Barrington Research Issues Positive Outlook for WBD Earnings

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) - Barrington Research increased their FY2024 earnings estimates for shares of Warner Bros. Discovery in a report released on Monday, November 11th. Barrington Research analyst J. Goss now anticipates that the company will post earnings of ($4.44) per share for the year, up from their previous estimate of ($4.65). Barrington Research has a "Outperform" rating and a $12.00 price objective 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.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced 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. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same period in the prior year, the firm posted ($0.17) earnings per share. The firm's revenue was down 3.6% on a year-over-year basis.

Several other equities analysts have also commented on WBD. Wolfe Research raised Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research report on Monday. Raymond James raised their price target on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Morgan Stanley cut their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Warner Bros. Discovery from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price target on Warner Bros. Discovery from $9.00 to $7.00 and set an "equal weight" rating for the company in a 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.55.

Warner Bros. Discovery Stock Up 1.5 %

NASDAQ:WBD traded up $0.15 during mid-day trading on Thursday, hitting $9.87. The company had a trading volume of 18,125,484 shares, compared to its average volume of 29,285,098. Warner Bros. Discovery has a 1 year low of $6.64 and a 1 year high of $12.70. The business has a fifty day simple moving average of $8.01 and a 200-day simple moving average of $7.86. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $24.20 billion, a price-to-earnings ratio of -2.12 and a beta of 1.48.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WBD. OFI Invest Asset Management lifted its stake in shares of Warner Bros. Discovery by 45.9% in the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company's stock worth $27,000 after buying an additional 1,221 shares during the last quarter. Commerce Bank boosted its stake in Warner Bros. Discovery by 2.4% in the 3rd quarter. Commerce Bank now owns 55,963 shares of the company's stock worth $462,000 after purchasing an additional 1,286 shares during the period. GAM Holding AG boosted its position in Warner Bros. Discovery by 0.3% during the third quarter. GAM Holding AG now owns 457,685 shares of the company's stock valued at $3,776,000 after purchasing an additional 1,437 shares during the last quarter. Waldron Private Wealth LLC lifted its stake in Warner Bros. Discovery by 5.4% in the 3rd quarter. Waldron Private Wealth LLC now owns 28,348 shares of the company's stock valued at $234,000 after purchasing an additional 1,461 shares during the last quarter. Finally, PFG Investments LLC boosted its position in shares of Warner Bros. Discovery by 1.4% in the third quarter. PFG Investments LLC now owns 112,307 shares of the company's stock valued at $927,000 after acquiring an additional 1,517 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

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.