Analysts expect Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) to post $3.14 billion in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Warner Bros. Discovery’s earnings. The lowest sales estimate is $3.07 billion and the highest is $3.22 billion. Warner Bros. Discovery posted sales of $2.79 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 12.5%. The business is expected to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Warner Bros. Discovery will report full year sales of $12.48 billion for the current year, with estimates ranging from $12.20 billion to $12.62 billion. For the next fiscal year, analysts forecast that the company will post sales of $12.66 billion, with estimates ranging from $12.11 billion to $13.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Warner Bros. Discovery.
A number of analysts have weighed in on WBD shares. Bank of America began coverage on shares of Warner Bros. Discovery in a research report on Wednesday. They issued a “buy” rating and a $45.00 price target on the stock. Atlantic Securities upgraded shares of Warner Bros. Discovery from a “neutral” rating to an “overweight” rating and set a $40.00 target price on the stock in a report on Monday. Finally, Evercore ISI raised shares of Warner Bros. Discovery from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Monday.
About Warner Bros. Discovery (Get Rating)
Warner Bros. Discovery, Inc, a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It also produces, develops, and distributes feature films, television, gaming, and other content in various physical and digital formats through basic networks, direct-to-consumer or theatrical, TV content, and games licensing.
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