Analysts Anticipate Discovery Inc Series C (DISCK) Will Post Earnings of $1.39 Per Share

Brokerages expect Discovery Inc Series C (NASDAQ:DISCK) to report earnings per share (EPS) of $1.39 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Discovery Inc Series C’s earnings. The lowest EPS estimate is $0.98 and the highest is $1.79. Discovery Inc Series C reported earnings per share of $0.66 in the same quarter last year, which indicates a positive year-over-year growth rate of 110.6%. The business is scheduled to report its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Discovery Inc Series C will report full-year earnings of $4.09 per share for the current financial year, with EPS estimates ranging from $3.67 to $4.51. For the next fiscal year, analysts expect that the company will report earnings of $3.87 per share, with EPS estimates ranging from $3.82 to $3.91. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Discovery Inc Series C.

Discovery Inc Series C (NASDAQ:DISCK) last posted its earnings results on Thursday, May 2nd. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.04. The firm had revenue of $2.71 billion for the quarter. Discovery Inc Series C had a return on equity of 20.10% and a net margin of 9.00%.

A number of research firms have weighed in on DISCK. BidaskClub lowered shares of Discovery Inc Series C from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. Finally, TheStreet raised shares of Discovery Inc Series C from a “c” rating to a “b” rating in a research report on Tuesday, February 26th.

A number of institutional investors have recently bought and sold shares of DISCK. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Discovery Inc Series C during the 4th quarter worth $26,000. Baldwin Brothers Inc. MA purchased a new stake in Discovery Inc Series C in the fourth quarter valued at $32,000. Daiwa SB Investments Ltd. purchased a new stake in Discovery Inc Series C in the first quarter valued at $39,000. Somerset Trust Co lifted its position in Discovery Inc Series C by 149.0% in the first quarter. Somerset Trust Co now owns 1,636 shares of the company’s stock valued at $42,000 after acquiring an additional 979 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in Discovery Inc Series C in the first quarter valued at $42,000. Hedge funds and other institutional investors own 59.86% of the company’s stock.

Shares of Discovery Inc Series C stock opened at $26.25 on Friday. The stock has a market capitalization of $13.74 billion, a P/E ratio of 12.44 and a beta of 1.34. Discovery Inc Series C has a twelve month low of $19.25 and a twelve month high of $31.55. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.16 and a current ratio of 1.16.

About Discovery Inc Series C

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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