Discovery Communications closed at $28.68 in the latest trading session, marking a -1.92% move from the prior day. This move lagged the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 5.6% over the past month, outpacing the Consumer Discretionary sector's loss of 3.03% and the S&P 500's loss of 4.24% in that time.
Wall Street will be looking for positivity from Discovery Communications as it approaches its next earnings report date. The company is expected to report EPS of $0.54, up 157.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.18 billion, up 13.79% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.89 per share and revenue of $12.58 billion, which would represent changes of +79.5% and +3.16%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Discovery Communications. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.26% lower. Discovery Communications is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Discovery Communications currently has a Forward P/E ratio of 10.13. Its industry sports an average Forward P/E of 11.59, so we one might conclude that Discovery Communications is trading at a discount comparatively.
Also, we should mention that DISCA has a PEG ratio of 0.95. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DISCA's industry had an average PEG ratio of 1.4 as of yesterday's close.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 185, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Discovery Communications (DISCA) Dips More Than Broader Markets: What You Should Know
Discovery Communications closed at $28.68 in the latest trading session, marking a -1.92% move from the prior day. This move lagged the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 5.6% over the past month, outpacing the Consumer Discretionary sector's loss of 3.03% and the S&P 500's loss of 4.24% in that time.
Wall Street will be looking for positivity from Discovery Communications as it approaches its next earnings report date. The company is expected to report EPS of $0.54, up 157.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.18 billion, up 13.79% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.89 per share and revenue of $12.58 billion, which would represent changes of +79.5% and +3.16%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Discovery Communications. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.26% lower. Discovery Communications is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Discovery Communications currently has a Forward P/E ratio of 10.13. Its industry sports an average Forward P/E of 11.59, so we one might conclude that Discovery Communications is trading at a discount comparatively.
Also, we should mention that DISCA has a PEG ratio of 0.95. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DISCA's industry had an average PEG ratio of 1.4 as of yesterday's close.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 185, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.