Discovery Communications, Inc. ( DISCA ) saw a big move last session, as the company's shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DISCA, as the stock is now down more than 9.6% in the past one-month time frame.
The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. One estimate was revised lower while there were two upward revisions. The consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
DISCA currently has a Zacks Rank #3 (Hold).
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