Barrington Research Has Bearish Forecast for WBD Q2 Earnings

Warner Bros. Discovery, Inc. (NASDAQ:WBD) – Analysts at Barrington Research lowered their Q2 2025 EPS estimates for shares of Warner Bros. Discovery in a research note issued on Tuesday, May 13th. Barrington Research analyst P. Sholl now expects that the company will post earnings per share of ($0.25) for the quarter, down from their previous estimate of ($0.23). Barrington Research has a “Outperform” rating and a $16.00 price objective on the stock. The consensus estimate for Warner Bros. Discovery’s current full-year earnings is ($4.33) per share. Barrington Research also issued estimates for Warner Bros. Discovery’s Q3 2025 earnings at ($0.02) EPS, FY2025 earnings at ($0.39) EPS, Q1 2026 earnings at ($0.04) EPS, Q2 2026 earnings at ($0.22) EPS, Q3 2026 earnings at ($0.02) EPS, Q4 2026 earnings at $0.10 EPS, FY2026 earnings at ($0.18) EPS and FY2027 earnings at ($0.04) EPS.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $8.98 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same quarter in the previous year, the firm earned ($0.40) EPS. The firm’s revenue was down 9.8% on a year-over-year basis.

A number of other brokerages have also commented on WBD. Citigroup boosted their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Barclays boosted their price target on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Rosenblatt Securities reiterated a “neutral” rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and upped their target price for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.22.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $9.21 on Thursday. The firm has a market capitalization of $22.61 billion, a PE ratio of -2.01, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46. The firm has a fifty day simple moving average of $9.23 and a two-hundred day simple moving average of $9.86. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery has a 12 month low of $6.64 and a 12 month high of $12.70.

Institutional Trading of Warner Bros. Discovery

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Warner Bros. Discovery by 1.7% during the first quarter. Vanguard Group Inc. now owns 256,820,031 shares of the company’s stock valued at $2,755,679,000 after buying an additional 4,169,240 shares during the period. Geode Capital Management LLC grew its position in Warner Bros. Discovery by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 57,441,931 shares of the company’s stock valued at $605,633,000 after buying an additional 1,991,441 shares during the period. Invesco Ltd. grew its position in Warner Bros. Discovery by 2.1% during the first quarter. Invesco Ltd. now owns 43,341,297 shares of the company’s stock valued at $465,052,000 after buying an additional 873,869 shares during the period. Norges Bank acquired a new stake in Warner Bros. Discovery during the fourth quarter valued at $362,210,000. Finally, Slate Path Capital LP grew its position in Warner Bros. Discovery by 36.6% during the fourth quarter. Slate Path Capital LP now owns 23,801,000 shares of the company’s stock valued at $251,577,000 after buying an additional 6,381,000 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insider Transactions at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the purchase, the director now owns 159,932 shares of the company’s stock, valued at $1,824,824.12. This trade represents a 12.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

About Warner Bros. Discovery

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.