Zacks: Analysts Expect Warner Bros. Discovery, Inc. (NASDAQ:WBD) to Post $0.56 Earnings Per Share

Wall Street analysts expect Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) to report earnings of $0.56 per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Warner Bros. Discovery’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.01. Warner Bros. Discovery posted earnings of $0.21 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 166.7%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Warner Bros. Discovery will report full-year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $0.84 to $3.49. For the next year, analysts anticipate that the company will post earnings of $2.92 per share, with EPS estimates ranging from $1.60 to $3.94. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Warner Bros. Discovery.

Several research firms recently weighed in on WBD. Bank of America began coverage on shares of Warner Bros. Discovery in a report on Wednesday. They set a “buy” rating and a $45.00 price target on the stock. Evercore ISI upgraded shares of Warner Bros. Discovery from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Monday. Finally, Atlantic Securities upgraded shares of Warner Bros. Discovery from a “neutral” rating to an “overweight” rating and set a $40.00 price target on the stock in a report on Monday.

Warner Bros. Discovery stock opened at $24.88 on Tuesday. Warner Bros. Discovery has a fifty-two week low of $22.53 and a fifty-two week high of $27.50. The stock has a market cap of $12.60 billion, a P/E ratio of 16.16, a PEG ratio of 1.21 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.10 and a current ratio of 2.10.

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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