Seaport Res Ptn Has Negative Outlook of WBD FY2024 Earnings

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) - Stock analysts at Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for shares of Warner Bros. Discovery in a research report issued to clients and investors on Monday, January 13th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of ($4.44) per share for the year, down from their previous forecast 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.

WBD has been the topic of several other research reports. The Goldman Sachs Group lifted their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a report on Thursday, December 19th. Rosenblatt Securities increased their target price on Warner Bros. Discovery from $9.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. KeyCorp lifted their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Finally, Macquarie upped 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. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $11.56.

Warner Bros. Discovery Trading Up 0.6 %

WBD stock traded up $0.06 during midday trading on Thursday, reaching $9.53. 15,513,378 shares of the company's stock traded hands, compared to its average volume of 26,309,389. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The business has a 50-day moving average price of $10.36 and a two-hundred day moving average price of $8.70. The company has a market capitalization of $23.37 billion, a P/E ratio of -2.08, a PEG ratio of 9.12 and a beta of 1.50. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company's revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.17) EPS.

Insiders Place Their Bets

In other Warner Bros. Discovery 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 transaction of $2,094,228.96. Following the completion of the transaction, the insider now directly owns 599,317 shares of the company's stock, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WBD. Sugar Maple Asset Management LLC acquired a new position in Warner Bros. Discovery in the fourth quarter worth approximately $33,000. Future Financial Wealth Managment LLC acquired a new position in shares of Warner Bros. Discovery in the 3rd quarter worth $41,000. Larson Financial Group LLC raised its position in shares of Warner Bros. Discovery by 54.1% during the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock worth $41,000 after purchasing an additional 1,754 shares during the period. Quarry LP lifted its holdings in shares of Warner Bros. Discovery by 2,185.1% during the second quarter. Quarry LP now owns 6,307 shares of the company's stock valued at $47,000 after purchasing an additional 6,031 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Warner Bros. Discovery by 448.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company's stock valued at $48,000 after purchasing an additional 3,743 shares during the period. Institutional investors own 59.95% 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.