WBD FY2024 EPS Estimate Raised by Barrington Research

Warner Bros. Discovery, Inc. (NASDAQ:WBD) – Stock analysts at Barrington Research raised their FY2024 earnings per share estimates for Warner Bros. Discovery in a research report issued to clients and investors on Monday, November 11th. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of ($4.44) for the year, up from their previous estimate of ($4.65). Barrington Research currently has a “Outperform” rating and a $12.00 price target on the stock. The consensus estimate for Warner Bros. Discovery’s current full-year earnings is ($4.37) per share. Barrington Research also issued estimates for Warner Bros. Discovery’s Q4 2024 earnings at ($0.03) EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.25) EPS, FY2025 earnings at ($0.34) EPS, Q1 2026 earnings at ($0.02) EPS, Q2 2026 earnings at ($0.28) EPS and FY2026 earnings at ($0.29) EPS.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.79 billion. During the same quarter last year, the business posted ($0.17) earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year.

A number of other research analysts have also weighed in on the company. Barclays raised their price objective on Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Benchmark restated a “buy” rating and set a $18.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Wolfe Research raised shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Finally, Morgan Stanley decreased their price target on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, July 29th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.55.

Warner Bros. Discovery Stock Performance

WBD opened at $9.22 on Thursday. The stock has a market capitalization of $22.61 billion, a price-to-earnings ratio of -2.01 and a beta of 1.48. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company has a fifty day moving average of $8.10 and a 200 day moving average of $7.88.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. OFI Invest Asset Management increased its stake in shares of Warner Bros. Discovery by 45.9% during the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company’s stock valued at $27,000 after buying an additional 1,221 shares during the period. Commerce Bank increased its position in Warner Bros. Discovery by 2.4% during the 3rd quarter. Commerce Bank now owns 55,963 shares of the company’s stock valued at $462,000 after purchasing an additional 1,286 shares during the period. GAM Holding AG raised its holdings in shares of Warner Bros. Discovery by 0.3% in the 3rd quarter. GAM Holding AG now owns 457,685 shares of the company’s stock valued at $3,776,000 after purchasing an additional 1,437 shares in the last quarter. Waldron Private Wealth LLC lifted its position in shares of Warner Bros. Discovery by 5.4% in the 3rd quarter. Waldron Private Wealth LLC now owns 28,348 shares of the company’s stock worth $234,000 after purchasing an additional 1,461 shares during the period. Finally, PFG Investments LLC boosted its stake in shares of Warner Bros. Discovery by 1.4% during the third quarter. PFG Investments LLC now owns 112,307 shares of the company’s stock valued at $927,000 after purchasing an additional 1,517 shares in the last quarter. Hedge funds and other institutional investors own 59.95% 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.