Q4 EPS Forecast for Warner Bros. Discovery Cut by Analyst

Key Points

• Barrington Research has revised its Q4 2025 earnings estimate for Warner Bros. Discovery, lowering the forecast from $0.05 EPS to $0.04 EPS.
• Warner Bros. Discovery's last quarterly earnings report indicated a loss of ($0.18 EPS, falling short of analysts' expectations of ($0.12 EPS), with a revenue drop of 9.8% year-over-year.
• Analysts maintain a generally positive outlook with a current consensus rating of "Moderate Buy," and price targets range from $12.66 to $18.00 across various brokerages.

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) - Barrington Research dropped their Q4 2025 earnings per share estimates for shares of Warner Bros. Discovery in a note issued to investors on Wednesday, July 30th. Barrington Research analyst P. Sholl now anticipates that the company will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.05. 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 2026 earnings at $0.09 EPS.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 30.56% and a negative net margin of 28.16%. The firm had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $9.66 billion. During the same period in the previous year, the business posted ($0.40) earnings per share. The company's revenue for the quarter was down 9.8% on a year-over-year basis.

A number of other brokerages have also recently commented on WBD. KeyCorp lifted their target price on Warner Bros. Discovery from $13.00 to $18.00 and gave the stock an "overweight" rating in a report on Wednesday. Huber Research upgraded Warner Bros. Discovery from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 9th. Benchmark restated a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a report on Monday, July 14th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a report on Tuesday, June 10th. Finally, Wells Fargo & Company boosted their price objective on Warner Bros. Discovery from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Twelve equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of "Moderate Buy" and an average price target of $12.66.

Warner Bros. Discovery Price Performance

WBD traded down $0.30 on Thursday, hitting $12.87. 59,355,551 shares of the company's stock traded hands, compared to its average volume of 75,685,344. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99. Warner Bros. Discovery has a one year low of $6.64 and a one year high of $13.86. The company's 50 day simple moving average is $11.27 and its 200-day simple moving average is $10.24. The firm has a market cap of $31.59 billion, a price-to-earnings ratio of -2.92 and a beta of 1.57.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Independent Franchise Partners LLP purchased a new position in Warner Bros. Discovery in the first quarter valued at about $140,224,000. FMR LLC increased its position in shares of Warner Bros. Discovery by 478.5% during the fourth quarter. FMR LLC now owns 14,278,600 shares of the company's stock worth $150,925,000 after acquiring an additional 11,810,191 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Warner Bros. Discovery during the first quarter worth about $96,971,000. Slate Path Capital LP increased its position in shares of Warner Bros. Discovery by 36.6% during the fourth quarter. Slate Path Capital LP now owns 23,801,000 shares of the company's stock worth $251,577,000 after acquiring an additional 6,381,000 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Warner Bros. Discovery by 682.8% during the first quarter. KBC Group NV now owns 7,145,308 shares of the company's stock worth $76,669,000 after acquiring an additional 6,232,561 shares during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

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.