Published: Fri, November 04, 2016
Economy | By Melissa Porter

Discovery (DISCA) Q3 Earnings amp; Revenues Miss Estimates

Discovery (DISCA) Q3 Earnings amp; Revenues Miss Estimates

For the reporting quarter, equity analysts expect the stock to deliver $0.41 in earnings per share (EPS). The company's institutional ownership is monitored at 0 percent. The latest exchange of 6.88 Million shares is above its average trading activity of 1.71 Million shares. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and generally higher debt management risk.

Adjusted OIBDA by segment: U.S. Networks, $458M (up 3%); International Networks, $183M (down 16%); Education and other, -$1M vs. year-ago -$5M. The business's revenue for the quarter was down.1% on a year-over-year basis. Shares registered one year high at $31.80 and the one year low of $23.66. (NASDAQ:DISCA), dropped -1.23% and closed at 25.79in the last trading session. The company's Market capitalization is $10.08 Billion with the total Outstanding Shares of 150.89 million.

Discovery Communications, Inc., (Discovery), incorporated on April 28, 2008, is a global media company. The stock tapped a 52-week high of US$112.19 while the mean 12-month price target for the shares is US$130.56. Analysts are projecting the lower share price forecast of $18 and some analysts are predicting that the stock have a tendency of top estimate of $37. The difference between actual earnings and estimated earnings was $0.40 per share.

An average estimate of short term price target for DISCA is stands at $29.05 according to the research of Analysts.

Discovery Communications and BAMTech today formed a "long-term" partnership geared toward working with content owners, broadcasters and OTT in Europe, through a new provider called BAMTech Europe. Discovery Communications Inc. (DISCA) has declined 9.92% since March 31, 2016 and is downtrending.

Analytic Ltd Co last reported 571,123 shares in the company. The Average sales target is based on the consensus of 1 brokerage Analysts.

Second, just how well can Zaslav and his team execute on bringing new distribution platforms up to speed so the company can extract maximum value from its content portfolio? Top-level EPS estimate is set at $0.09 while low-level EPS estimate among analysts is focused at $-0.33. The Firm provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Jefferies Group reissued a "hold" rating on shares of Discovery Communications in a research note on Thursday, August 11th.

Discovery Communications, expected* to report earnings on 11/01/2016 before market open.

But with a larger slice of revenue coming from overseas, Discovery has had to contend with a stronger US dollar.

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