Zacks: Analysts Expect Discovery Communications Inc. (DISCA) Will Announce Quarterly Sales of $2.74 Billion

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Equities research analysts expect that Discovery Communications Inc. (NASDAQ:DISCA) will report sales of $2.74 billion for the current quarter, Zacks reports. Four analysts have made estimates for Discovery Communications’ earnings. The highest sales estimate is $2.80 billion and the lowest is $2.69 billion. Discovery Communications posted sales of $2.31 billion in the same quarter last year, which suggests a positive year over year growth rate of 18.6%. The firm is expected to report its next earnings report before the market opens on Thursday, May 2nd.

According to Zacks, analysts expect that Discovery Communications will report full year sales of $11.17 billion for the current fiscal year, with estimates ranging from $11.07 billion to $11.37 billion. For the next fiscal year, analysts forecast that the business will post sales of $11.72 billion, with estimates ranging from $11.18 billion to $12.06 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last released its earnings results on Tuesday, February 26th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.07). The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.85 billion. Discovery Communications had a return on equity of 17.30% and a net margin of 5.63%. The firm’s revenue for the quarter was up 50.7% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share.

Several research firms recently weighed in on DISCA. Zacks Investment Research lowered Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. ValuEngine upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. TheStreet upgraded Discovery Communications from a “c” rating to a “b” rating in a research note on Tuesday, February 26th. Imperial Capital reiterated an “in-line” rating and set a $30.00 price target (down previously from $31.00) on shares of Discovery Communications in a research note on Wednesday, January 9th. Finally, Pivotal Research upgraded Discovery Communications from a “sell” rating to a “hold” rating and set a $27.00 price target for the company in a research note on Thursday, December 6th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Discovery Communications presently has a consensus rating of “Buy” and a consensus target price of $33.03.

In other Discovery Communications news, General Counsel Savalle Sims sold 16,623 shares of Discovery Communications stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $28.57, for a total value of $474,919.11. Following the sale, the general counsel now owns 48,684 shares of the company’s stock, valued at approximately $1,390,901.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.73% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp bought a new stake in shares of Discovery Communications during the 4th quarter worth $30,000. Smithfield Trust Co. purchased a new position in shares of Discovery Communications in the fourth quarter valued at about $47,000. Rational Advisors LLC increased its position in shares of Discovery Communications by 26.3% in the fourth quarter. Rational Advisors LLC now owns 2,018 shares of the company’s stock valued at $50,000 after acquiring an additional 420 shares during the period. Athena Capital Advisors LLC purchased a new position in shares of Discovery Communications in the fourth quarter valued at about $66,000. Finally, Exane Asset Management purchased a new position in shares of Discovery Communications in the fourth quarter valued at about $69,000. 34.32% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ DISCA remained flat at $$27.43 on Friday. 5,389,844 shares of the company’s stock traded hands, compared to its average volume of 3,899,131. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.06 and a current ratio of 1.06. Discovery Communications has a twelve month low of $20.59 and a twelve month high of $34.89. The firm has a market cap of $14.10 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.31 and a beta of 1.37.

Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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