Discovery, Inc. (NASDAQ:DISCA) television network, is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.65 per share.
For the full year, analysts predict revenues of $ 10411.30 million, while looking forward to income of $ 2.92 per share.
Previous Quarter Performance
Discovery, Inc. disclosed income for the second quarter of $ 0.77 per share, from the revenue of $ 2,541.00 million. The quarterly earnings shrunk 20.62 percent while revenues declined 11.92 percent compared with the same quarter last year.
Wall street analysts are predicting, DISCA to report 2Q20 income of $ 0.70 per share from revenue of $ 2509.01 million. The bottom line results beat street analysts by $ 0.07 or 10.00 percent, at the same time, top line results outshined analysts by $ 31.99 million or 1.28 percent.
Stock Performance
Shares of Discovery, Inc. traded low $ -0.59 or -2.79 percent on Wednesday, reaching $ 20.53 with volume of 6.59 million shares. Discovery, Inc. has traded high as $ 21.06 and has cracked $ 20.21 on the downward trend
The closing price of $ 20.53, representing a 23.36 % increase from the 52 week low of $ 17.12 and a 37.25 % decrease over the 52 week high of $ 33.66.
The company has a market capital of $ 9.82 billion and is part of the Consumer Cyclical sector and Media – Diversified industry.
Recent Analyst recommendations
- On 23rd September 2020, downgraded by JPMorgan Chase & Co. to Neutral from Overweight rating.
Conference Call
Discovery, Inc. will be hosting a conference call at 8:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website corporate.discovery.com
Discovery, Inc. operates as a media company worldwide. The company operates through two segments, U.S.
