publicly available sources. 2023 The Hollywood Reporter, LLC. Discovery is -5.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Who are Warner Bros. How good is it? The Companys actual results could differ materially from those stated or implied due to risks and uncertainties associated with its business, which include the risk factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission, including but not limited to the Companys most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. Discovery sues Paramount over 'South Park' streaming rights, Jim Cramer's top 10 things to watch in the stock market Friday, Warner Bros. Discovery stock right now? Discovery has a forecasted upside of 44.6% from its current price of $15.20. Discovery trades on the NASDAQ under the ticker symbol "WBD.". Shares of Warner Brothers Discovery are on the move. 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 Content, Brokers Issue Forecasts for Warner Bros. Discovery (WBD) (Real Time Quote from BATS) $15.74 USD -0.20 (-1.26%) Updated Feb 28, 2023 11:58 AM ET Add to portfolio Zacks Rank: 2-Buy 2 WebWarner Bros. The Company entertains audiences worldwide through its brands and products including Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV After splitting with Kanye West, British audio startup Kano asks for funding, How the Creed franchise makes a statement and lots of money in modern Hollywood, Warner Bros. The U.S. is dangerously lacking in critical minerals such as cobalt, lithium, and rare earths needed to maintain our national security. House of the Dragon - HBO. WebAt Warner Bros. 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. 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Discovery in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WBD shares. Dividends on the common stock and Series A and Series C preferred stock are payable on May 2, 2022, to shareholders of record of the respective shares at the close of business on April 14, 2022. Discovery Now Sees $4 Billion In Post-Merger Cost Savings, Up From $3.5 Billion AT&T Latin America provides wireless services to consumers and businesses in Mexico. The lowest price target is $18. Discovery, Inc. (WBD) NasdaqGS - NasdaqGS Real Time Price. Evercore ISI has placed a price target on the stock of $40. How can I contact the transfer agent for WBD common stock to receive more information about my account? Talk about a change in tone! Discovery secured the rights to J.R.R. Discovery? If you experience any issues with this process, please contact us for further assistance. We've detected you are on Internet Explorer. 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. The media Visit Performance Disclosure for information about the performance numbers displayed above. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. Stay up to date with the latest information. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. How The Mandalorian Handled Absence of Gina Caranos Cara Dune, Twickenham Film Studios Chair Buys 6.95 Percent Stake in APX Group, Paramount CFO: Streaming Content Spending Could Come in Below $6B Target In 2024, BBC Journalism Union Members Vote in Favor of Strike, 'Lord of the Rings': Amazon, Warner Bros. Ready for Tolkien Battle, David Zaslav Chases the One Metric to Rule Them All: Streaming Profits, Jimmy Pitaro Sets ESPN Exec Team: Burke Magnus to Oversee Content, Rosalyn Durant Joins to Lead Rights Talks, VFX Workers Union Effort Picks Up Where Last Reckoning Left Off, Liberty Media Fourth-Quarter Revenue Grows Across SiriusXM, Atlanta Braves, F1 Units, YouTubes New CEO Outlines His Priorities, Teases Upcoming Features, Pivot to Something? Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. 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. All rights reserved. After close, investors should expect that AT&Ts share price will adjust to reflect the transfer of the WarnerMedia business to the newly formed Warner Bros. Visit www.zacksdata.com to get our data and content for your mobile app or website. All rights reserved. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. What are the U.S. federal income tax consequences of the Transactions for AT&T and Discovery stockholders? PEG Ratios above 1 indicate that a company could be overvalued. Tolkien's books, Damn, Warner Bros. Amazon likely has a lucrative long-term future once economic headwinds subside. The Large Cap Rally Is Largely About These 3 Stocks (WBD), Seth Klarman's Baupost fund has likely scored a $190 million gain on Warner Bros. See the Full List of Stocks To Beat Earnings. What did I receive in the Transactions? Discovery as of the date hereof. P.O. On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. Investors were also concerned with some of the company's controversial and expensive restructuring moves. Discovery is listed on the Nasdaq Global Select Market exchange, Warner Bros. Discoverys CUSIP is 934423104, WBD will only have one share class with each share having the same economic interest and voting power, Each share of WBD common stock will have one vote, Warner Bros. WebWarner Bros. Toll free phone within the U.S. and Canada: +1 877-453-1510, Direct dial outside the U.S. and Canada: +1 781-575-4236. The close of the transaction births new company Warner Bros. Discovery Announce Plans To Exit RSNs; Added With Bally Sports Puts Two-Thirds Of MLB On Edge, Warner Bros. However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. Neither Zacks Investment completeness, timeliness, or correct sequencing of any of the Information on On average, they anticipate the company's stock price to reach $21.98 in the next twelve months. Discovery have? What exchange is Warner Bros. 