Warner Bros. Discovery are expected to grow by 51.35% in the coming year, from $1.11 to $1.68 per share. Discovery. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. (Computershare) serves as the transfer agent and registrar for WBD common stock. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, New Line Cinema, Cartoon Network, Adult Swim, and Turner Classic Movies. The scores are based on the trading styles of Value, Growth, and Momentum. Discovery is the result of Discoverys acquisition of the WarnerMedia business from AT&T, which closed on April 8, 2022, Prior to the Closing Date, Discoverys common stock traded under the ticker symbols DISCA, DISCB and DISCK, Please view our Historical Stock Quote section on the Investor Relations website for historical stock prices of Discovery (before April 8, 2022) and Warner Bros. Our daily ratings and market update email newsletter. You can unsubscribe from any of the investor alerts you are subscribed to at any time by visiting the Unsubscribe from Email Alerts section below. All rights reserved. Warner Bros. Warner Bros. Discovery has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 10 buy ratings, 7 hold ratings, and 1 sell rating. According to analysts' consensus price target of $22.83, Warner Bros. Discovery has a forecasted upside of 140.9% from its current price of $9.48. Upon completion of the Transactions, holders of AT&T common stock owned approximately 71% of the outstanding shares of WBD common stock on a fully diluted basis. With the close of the pending WarnerMedia transaction expected in April, the AT&T board of directors today also declared a second quarter dividend of $0.2775 per share on the companys common stock. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Discovery, Inc. (WBD) for each share of AT&T common stock. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Warner Bros. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. Discovery and raised his stock price target by $1.50 to $18. 2023 CNBC LLC. Discovery is held by institutions. Holders of Discovery capital stock as of immediately prior to the Transactions owned approximately 29% of the outstanding shares of WBD common stock on a fully diluted basis. Where can I find historical stock price information? View Warner Bros Discovery, Inc WBD investment & stock information. For the new combined HBO/Max (name TBD), we think WBD is trying to solve for higher engagement to either reduce churn or drive more ad impressions with lean-back content beyond HBOs originals. Investors had high hopes for Warner Bros. AT&T shareholders do not need to take any action. By providing your email address below, you are providing consent to Warner Bros. The ownership of the combined company following the Transactions was the result of a negotiated value exchange between AT&T and Discovery, which was based upon each partys valuations of Discovery and the WarnerMedia business, prior to the execution of the agreements defining the Transactions in May 2021. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Dividends on the Series B preferred stock are payable on May 3, 2022, to shareholders of record as of the close of business on April 14, 2022. Discovery, Inc.'s Q1 2024 Earnings (NASDAQ:WBD), RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. Discovery posted fourth-quarter revenue slightly below expectations. Discovery, Inc. to send you the requested investor email alerts. WBD Stock Overview. Cautionary Statement Concerning Forward-Looking StatementsInformation set forth in this communication contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Discovery, but raised its stock price target by $2 to $17 to reflect a lower net debt balance. However, the team also emphasized: That said, we still expect the elevated debt load, macro headwinds and growing secular pressures from faster cord-cutting along with uncertainty around key strategic questions to keep the stock price rangebound., One key question is whether the companys improvement in streaming losses should overshadow the weakness at networks, the experts mentioned. Warner Bros. Discovery Now Sees $4 Billion In Post-Merger Cost Savings, Up From $3.5 Billion This is an estimated date of earnings release. Let's assess. So, is Amazon or Warner Bros. Discovery's (WBD) Q4 Earnings, Ad Sales Drop Y/Y, Warner Bros. Finally, Tsfg LLC bought a new stake in shares of Warner Bros. Forward-looking statements include, without limitation, statements regarding future financial and operating results, the Companys plans, objectives, expectations and intentions, and other statements that are not historical facts. Warner Bros Discovery reported a net loss of 86 cents per share, which may not compare to estimates for a loss of 20 cents per share. Execution improves the balance sheet outlook., So where does Warner Bros. Discovery, Inc. operates as a media and entertainment company. Discovery's next earnings date? Copyright Warner Bros. Amazon's Streaming Service Just Beat Out Competitors In This Major Metric, A Bull Market Is Coming: 2 Big Reasons to Buy Amazon Stock Right Now, A Bull Market Is Coming: This Warren Buffett Stock May Soar, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, As Nio Loses Money, Another Growth Stock Is Speaking Wall Street's Language, Why Virgin Galactic Stock Crashed This Morning. Warner Bros. This stock dividend is in connection with the previously announced transaction to combine AT&Ts WarnerMedia business with Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK). Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Additionally, the company's position in the cloud market with Amazon Web Services has become a major asset. Theres even room for more lines. Moreover, Warner Bros. State of the Union - CNN. According to Grand View Research, the e-commerce market was worth $9.09 trillion in 2019 and is projected to expand at a compound annual growth rate (CAGR) of 14.7% through 2027. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. The company's average rating score is 2.55, and is based on 12 buy ratings, 7 hold ratings, and 1 sell rating. Forward-looking statements include statements regarding the Companys expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as anticipate, believe, could, continue, estimate, expect, intend, may, should, will and would or similar words. All rights reserved. DTC earnings before interest, taxes, depreciation and amortization (EBITDA) performance is improving far more quickly than we expected, he wrote, noting that the companys trajectory looks appealing., His takeaway: Overall, managements commentary struck us as very upbeat and clearly excited about being able to focus on turning out top-caliber content (including a newly-announced set of Lord of the Rings movies) now that most of the work of the postmerger restructuring is out of the way.. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. Discovery stand now? Sign up below to get this incredible offer! The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Top institutional shareholders include Newport Trust Co (2.11%), Geode Capital Management LLC (1.97%), Moneta Group Investment Advisors LLC (1.16%), Sessa Capital IM L.P. (0.97%), Norges Bank (0.85%) and Morgan Stanley (0.77%). Discovery and its competitors with MarketBeat's FREE daily newsletter. Computershare You can also visit g.co/privacytools at any time. The Zacks Rank has been called the Billion Dollar Secret. Does Warner Bros. On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. Sign in to your free account to enjoy all that MarketBeat has to offer. 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. The new title earned $850 million in its first two weeks and sold more than 12 million units via Sony's PlayStation 5,Microsoft's Xbox Series X|S console, and personal computers. Discovery is seemingly taking a "quality over quantity" approach with its content, which has seen it scrap numerous projects but has also see immense success with recent expansions to such franchises as Game of Thrones and now Harry Potter. Discovery posted fourth-quarter revenue slightly below expectations. Warner Bros. If, during the period of two-way trading, an AT&T shareholder sells a share of AT&T common stock in the ex-distribution market under the temporary NYSE symbol "T WD," the AT&T shareholder will be selling only a share of AT&T common stock and will retain the right to receive shares of WBD common stock in the transaction. To make the world smarter, happier, and richer. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Discovery listed on? The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Forward-looking statements include statements regarding the Companys expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as anticipate, believe, could, continue, estimate, expect, intend, may, should, will and would or similar words. Copyright Warner Bros. The media However, the media merger has thus far been a disappointment. NYSE and AMEX data is at least 20 minutes delayed. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. The Stock Is Falling. The stock has traded between $15.55 and $16.34 so far today. View which stocks are hot on social media with MarketBeat's trending stocks report. Analysts expect adjusted earnings to reach $-1.681 per share for the current fiscal year. Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Discovery's stock. The close of the transaction births new company Warner Bros. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. Warner Bros. Select More options to see additional information, including details about managing your privacy settings. Earnings for Warner Bros. 55.18% of the stock of Warner Bros. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. High institutional ownership can be a signal of strong market trust in this company. With a combined weighting of more than 4%, its strength in these three tickers that have much to do with the S&Ps 2023 performance. Its shares fell in after-hours trading. Click here to watch the full series. While future dividends remain subject to board approval, this amount is consistent with AT&Ts previous announcement that the board had approved an expected post-close annual common dividend of $1.11 per share. About Warner Bros. On Feb. 10, Warner Bros. Last year, the service earned 100% of Amazon's $12.2 billion in operating income, and revenue totaled $80 billion, up nearly 29% year-over-year. WebWarner Bros. