Warner Bros Discovery Inc reports results for the quarter ended June 30 - Earnings Summary

• Warner Bros Discovery Inc WBD.OQ reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -36 cents. The mean expectation of twenty one analysts for the quarter was for a loss of 21 cents per share. Wall Street expected results to range from -35 cents to 2 cents per share.

• Revenue rose 1% to $9.81 billion from a year ago; analysts expected $9.76 billion.

• Warner Bros Discovery Inc's reported EPS for the quarter was 63 cents​.

• The company reported quarterly net income of $1.58 billion.

• Warner Bros Discovery Inc shares had risen by 11.6% this quarter and gained 21.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the broadcasting peer group is also "buy"

• Wall Street's median 12-month price target for Warner Bros Discovery Inc is $14.00, about 8.6% above its last closing price of $12.79

This summary was machine generated from LSEG data August 7 at 03:54 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)