Todays Report: The Q3 2016 Earnings Forecast for Discovery Communications Inc. (DISCA) Issued By Jefferies Group

The Q3 2016 Earnings Forecast for Discovery Communications Inc. (DISCA) Issued By Jefferies Group

Discovery Communications Inc. (NASDAQ:DISCA) – Analysts at Jefferies Group dropped their Q3 2016 earnings per share estimates for Discovery Communications in a report released on Monday. Jefferies Group analyst J. Janedis now anticipates that the firm will post earnings per share of $0.43 for the quarter, down from their prior estimate of $0.45. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Discovery Communications’ FY2016 earnings at $2.14 EPS, Q3 2017 earnings at $0.55 EPS and FY2018 earnings at $2.79 EPS.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. Discovery Communications had a return on equity of 23.45% and a net margin of 18.06%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis.

Several other equities analysts also recently issued reports on DISCA. Sanford C. Bernstein restated an “underperform” rating on shares of Discovery Communications in a research note on Friday, June 17th. Royal Bank Of Canada restated a “buy” rating and issued a $36.00 price objective on shares of Discovery Communications in a research note on Monday, June 27th. JPMorgan Chase & Co. restated a “hold” rating on shares of Discovery Communications in a research note on Saturday, July 9th. Zacks Investment Research downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Finally, MKM Partners decreased their price objective on shares of Discovery Communications from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, July 18th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.15.

Shares of Discovery Communications (NASDAQ:DISCA) opened at 25.68 on Wednesday. The stock’s 50 day moving average price is $25.84 and its 200-day moving average price is $26.57. Discovery Communications has a 52-week low of $23.66 and a 52-week high of $31.80. The firm has a market capitalization of $10.74 billion, a PE ratio of 13.96 and a beta of 1.59.

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock worth $104,000 after buying an additional 381 shares during the period. Pacer Advisors Inc. raised its stake in shares of Discovery Communications by 3.7% in the second quarter. Pacer Advisors Inc. now owns 4,507 shares of the company’s stock worth $114,000 after buying an additional 160 shares during the period. Advisor Group Inc. purchased a new stake in shares of Discovery Communications during the second quarter worth about $116,000. Creative Planning raised its stake in shares of Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock worth $132,000 after buying an additional 503 shares during the period. Finally, Euclid Advisors LLC raised its stake in shares of Discovery Communications by 9.5% in the first quarter. Euclid Advisors LLC now owns 5,200 shares of the company’s stock worth $149,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 40.59% of the company’s stock.

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