Q2 2024 EPS Estimates for Warner Bros. Discovery, Inc. Increased by Barrington Research (NASDAQ:WBD)

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) - Stock analysts at Barrington Research raised their Q2 2024 EPS estimates for shares of Warner Bros. Discovery in a note issued to investors on Monday, May 13th. Barrington Research analyst J. Goss now expects that the company will post earnings of ($0.20) per share for the quarter, up from their previous estimate of ($0.31). Barrington Research currently has a "Outperform" rating and a $18.00 price target on the stock. The consensus estimate for Warner Bros. Discovery's current full-year earnings is ($0.34) per share. Barrington Research also issued estimates for Warner Bros. Discovery's Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at $0.01 EPS, FY2024 earnings at ($0.61) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.18) EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.26) EPS, Q1 2026 earnings at ($0.07) EPS and FY2026 earnings at ($0.11) EPS.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The company had revenue of $9.96 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the company posted $0.18 earnings per share. The firm's revenue for the quarter was down 6.9% compared to the same quarter last year.

WBD has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a report on Friday, May 10th. Wells Fargo & Company lowered shares of Warner Bros. Discovery from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $16.00 to $12.00 in a research report on Monday, January 29th. Macquarie lowered their target price on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, January 22nd. Rosenblatt Securities raised shares of Warner Bros. Discovery from a "sell" rating to a "neutral" rating and upped their price target for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.32.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD traded down $0.36 during mid-day trading on Wednesday, hitting $8.20. The stock had a trading volume of 33,098,536 shares, compared to its average volume of 27,874,637. Warner Bros. Discovery has a 52 week low of $7.34 and a 52 week high of $14.76. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $20.01 billion, a price-to-earnings ratio of -6.90 and a beta of 1.51. The company has a 50 day simple moving average of $8.39 and a 200-day simple moving average of $9.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WBD. Forum Financial Management LP grew its stake in Warner Bros. Discovery by 2.3% during the 3rd quarter. Forum Financial Management LP now owns 42,179 shares of the company's stock valued at $458,000 after acquiring an additional 948 shares in the last quarter. Bridgeworth LLC grew its position in Warner Bros. Discovery by 7.4% during the fourth quarter. Bridgeworth LLC now owns 13,845 shares of the company's stock valued at $158,000 after purchasing an additional 952 shares in the last quarter. Czech National Bank increased its stake in Warner Bros. Discovery by 0.3% in the 4th quarter. Czech National Bank now owns 388,660 shares of the company's stock valued at $4,423,000 after buying an additional 996 shares during the period. Harbour Capital Advisors LLC lifted its position in Warner Bros. Discovery by 1.8% in the 4th quarter. Harbour Capital Advisors LLC now owns 56,833 shares of the company's stock worth $642,000 after buying an additional 1,025 shares in the last quarter. Finally, Column Capital Advisors LLC boosted its stake in shares of Warner Bros. Discovery by 26.7% during the 3rd quarter. Column Capital Advisors LLC now owns 5,049 shares of the company's stock valued at $55,000 after buying an additional 1,063 shares during the period. Hedge funds and other institutional investors own 59.95% of the company's stock.

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.