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. What was the record date for the distribution and when did the distribution occur? Discovery? Discovery expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the Companys expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. All rights reserved. Which Dollar Store, If Any, is Worth Your Investment Dollars? Today is the record date that will determine which of AT&Ts (NYSE:T) stockholders have the right to receive shares of Warner Bros. Warner Bros. At Warner Bros. Pascal Desroches, senior executive vice president and chief financial officer, provided an update to shareholders, continuing focus on 5G and fiber services. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. Is Stellantis Stock a Value Investors Dream? What is Warner Bros. Discoverys ticker symbol? 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. The billionaire investor's hedge fund built a 1.3% stake worth WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Computershare Trust Company, N.A. Please log in to your account or sign up in order to add this asset to your watchlist. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Copyright 2023 InvestorPlace Media, LLC. AT&T Declares Dividends on Common and Preferred Stock. Warner Bros. Get this delivered to your inbox, and more info about our products and services. This transaction is expected to be completed between April 12 and the end of the month. China is aggressively locking up mines and production. The company is headquartered in New York, NY. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. The company ended the quarter with $49.5 billion in gross debt and $3.9 billion in cash on hand. Warner Bros. Their WarnerMedia Spinco shares will automatically be exchanged for WBD common stock in the merger, which will occur on the closing date of the transaction. Warner Bros. Discovery in the 3rd quarter valued at $29,000. Since then, WBD shares have increased by 60.9% and is now trading at $15.25. Discovery (NASDAQ:WBD) PT Raised to $11.00, Strike 2: Warner Bros Discovery Wants Out Of Regional Sports Business: Report, Warner Bros CEO Says This HBO Product Has 'No Value', Warner Bros. Nasdaq Its shares fell in after-hours trading. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. AT&T shareholders as of the stock dividend record date will be entitled to receive shares of WarnerMedia Spinco common stock, representing 100% of AT&Ts interest in WarnerMedia. The average Warner Bros. Discovery price target is $18.67, implying 79.52% upside potential. Conclusion: Should You Consider Warner Bros. Discovery Stock? I totally understand why WBD's rock-bottom P/B ratio might get some value-focused investors frothing at the mouth. See Zacks' latest analysis free. *Average returns of all recommendations since inception. Warner Bros. You can sign up for additional alert options at any time. Our Series A common stock, par value $0.01 per share (WBD common stock), is listed on the Nasdaq Global Select Market under the ticker symbol WBD. At Warner Bros. Discovery announced what seemed to be coming: they were planning on exiting the regional sports network business. Warner Bros. But some also turned their attention to questions about the future. All Rights Reserved. While direct-to-consumer (DTC) fourth-quarter losses came in much better, we also must acknowledge networks earnings before interest, taxes, depreciation and amortization (EBITDA) declined by 9 percent both in the fourth quarter and full year 2022. Moreover, Warner Bros. Theres even room for more lines. The company earns $-7,371,000,000.00 in net income (profit) each year or ($2.62) on an earnings per share basis. Discovery (starting from April 11, 2022), Warner Bros. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Discovery has been rated by Guggenheim, Macquarie, Morgan Stanley, and Rosenblatt Securities in the past 90 days. Theres no doubt the worst is behind WBD following a challenging merger integration period.. Warner Bros. | Privacy Policy. WebWarner Bros. Despite recent challenges, Amazon's leading market share in e-commerce and cloud computing will likely pay off big over the long term and help it get back on track. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. The monthly returns are then compounded to arrive at the annual return. 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