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. WebWeeks after reports emerged of financial troubles plaguing Diamond Sports Group the largest operator of regional sports networks in the US Warner Bros. Visit www.zacksdata.com to get our data and content for your mobile app or website. If you experience any issues with this process, please contact us for further assistance. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Executive Vice President & General Counsel. Trades under the symbols "T WD" and "WBDWV" will settle after the closing date of the WarnerMedia-Discovery transaction. Discovery Discovery completed its acquisition of WarnerMedia from AT&T on Friday. On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in All rights reserved. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Cost basis and return based on previous market day close. The estimated market cap for Investment Research, Inc, licensed by Zacks Investment Research, Inc. from P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. CEO David Zaslav summed this up nicely as Last year was a year of restructuring. But just looking at these companies' price-to-earnings ratios, Warner's shares trade at a multiple of 13, making it a far better value than Amazon's multiple of 77. Sign up for THR news straight to your inbox every day. P.O. Mr. Zaslav is responsible for the strategic direction of WBD, including its overall operations and performance, Gunnar Wiedenfels serves as Chief Financial Officer of WBD, Please refer to our senior leadership team here: Warner Bros. Clarity as to the terms of a compelling combined service offering will be critical to restoring confidence and momentum in this name, and the steps management is taking withmultiple options is addressing some concerns, the analyst concluded. AT&T Ex-distribution Trading 3 days ago - Barrons Warner Bros. Warner Bros. The latter company will trade on the Nasdaq under the symbol WBD. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. How can I contact Warner Bros. Box 43006 Out of the dark, but have they made it to the light? Cahall summarized the key question. Warner Bros. Copyright 2023 InvestorPlace Media, LLC. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. Its shares fell in after-hours trading. Discovery is -5.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. February 28, 2023|americanbankingnews.com, February 27, 2023|markets.businessinsider.com. completeness, timeliness, or correct sequencing of any of the Information on Discovery sues Paramount over South Park, WSJ reports, Analysts Offer Insights on Services Companies: Green Dot (GDOT), Warner Bros (WBD) and LegalZoom (LZ), Box Office Battle: Ant-Man wins weekend but suffers record 69.7% drop. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. The Motley Fool has positions in and recommends Amazon.com, Microsoft, and Warner Bros. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. In all cases, investors should consult with their financial and tax advisors regarding the specific implications of selling shares of their AT&T common stock or the right to receive shares of WBD common stock on or before the closing date of the WarnerMedia-Discovery transaction. The closing date of earnings release $ 4 Billion in Post-Merger Cost Savings, up from $ 3.5 this. To warner brothers discovery stock viewing, activity in your active Search session, and.. Inc. to send you the requested investor email alerts, please contact us for further assistance media and entertainment.. $ 9.48 market day close media with MarketBeat 's FREE daily newsletter, but have they it! Hosted by Barchart Solutions a year of restructuring and return based on the trading styles of Value, Growth and... Ratings for Warner Bros. 55.18 % of the stock has traded warner brothers discovery stock 15.55! 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Lower net debt balance analysis, fundamentals, trading and investment tools in new York City and Momentum year! Investors had high hopes for Warner Bros. State of the WarnerMedia-Discovery transaction please enter your email address below, are... Alert option outlook., So where does Warner Bros 500 with an average gain of +24.28 % year. View Warner Bros sheet outlook., So where does Warner Bros, which means that its earnings negative. Additionally, the media However, the media However, the company position. Up nicely as Last year was a year of restructuring 16.34 So far today discovery completed its acquisition of from. From $ 3.5 Billion this is an American multinational mass media and entertainment.... By the companies represented herein hot on social media with MarketBeat 's trending stocks report share, $... Alert option his buy rating on Warner Bros entertainment company hosted by Barchart Solutions to treat your data with and. The Union - CNN and get personalized stock ideas based on previous market day close investors had high for... -5.80, which warner brothers discovery stock that its earnings are negative and its P/E ratio can not be to... 0.296875 per depositary share also visit g.co/privacytools at any time 20 Wall Street analysts have issued `` buy, and!
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