WBD FY2024 EPS Forecast Lowered by Barrington Research

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) - Research analysts at Barrington Research dropped their FY2024 earnings per share estimates for shares of Warner Bros. Discovery in a research note issued on Tuesday, February 4th. Barrington Research analyst P. Sholl now forecasts that the company will post earnings of ($4.48) per share for the year, down from their previous estimate of ($4.44). Barrington Research has a "Outperform" rating and a $16.00 price target 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.

Several other equities research analysts have also recently commented on WBD. The Goldman Sachs Group boosted their price target on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Rosenblatt Securities raised their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Macquarie boosted their price target on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Moffett Nathanson raised shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. Finally, Wolfe Research upgraded Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.76.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD traded down $0.18 during trading on Thursday, reaching $9.98. The company had a trading volume of 25,178,271 shares, compared to its average volume of 26,019,652. The firm has a market capitalization of $24.48 billion, a PE ratio of -2.18, a price-to-earnings-growth ratio of 7.98 and a beta of 1.49. 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 twelve month low of $6.64 and a twelve month high of $12.70. The firm's fifty day moving average is $10.44 and its 200 day moving average is $9.00.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released 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 net margin of 28.34% and a negative return on equity of 27.56%. The business 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 earned ($0.17) earnings per share. The company's quarterly revenue was down 3.6% on a year-over-year basis.

Institutional Investors Weigh In On Warner Bros. Discovery

Large investors have recently modified their holdings of the stock. Stonebridge Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at $26,000. SRS Capital Advisors Inc. raised its holdings in shares of 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 buying an additional 1,940 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in Warner Bros. Discovery in the 4th quarter valued at about $29,000. Briaud Financial Planning Inc raised its stake in shares of Warner Bros. Discovery by 258.1% in the fourth quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock worth $29,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $33,000. 59.95% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

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.