Here’s what Wall St. experts are saying about these media names ahead of results

Comcast (CMCSA) is scheduled to announce quarterly results on October 30, while Warner Bros. Discovery (WBD) and Paramount Skydance (PSKY) are expected to report earnings on November 6 and 10, respectively. What to watch for:

Click here to check out Warner Bros. Discover’s recent Media Buzz Sentiment as measured by TipRanks.

OUTLOOK: Current consensus EPS and revenue forecasts for Comcast’s September-end quarter stand at $1.10 and $30.68B, respectively, according to Yahoo Finance. Regarding Paramount, current consensus EPS and revenue forecasts for the September-end quarter stand at 39c and $6.98B, respectively. According to Yahoo Finance, current consensus EPS and revenue forecasts for Warner Bos. Discover’s September-end quarter stand at (8c) and $9.19B, respectively, according to Yahoo Finance

BIDDING WAR: Last week, Argus upgraded Warner Bros. Discovery to Buy from Hold with a $27 price target. The stock had been climbing higher on rumors of bids from Paramount Skydance, but a bidding war could drive bids even higher, the firm tells investors in a research note. Argus adds that there’s logic in separating the growth-oriented streaming assets from the secularly declining but cash-flow producing channel assets, though a sale of the whole company could short-circuit the separation process.

Meanwhile, Barrington raised the firm’s price target on Outperform-rated Warner Bros. Discovery to $25 from $16 ahead of the earnings report. The firm says the prospect of multiple parties interested in Warner’s studio or the whole company “creates potential for some greater valuation.” However, if the separation were to go forward, the potential for shareholder value creation from the separate entities remains attractive, Barrington tells investors in a research note.

Benchmark analyst Matthew Harrigan also raised the firm’s price target on Warner Bros. Discovery to $25 from $18 and kept a Buy rating on the shares following indication that the board has initiated a strategic review. Apple (AAPL), Amazon (AMZN), and almost certainly Comcast (CMCSA) would likely face “transactional” friction from the current Trump Administration in a deal, while Netflix (NFLX) co-CEO Greg Peters has expressed disinterest, according to the analyst, who argues that a prospective combination with Paramount Skydance “offers the best strategic value in tandem with high likelihood for regulatory approval.”

ON THE SIDELINES: Argus analyst Joseph Bonner initiated coverage of Paramount Skydance with a Hold rating. The firm believes the media landscape brings opportunities and risks for the company. Paramount’s new management will need to prove the company can profitably produce and distribute compelling premium content, the analyst tells investors in a research note.

Last week, Wells Fargo raised the firm’s price target on Equal Weight-rated Paramount Skydance to $16 from $10. The firm notes the company’s Q3 results are the big reveal for new management strategy. Wells expects major cost cuts, and major investments. The firm doesn’t think Paramount Skydance will trade on estimate revisions.

ACQUISITION: Warner Bros. Discovery dismissed three offers from competitor Paramount Skydance, including one that provided its CEO, David Zaslav, a position in leading the combined company, the Wall Street Journal’s Joe Flint reported, citing people familiar with the matter. Paramount CEO David Ellison sent a letter to the Warner Bros. board offering Zaslav to stay on as co-CEO and co-chairman.

After Warner Bros. Discovery confirmed that it will consider various options in light of “unsolicited interest” the media and entertainment company has received from “multiple parties,” Bloomberg’s Lucas Shaw and Kelcee Griffis report, citing sources, that Netflix and Comcast are among the companies interested in Warner Bros.’ movie and TV studios. Paramount Skydance has already made at least one offer for the whole company and was rejected, the report added, echoing other media reports.

IN LINE RESULTS: Scotiabank analyst Maher Yaghi raised the firm’s price target on Comcast to $45.50 from $45 and kept a Sector Perform rating on the shares. The firm expects results for the Telecom, Media & Technology sector to be broadly in line with consensus and does not sees downside risk to company guidance, the analyst tells investors.