Analysts Anticipate Discovery Communications, Inc. (DISCB) to Post $0.68 EPS

Wall Street brokerages expect Discovery Communications, Inc. (NASDAQ:DISCB) to announce earnings per share of $0.68 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Discovery Communications’ earnings. Discovery Communications posted earnings per share of $0.71 during the same quarter last year, which would suggest a negative year over year growth rate of 4.2%. The firm is scheduled to report its next earnings results before the market opens on Tuesday, August 8th.

On average, analysts expect that Discovery Communications will report full year earnings of $2.13 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $2.33 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Discovery Communications.

Discovery Communications (NASDAQ:DISCB) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.09. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The company had revenue of $1.61 billion during the quarter.

Separately, Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Monday, June 19th.

Discovery Communications (DISCB) traded up 0.000% during trading on Monday, hitting $27.745. The company had a trading volume of 200 shares. Discovery Communications has a 12 month low of $25.21 and a 12 month high of $30.80. The company has a market cap of $12.29 billion, a PE ratio of 14.511 and a beta of 1.57. The company’s 50 day moving average price is $26.63 and its 200-day moving average price is $28.10.

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About Discovery Communications

Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

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