Brokerages predict that Discovery Communications Inc. (NASDAQ:DISCA) will report earnings of $1.01 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Discovery Communications’ earnings. The highest EPS estimate is $1.10 and the lowest is $0.95. Discovery Communications reported earnings of $0.66 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 53%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, August 6th.

According to Zacks, analysts expect that Discovery Communications will report full-year earnings of $3.81 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $4.40. For the next year, analysts expect that the firm will post earnings of $4.14 per share, with EPS estimates ranging from $3.82 to $4.59. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Discovery Communications.

Discovery Communications (NASDAQ:DISCA) last released its earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. Discovery Communications had a return on equity of 20.10% and a net margin of 9.00%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis.

DISCA has been the topic of several research analyst reports. BidaskClub raised Discovery Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. TheStreet raised Discovery Communications from a “c” rating to a “b” rating in a research note on Tuesday, February 26th. Credit Suisse Group boosted their price target on Discovery Communications from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, February 27th. Barrington Research reissued a “buy” rating and issued a $40.00 price target on shares of Discovery Communications in a research note on Tuesday, February 26th. Finally, Wolfe Research cut Discovery Communications from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $33.89.

In related news, CEO Peter Faricy bought 35,900 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $27.91 per share, with a total value of $1,001,969.00. Following the completion of the transaction, the chief executive officer now directly owns 182,367 shares of the company’s stock, valued at $5,089,862.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.43% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of DISCA. Oregon Public Employees Retirement Fund grew its position in Discovery Communications by 4,198.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,944,085 shares of the company’s stock worth $119,000 after acquiring an additional 2,875,598 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Discovery Communications by 17.4% during the 1st quarter. JPMorgan Chase & Co. now owns 10,743,754 shares of the company’s stock valued at $290,295,000 after acquiring an additional 1,595,179 shares during the period. FMR LLC grew its position in shares of Discovery Communications by 10.4% during the 4th quarter. FMR LLC now owns 13,217,760 shares of the company’s stock valued at $327,007,000 after acquiring an additional 1,243,094 shares during the period. BlackRock Inc. grew its position in shares of Discovery Communications by 11.8% during the 4th quarter. BlackRock Inc. now owns 10,885,778 shares of the company’s stock valued at $269,315,000 after acquiring an additional 1,151,368 shares during the period. Finally, TCW Group Inc. grew its position in shares of Discovery Communications by 2,789.9% during the 1st quarter. TCW Group Inc. now owns 1,142,859 shares of the company’s stock valued at $30,880,000 after acquiring an additional 1,103,312 shares during the period. Institutional investors own 34.49% of the company’s stock.

NASDAQ:DISCA traded up $0.36 on Friday, hitting $29.33. 76,214 shares of the company’s stock traded hands, compared to its average volume of 4,027,922. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.16. Discovery Communications has a 1 year low of $23.66 and a 1 year high of $34.89. The stock has a market cap of $15.49 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.39 and a beta of 1.42.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Earnings History and Estimates for Discovery Communications (NASDAQ:DISCA)

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