Brokerages Expect Discovery Inc Series C (NASDAQ:DISCK) Will Announce Earnings of $1.39 Per Share

Wall Street analysts expect Discovery Inc Series C (NASDAQ:DISCK) to post $1.39 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Discovery Inc Series C’s earnings, with estimates ranging from $0.98 to $1.79. Discovery Inc Series C reported earnings per share of $0.66 in the same quarter last year, which indicates a positive year over year growth rate of 110.6%. The company is scheduled to report its next earnings results before the market opens on Tuesday, August 6th.

According to Zacks, analysts expect that Discovery Inc Series C will report full year earnings of $4.09 per share for the current year, with EPS estimates ranging from $3.67 to $4.51. For the next financial year, analysts forecast that the company will post earnings of $3.87 per share, with EPS estimates ranging from $3.82 to $3.91. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Discovery Inc Series C.

Discovery Inc Series C (NASDAQ:DISCK) last issued its earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Discovery Inc Series C had a net margin of 9.00% and a return on equity of 20.10%. The firm had revenue of $2.71 billion for the quarter.

Several analysts recently weighed in on DISCK shares. BidaskClub cut shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. TheStreet upgraded shares of Discovery Inc Series C from a “c” rating to a “b” rating in a report on Tuesday, February 26th. Finally, Zacks Investment Research cut shares of Discovery Inc Series C from a “hold” rating to a “sell” rating in a report on Monday, February 18th.

Shares of Discovery Inc Series C stock traded down $0.93 on Friday, hitting $26.84. The stock had a trading volume of 4,180,885 shares, compared to its average volume of 2,965,232. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 12.72 and a beta of 1.34. Discovery Inc Series C has a one year low of $21.99 and a one year high of $31.55. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.16 and a current ratio of 1.16.

A number of large investors have recently added to or reduced their stakes in the stock. Daiwa SB Investments Ltd. purchased a new position in Discovery Inc Series C during the first quarter valued at $39,000. Somerset Trust Co lifted its position in Discovery Inc Series C by 149.0% during the first quarter. Somerset Trust Co now owns 1,636 shares of the company’s stock valued at $42,000 after buying an additional 979 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in Discovery Inc Series C during the first quarter valued at $42,000. Legacy Bridge LLC purchased a new position in Discovery Inc Series C during the first quarter valued at $49,000. Finally, Princeton Global Asset Management LLC purchased a new position in Discovery Inc Series C during the fourth quarter valued at $51,000. Institutional investors and hedge funds own 56.60% of the company’s stock.

Discovery Inc Series C 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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