In the latest trading session, Discovery Communications closed at $38.21, marking a -0.7% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.92%.
Prior to today's trading, shares of the operator of cable TV channels such as TLC and Animal Planet had lost 50.52% over the past month. This has lagged the Consumer Discretionary sector's loss of 7.01% and the S&P 500's gain of 6.83% in that time.
Investors will be hoping for strength from DISCA as it approaches its next earnings release, which is expected to be April 28, 2021. In that report, analysts expect DISCA to post earnings of $0.64 per share. This would mark a year-over-year decline of 26.44%. Our most recent consensus estimate is calling for quarterly revenue of $2.77 billion, up 3.32% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.88 per share and revenue of $11.99 billion. These totals would mark changes of -10% and +12.41%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for DISCA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 0.35% lower. DISCA is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, DISCA is currently trading at a Forward P/E ratio of 12.01. This represents a discount compared to its industry's average Forward P/E of 15.98.
It is also worth noting that DISCA currently has a PEG ratio of 1.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Broadcast Radio and Television industry currently had an average PEG ratio of 1.25 as of yesterday's close.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 99, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DISCA in the coming trading sessions, be sure to utilize Zacks.com.
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Discovery Communications (DISCA) Stock Moves -0.7%: What You Should Know
In the latest trading session, Discovery Communications closed at $38.21, marking a -0.7% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.92%.
Prior to today's trading, shares of the operator of cable TV channels such as TLC and Animal Planet had lost 50.52% over the past month. This has lagged the Consumer Discretionary sector's loss of 7.01% and the S&P 500's gain of 6.83% in that time.
Investors will be hoping for strength from DISCA as it approaches its next earnings release, which is expected to be April 28, 2021. In that report, analysts expect DISCA to post earnings of $0.64 per share. This would mark a year-over-year decline of 26.44%. Our most recent consensus estimate is calling for quarterly revenue of $2.77 billion, up 3.32% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.88 per share and revenue of $11.99 billion. These totals would mark changes of -10% and +12.41%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for DISCA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 0.35% lower. DISCA is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, DISCA is currently trading at a Forward P/E ratio of 12.01. This represents a discount compared to its industry's average Forward P/E of 15.98.
It is also worth noting that DISCA currently has a PEG ratio of 1.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Broadcast Radio and Television industry currently had an average PEG ratio of 1.25 as of yesterday's close.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 99, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DISCA in the coming trading sessions, be sure to utilize Zacks.com.