Warner Bros. Discovery (WBD) to Release Earnings on Thursday

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $10.16 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD traded down $0.26 during midday trading on Friday, reaching $10.78. 35,870,318 shares of the stock traded hands, compared to its average volume of 24,452,722. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $26.45 billion, a PE ratio of -2.35, a P/E/G ratio of 8.64 and a beta of 1.49. Warner Bros. Discovery has a one year low of $6.64 and a one year high of $12.70. The company's 50 day moving average is $10.33 and its 200 day moving average is $9.13.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WBD shares. KeyCorp increased their target price on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. 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 report on Friday, December 13th. JPMorgan Chase & Co. increased 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. Barrington Research restated an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a report on Friday, December 13th. Finally, Barclays increased their price target on Warner Bros. Discovery from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $11.76.

Insider Activity

In other news, insider Savalle Sims sold 169,436 shares of the firm's 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 transaction, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a 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.