Stock Worth Mentioning: Does Discovery Communications Inc. Have Any Gas After Today’s Big Increase?

Stock Worth Mentioning: Does Discovery Communications Inc. Have Any Gas After Today's Big Increase?

The stock of Discovery Communications Inc. (NASDAQ:DISCK) is a huge mover today! About 849,710 shares traded hands. Discovery Communications Inc. (NASDAQ:DISCK) has risen 6.73% since February 29, 2016 and is uptrending. It has underperformed by 5.48% the S&P500.
The move comes after 7 months positive chart setup for the $10.74 billion company. It was reported on Oct, 3 by Barchart.com. We have $32.78 PT which if reached, will make NASDAQ:DISCK worth $2.47B more.

Analysts await Discovery Communications Inc. (NASDAQ:DISCK) to report earnings on November, 1. They expect $0.43 EPS, down 8.51% or $0.04 from last year’s $0.47 per share. DISCK’s profit will be $173.29 million for 15.49 P/E if the $0.43 EPS becomes a reality. After $0.71 actual EPS reported by Discovery Communications Inc. for the previous quarter, Wall Street now forecasts -39.44% negative EPS growth.

According to Zacks Investment Research, “Discovery Communications is the world’s number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in 170 countries. It empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Planet Green, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com.”

DISCK Company Profile

Discovery Communications, Inc., (Discovery), incorporated on April 28, 2008, is a global media company. The Firm provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. The Company’s divisions are U.S. Networks, which consists principally of domestic television networks and Websites; International Networks, which consists primarily of international television networks and Websites; Education and Other, which consists principally of curriculum product and service offerings, and production studios, and Corporate and Inter-segment Eliminations.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags:

Leave a Comment