WBD FY2024 EPS Estimate Lifted by Barrington Research

Warner Bros. Discovery, Inc. (NASDAQ:WBD) – Equities researchers at Barrington Research lifted their FY2024 earnings per share (EPS) estimates for shares of Warner Bros. Discovery in a research report issued to clients and investors on Monday, November 11th. Barrington Research analyst J. Goss now expects that the company will earn ($4.44) per share for the year, up from their prior forecast of ($4.65). Barrington Research has a “Outperform” rating and a $12.00 price objective 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.

A number of other brokerages have also recently commented on WBD. Evercore ISI dropped their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on Warner Bros. Discovery from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Raymond James lifted their price target on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley cut their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, July 29th. Finally, Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a report on Friday, September 13th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.55.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $9.22 on Thursday. The company’s fifty day moving average price is $8.10 and its 200-day moving average price is $7.88. The stock has a market cap of $22.61 billion, a PE ratio of -2.01 and a beta of 1.48. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery has a 12 month low of $6.64 and a 12 month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the prior year, the firm earned ($0.17) earnings per share. Warner Bros. Discovery’s revenue was down 3.6% on a year-over-year basis.

Institutional Investors Weigh In On Warner Bros. Discovery

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Warner Bros. Discovery during the first quarter valued at $457,000. Empowered Funds LLC grew its stake in shares of Warner Bros. Discovery by 124.5% during the 1st quarter. Empowered Funds LLC now owns 52,891 shares of the company’s stock valued at $462,000 after acquiring an additional 29,330 shares during the period. Sei Investments Co. grew its stake in shares of Warner Bros. Discovery by 29.3% during the 1st quarter. Sei Investments Co. now owns 521,613 shares of the company’s stock valued at $4,554,000 after acquiring an additional 118,278 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Warner Bros. Discovery by 10.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 324,499 shares of the company’s stock worth $2,833,000 after acquiring an additional 29,642 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Warner Bros. Discovery by 0.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 2,496,912 shares of the company’s stock worth $21,798,000 after acquiring an additional 18,318 shares during the period. 59.95% of the stock is currently owned by institutional investors.

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.