Analysts Offer Predictions for Warner Bros. Discovery, Inc.’s Q3 2024 Earnings (NASDAQ:WBD)

Warner Bros. Discovery, Inc. (NASDAQ:WBD) – Stock analysts at Seaport Res Ptn decreased their Q3 2024 earnings estimates for Warner Bros. Discovery in a research report issued to clients and investors on Tuesday, October 1st. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of ($0.16) per share for the quarter, down from their previous estimate of ($0.09). The consensus estimate for Warner Bros. Discovery’s current full-year earnings is ($4.17) per share. Seaport Res Ptn also issued estimates for Warner Bros. Discovery’s Q4 2024 earnings at $0.01 EPS, FY2024 earnings at ($4.62) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at ($0.39) EPS.

Several other research firms have also recently issued reports on WBD. Barclays lowered their target price on shares of Warner Bros. Discovery from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Rosenblatt Securities reiterated a “neutral” rating and set a $9.00 target price on shares of Warner Bros. Discovery in a research note on Friday, September 13th. TD Cowen dropped their price target on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.73.

Warner Bros. Discovery Trading Up 0.5 %

Shares of NASDAQ:WBD opened at $7.78 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.76 and a quick ratio of 0.76. Warner Bros. Discovery has a 1 year low of $6.64 and a 1 year high of $12.70. The company has a market cap of $19.06 billion, a P/E ratio of -6.27 and a beta of 1.48. The stock’s fifty day moving average price is $7.83 and its 200-day moving average price is $7.94.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($4.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($3.89). The business had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company posted ($0.51) earnings per share.

Institutional Trading of Warner Bros. Discovery

Several institutional investors and hedge funds have recently added to or reduced their stakes in WBD. University of Texas Texas AM Investment Managment Co. purchased a new stake in Warner Bros. Discovery in the 4th quarter worth $33,000. Crewe Advisors LLC bought a new position in Warner Bros. Discovery during the first quarter valued at approximately $27,000. First Financial Corp IN grew its holdings in Warner Bros. Discovery by 577.4% during the 1st quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock valued at $30,000 after buying an additional 2,887 shares in the last quarter. Family Firm Inc. bought a new stake in Warner Bros. Discovery in the 2nd quarter worth approximately $26,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Warner Bros. Discovery in the 1st quarter worth approximately $33,000. Institutional investors own 59.95% of the company’s stock.

About Warner Bros. Discovery

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.