traded down $0.04 during trading hours on Thursday, hitting $10.16. 22,033,577 shares of the company's stock were exchanged, compared to its average volume of 24,469,668. The firm has a market cap of $24.92 billion, a price-to-earnings ratio of -2.22, a PEG ratio of 7.98 and a beta of 1.49. The stock has a 50-day simple moving average of $10.45 and a 200 day simple moving average of $8.98. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery has a 1-year low of $6.64 and a 1-year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same quarter in the previous year, the business earned ($0.17) earnings per share. Warner Bros. Discovery's revenue for the quarter was down 3.6% on a year-over-year basis.

Institutional Investors Weigh In On Warner Bros. Discovery

Several large investors have recently bought and sold shares of the business. Stonebridge Financial Group LLC bought a new position in shares of Warner Bros. Discovery during the 4th quarter valued at $26,000. SRS Capital Advisors Inc. lifted its holdings in Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after acquiring an additional 1,940 shares during the period. Ethos Financial Group LLC purchased a new position in Warner Bros. Discovery in the fourth quarter worth about $29,000. Briaud Financial Planning Inc grew its stake in shares of Warner Bros. Discovery by 258.1% during the 4th quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock valued at $29,000 after purchasing an additional 2,000 shares during the period. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Warner Bros. Discovery in the 4th quarter worth approximately $33,000. 59.95% of the stock is currently owned by institutional investors.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the sale, the insider now directly owns 599,317 shares of the company's stock, valued at approximately $7,407,558.12. This represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.80% of the company's stock.

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.