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MARKETS LIVE BLOG:

S&P 500, NASDAQ NOTCH BIG WINS WITH TESLA EARNINGS ON DECK

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Discovery Communications (DISCA) Beats on Q4 Earnings

Zacks Equity Research
Updated

Discovery Communications, Inc. DISCA 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

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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, Inc. (DISCA) : Free Stock Analysis Report
 
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Zacks Investment Research