Discovery Communications, Inc. reported fourth-quarter 2017 earnings per share (excluding $2.46 from non-recurring items) of 47 cents, beating the Zacks Consensus Estimate of 39 cents. Earnings decreased 9.6% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Discovery depicted a dismal picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings decline 4.9% over the last 90 days.
Discovery also has an unimpressive earnings surprise history. The company delivered a positive surprise in only one of the past four quarters. The average earnings miss was 9.3%.
Revenues Higher Than Expected
Discovery recorded revenues of $1,864 million, which surpassed the Zacks Consensus Estimate of $1,783 million. Moreover, it compared favorably with the year-ago number of $1,672 million.
Key Stats to Note: Quarterly adjusted operating income before depreciation and amortization (OIBDA), excluding currency effects and consolidation of TEN and OWN, increased 9% year over year.
Zacks Rank: Currently, Discovery carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Discovery earnings report later!
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Discovery Communications (DISCA) Beats on Q4 Earnings
Discovery Communications, Inc. reported fourth-quarter 2017 earnings per share (excluding $2.46 from non-recurring items) of 47 cents, beating the Zacks Consensus Estimate of 39 cents. Earnings decreased 9.6% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Discovery depicted a dismal picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings decline 4.9% over the last 90 days.
Discovery also has an unimpressive earnings surprise history. The company delivered a positive surprise in only one of the past four quarters. The average earnings miss was 9.3%.
Discovery Communications, Inc. Price and EPS Surprise
Discovery Communications, Inc. Price and EPS Surprise | Discovery Communications, Inc. Quote
Revenues Higher Than Expected
Discovery recorded revenues of $1,864 million, which surpassed the Zacks Consensus Estimate of $1,783 million. Moreover, it compared favorably with the year-ago number of $1,672 million.
Key Stats to Note: Quarterly adjusted operating income before depreciation and amortization (OIBDA), excluding currency effects and consolidation of TEN and OWN, increased 9% year over year.
Zacks Rank: Currently, Discovery carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Discovery earnings report later!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>