Warner Bros. Discovery (WBD) Scheduled to Post Earnings on Thursday

Warner Bros. Discovery (NASDAQ:WBD) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Warner Bros. Discovery to post earnings of ($0.23) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $10.28 billion for the quarter, compared to analysts’ expectations of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. Warner Bros. Discovery’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS. On average, analysts expect Warner Bros. Discovery to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Warner Bros. Discovery Stock Performance

WBD opened at $7.77 on Wednesday. Warner Bros. Discovery has a twelve month low of $7.34 and a twelve month high of $14.76. The firm has a market capitalization of $18.96 billion, a PE ratio of -6.07 and a beta of 1.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. The firm’s 50-day moving average price is $8.42 and its 200 day moving average price is $9.83.

Analysts Set New Price Targets

A number of equities analysts have commented on WBD shares. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Warner Bros. Discovery in a research note on Monday, March 4th. Barclays decreased their price objective on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, February 29th. Wolfe Research cut Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 target price for the company. in a research note on Tuesday, April 23rd. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and lifted their target price for the company from $7.00 to $10.00 in a research report on Thursday, March 21st. Finally, Macquarie lowered their target price on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.83.

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.