KeyCorp Analysts Lower Earnings Estimates for Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Warner Bros. Discovery, Inc. (NASDAQ:WBDGet Rating) – Equities research analysts at KeyCorp cut their Q4 2022 earnings estimates for shares of Warner Bros. Discovery in a note issued to investors on Tuesday, January 17th. KeyCorp analyst B. Nispel now expects that the company will earn ($0.45) per share for the quarter, down from their previous forecast of ($0.05). The consensus estimate for Warner Bros. Discovery’s current full-year earnings is $0.65 per share. KeyCorp also issued estimates for Warner Bros. Discovery’s FY2023 earnings at ($0.50) EPS.

Several other research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Warner Bros. Discovery from $48.00 to $35.00 in a report on Tuesday, November 8th. Guggenheim raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $16.50 price objective for the company in a research report on Wednesday, January 11th. Credit Suisse Group lowered their price target on Warner Bros. Discovery from $39.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, October 13th. Citigroup reduced their price objective on Warner Bros. Discovery from $21.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, November 10th. Finally, Morgan Stanley cut their price target on Warner Bros. Discovery from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, December 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and an average target price of $22.18.

Warner Bros. Discovery Trading Up 4.4 %

Shares of WBD opened at $13.02 on Friday. Warner Bros. Discovery has a 1-year low of $8.82 and a 1-year high of $27.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50 day simple moving average is $10.92 and its 200 day simple moving average is $12.36. The company has a market capitalization of $31.62 billion, a P/E ratio of -7.75, a P/E/G ratio of 1.16 and a beta of 1.37.

Warner Bros. Discovery (NASDAQ:WBDGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. Warner Bros. Discovery had a negative net margin of 20.13% and a positive return on equity of 2.18%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $10.51 billion.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WBD. Country Trust Bank purchased a new stake in Warner Bros. Discovery during the 3rd quarter valued at approximately $25,000. JCIC Asset Management Inc. acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter worth approximately $25,000. Peoples Financial Services CORP. acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter worth approximately $25,000. Financial Management Professionals Inc. acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter worth approximately $26,000. Finally, Guardian Wealth Advisors LLC acquired a new stake in Warner Bros. Discovery during the 3rd quarter valued at $26,000. 55.18% of the stock is owned by institutional investors and hedge funds.

About Warner Bros. Discovery

(Get Rating)

Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.

See Also

Earnings History and Estimates for Warner Bros. Discovery (NASDAQ:WBD)

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