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Discovery Communications (DISCA) Stock Advances Ahead of Earnings Release

NEW YORK (TheStreet) --Discovery Communications (DISCA - Get Report) shares are rising 1.54% to $29.89 on Monday ahead of the company's third quarter fiscal 2015 earnings results due out on Tuesday before the opening bell.

The company's profit is estimated to drop year-over-year while revenue is projected to increase.

Analysts are expecting the Silver Spring, MD-based media company to earn 38 cents a share on revenue of $1.58 billion.

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In the same period the previous year, the company earned 41 cents a share on revenue of $1.57 billion.

Also, Topeka Capital Markets last week dropped its price target on the company to $39 from $40 but maintained its "buy" rating on the stock.

Separately, TheStreet Ratings team rates DISCOVERY COMMUNICATIONS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to...