Discovery Communications Inc. offers original and purchased programming in the U.S. and more than 200 other countries with over 100 television networks. The company owns and operates nine national television networks in the U.S. The company has reported higher-than-expected earnings in three of the last four quarters with an average beat of 2.98%.
Currently, Discovery Communications has a Zacks Rank #3 (Hold), but that could definitely change following Discovery’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company’s second quarter 2016 earnings (on an adjusted basis) of 71 cents per share beat the Zacks Consensus Estimate of 61 cents. Earnings increased over the year-ago figure by 44.9%.
Revenue: Discovery Communications reported revenues of $1,708 million, up 3% on a year over year basis. Revenues narrowly missed the Zacks Consensus estimate of $1,716 million.
Key Stats to Note: Quarterly adjusted operating income before depreciation and amortization (OIBDA) increased 4% year over year. The company bought back shares worth $377 million in the reported quarter.
Check back later for our full write up on this Discovery Communications earnings report later!
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Discovery Communications Inc. offers original and purchased programming in the U.S. and more than 200 other countries with over 100 television networks. The company owns and operates nine national television networks in the U.S. The company has reported higher-than-expected earnings in three of the last four quarters with an average beat of 2.98%.
Currently, Discovery Communications has a Zacks Rank #3 (Hold), but that could definitely change following Discovery’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company’s second quarter 2016 earnings (on an adjusted basis) of 71 cents per share beat the Zacks Consensus Estimate of 61 cents. Earnings increased over the year-ago figure by 44.9%.
Revenue: Discovery Communications reported revenues of $1,708 million, up 3% on a year over year basis. Revenues narrowly missed the Zacks Consensus estimate of $1,716 million.
Key Stats to Note: Quarterly adjusted operating income before depreciation and amortization (OIBDA) increased 4% year over year. The company bought back shares worth $377 million in the reported quarter.
Check back later for our full write up on this Discovery Communications earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>