Discovery Inc. offers original and purchased programming in the United States and more than 220 other countries and territories in over 40 languages. The company completed the acquisition of the Scripps Networks Interactive during the first-quarter and changed its name from Discovery Communications to Discovery Inc.
Discovery currently operates through three reportable segments - U.S. Networks (50% of 2017 revenues), International Networks (47.7% of 2017 revenues) and Education (2.3% of 2017 revenues).
Zacks Rank: Currently, Discovery has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, that could change following Discovery’s first-quarter 2018 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Discovery reported adjusted earnings (excluding restructuring costs and other Scripps related transaction costs, primarily legal and financial fees from legacy Scripps) of 53 cents per share, which beat the Zacks Consensus Estimate of 45 cents.
Revenues: Revenues of $2.31 billion was in line with the Zacks Consensus Estimate and grew 10% year over year on a pro-forma basis.
Key Stats: Discovery’s adjusted operating income before depreciation and amortization (OIBDA) declined 6% on a pro-forma basis.
Stock Price: Share price did not show any movement in the pre-market trading session.
Check back later for our full write up on this DISCA earnings report later!
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Discovery Inc. offers original and purchased programming in the United States and more than 220 other countries and territories in over 40 languages. The company completed the acquisition of the Scripps Networks Interactive during the first-quarter and changed its name from Discovery Communications to Discovery Inc.
Discovery currently operates through three reportable segments - U.S. Networks (50% of 2017 revenues), International Networks (47.7% of 2017 revenues) and Education (2.3% of 2017 revenues).
Zacks Rank: Currently, Discovery has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, that could change following Discovery’s first-quarter 2018 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Discovery reported adjusted earnings (excluding restructuring costs and other Scripps related transaction costs, primarily legal and financial fees from legacy Scripps) of 53 cents per share, which beat the Zacks Consensus Estimate of 45 cents.
Revenues: Revenues of $2.31 billion was in line with the Zacks Consensus Estimate and grew 10% year over year on a pro-forma basis.
Key Stats: Discovery’s adjusted operating income before depreciation and amortization (OIBDA) declined 6% on a pro-forma basis.
Stock Price: Share price did not show any movement in the pre-market trading session.
Check back later for our full write up on this DISCA earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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 >>