Barrington Research Issues Negative Outlook for WBD Earnings

Warner Bros. Discovery, Inc. (NASDAQ:WBD) – Stock analysts at Barrington Research decreased their FY2024 earnings estimates for shares of Warner Bros. Discovery in a research report issued to clients and investors on Tuesday, February 4th. Barrington Research analyst P. Sholl now expects that the company will post earnings per share of ($4.48) for the year, down from their prior estimate of ($4.44). Barrington Research has a “Outperform” rating and a $16.00 price target on the stock. The consensus estimate for Warner Bros. Discovery’s current full-year earnings is ($4.33) per share. Barrington Research also issued estimates for Warner Bros. Discovery’s Q4 2024 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.14) EPS, Q2 2025 earnings at ($0.30) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.05) EPS, FY2025 earnings at ($0.58) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.30) EPS, Q3 2026 earnings at ($0.06) EPS and FY2026 earnings at ($0.40) EPS.

A number of other research analysts also recently issued reports on the stock. Guggenheim raised their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and raised their price target for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Bank of America restated a “buy” rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price objective on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Warner Bros. Discovery presently has an average rating of “Moderate Buy” and a consensus target price of $11.76.

Warner Bros. Discovery Trading Up 1.3 %

NASDAQ WBD opened at $10.19 on Thursday. Warner Bros. Discovery has a 12 month low of $6.64 and a 12 month high of $12.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $25.00 billion, a price-to-earnings ratio of -2.22, a price-to-earnings-growth ratio of 6.36 and a beta of 1.49. The company’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $8.96.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $9.79 billion. During the same period in the prior year, the firm posted ($0.17) EPS. The firm’s revenue was down 3.6% compared to the same quarter last year.

Institutional Trading of Warner Bros. Discovery

Several institutional investors have recently made changes to their positions in WBD. State Street Corp lifted its stake in Warner Bros. Discovery by 4.1% in the third quarter. State Street Corp now owns 151,285,963 shares of the company’s stock valued at $1,248,109,000 after acquiring an additional 5,898,611 shares during the last quarter. Sessa Capital IM L.P. raised its position in shares of Warner Bros. Discovery by 24.7% in the third quarter. Sessa Capital IM L.P. now owns 28,410,428 shares of the company’s stock valued at $234,386,000 after purchasing an additional 5,625,545 shares during the period. Pine Valley Investments Ltd Liability Co bought a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $23,825,000. Drexel Morgan & Co. raised its position in shares of Warner Bros. Discovery by 43.5% in the third quarter. Drexel Morgan & Co. now owns 6,600,463 shares of the company’s stock valued at $54,454,000 after purchasing an additional 2,000,000 shares during the period. Finally, Coronation Fund Managers Ltd. increased its position in Warner Bros. Discovery by 54.1% during the fourth quarter. Coronation Fund Managers Ltd. now owns 5,644,290 shares of the company’s stock worth $59,660,000 after acquiring an additional 1,981,050 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

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.