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Discovery Communications, Inc. - Series C Common Stock (NASDAQ:DISCK) unveils its next round of earnings this Thursday, May 2. Get prepared with Benzinga's ultimate preview for Discovery's Q1 earnings.
Earnings and Revenue
Analysts covering Discovery modeled for quarterly EPS of 80 cents on revenue of $2.70 billion.
Discovery EPS in the same period a year ago totaled 53 cents. Sales were $2.31 billion. The Wall Street estimate would represent a 50.94 percent increase in the company's earnings. Sales would be have grown 17.04 percent from the same quarter last year. Here's how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 0.79 | 0.59 | 0.87 | 0.43 | 0.45 |
| EPS Actual | 0.82 | 0.79 | 0.77 | 0.53 | 0.47 |
Stock Performance
Shares of Discovery were trading at $28.76 as of May 1. Over the last 52-week period, shares are up 29.43 percent. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Discovery. The strength of this rating has maintained conviction over the past three months.
Conference Call
Discovery's conference call is scheduled to begin at 8:30 a.m. ET and can be accessed here: https://edge.media-server.com/m6/p/5xzh4gq9
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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