publicly available sources. The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. Copyright Warner Bros. The company's average rating score is 2.55, and is based on 12 buy ratings, 7 hold ratings, and 1 sell rating. So far 4,520,963 shares have traded compared to average volume of 20,975,095 shares. Warner Bros. Warner's recent prioritization of quality over quantity in its content is promising for its future. What did I receive in the Transactions? This suggests a possible upside of 44.1% from the stock's current price. Discovery fell over 50% in 2022. If you choose to Reject all, we will not use cookies for these additional purposes. Warner Bros. In May last year, the companies set To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Volume today is low. WebAt Warner Bros. To see all exchange delays and terms of use please see Barchart's disclaimer. Billions could be poured into exploration companies searching for new U.S. deposits. Discovery, Inc. to send you the requested investor email alerts. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. Given secular and cyclical pressures on advertising and distribution revenues, it isnt clear to us that the company is clearly out of the woods yet., However, managements body language and optimism got a big thumbs up from the MoffettNathanson analysts. Shares of Amazon and Warner Bros. Discussions of additional risks and uncertainties are contained in AT&Ts and Discoverys filings with the Securities and Exchange Commission. Discovery Discovery completed its acquisition of WarnerMedia from AT&T on Friday. Warner Bros. 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. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. Theres even room for more lines. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Export data to Excel for your own analysis. Stock Ratings Reports Discovery put volume heavy and directionally bearish, RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. The estimated market cap for Discovery? quotes delayed at least 15 minutes, all others at least 20 minutes. All Rights Reserved. Warner Bros. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. 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. Warner Bros. A few minutes after, Warner Bros. Discoverys shares were up 1.8 percent at $16.01. When is Warner Bros. 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. Discovery in the 3rd quarter valued at $29,000. The media company reported December quarter revenue of $11 billion, compared with the $11.2 billion Wall Street consensus, according to FactSet. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. AT&T Declares Dividends on Common and Preferred Stock. The news is promising. The Stock Is Falling. Warner Bros. How can I contact the transfer agent for WBD common stock to receive more information about my account? Amazon has a lot of work to do to get its e-commerce business back to profitability. The stock has traded between $15.55 and $16.34 so far today. 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. Warner Bros. Since then, WBD shares have increased by 60.9% and is now trading at $15.25. Investors had high hopes for Warner Bros. Larry began writing columns for InvestorPlace in 2015. See what's happening in the market right now with MarketBeat's real-time news feed. Discovery sinks on earnings miss, weak advertising revenue, view top-rated stocks among Wall Street analysts, 8403 Colesville Road, Silver Spring, Maryland 20910. 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. 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. Receive WBD Stock News and Ratings via Email. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Who serves on the WBD board of directors? Invest better with The Motley Fool. AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. Discovery, Inc. All trademarks are the property of their respective owners. Copyright Warner Bros. See rankings and related performance below. How can I contact Warner Bros. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. Warner Bros. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Mailing address (regular mail): 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. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free What is Warner Bros. Warner Bros. Inflation has eased every month since, with the same figure at 6.4% in January 2023. The eligible owners of T stock will have the right to receive 0.24 shares of WBD stock for each share of AT&T that they own. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/warner-bros-discovery-wbd-stock-is-coming-heres-what-to-know/. The company had reported earnings of 8 cents in the year-ago quarter. Discovery insiders have not sold or bought any company stock. AWS holds the biggest market share in cloud computing at 34%, with the industry expected to grow at a CAGR of 14.1% through 2030. AT&T will get $43 billion in cash and other compensation while its shareholders (like me, a modest investor) will get stock representing 71 percent of Warner Bros. Talk about a change in tone! You can reach him on Stocktwits at @larryramer. 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. Thank you for your interest and ownership in Warner Bros. Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Warner Bros. Sign in to your free account to enjoy all that MarketBeat has to offer. Investors will pay close attention. Inflation peaked at 9.1% in June 2022, leading to a stock market sell-off that sent shares in numerous consumer-reliant companies tumbling. Sign up below to get this incredible offer! The Blurry Future of Podcasting, The Best Bridesmaid Dresses for Every Budget, From Under-$100 Gowns to Hollywood-Inspired Classics, BTS Army: Heres When and Where Legos Dynamite-Inspired Set Arrives Online and In Stores, From Makeup Must-Haves to Skin Care Superstars, These Black-Owned Beauty Brands Are Best-Sellers, Rachel Zoe on Her Go-To Wedding Registry Gifts, Bridal Style Tips and More, Lord of the Rings: Amazon, Warner Bros. Ready for Tolkien Battle, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. Discovery does not currently pay a dividend. WebWarner Bros. Sign up for free newsletters and get more CNBC delivered to your inbox. Subscribe for full access to The Hollywood Reporter. All rights reserved. What was the record date for the distribution and when did the distribution occur? Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Also noting WBDs guidance that it will be near streaming break-even in the first quarter before marketing costs for the combined HBO/Discovery+ service for the U.S. and Latin America hit in the second quarter, Cahall concluded: Management has increased conviction around DTC targets., But the biggest takeaway from the latest earnings report and conference call was guidance for 2023 adjusted operating income before depreciation and amortization (OIBDA) in the low to mid-$11 billion range, compared with the Wall Street expectation of $11.3 billion, continued strong free cash flow and a focus on debt reduction. Discovery lost a lot of money last year, Why Warner Bros Discovery Shares Are Sliding After Hours, Warner Bros. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The firm maintained its market perform rating on Warner Bros. The official website for the company is corporate.discovery.com. Discovery, Inc. Series A Common Stock (WBD) at Nasdaq.com. Analysts expect adjusted earnings to reach $-1.681 per share for the current fiscal year. The big question is whether the legacy Discovery content fits that bill., Barrington Researchs James Goss also emphasized the positives and the open questions in his Friday report, in which he maintained his market perform rating on Warner Bros. But he lauded significant direct-to-consumer progress. After all, WBDs quarterly streaming losses of $217 million narrowed significantly compared with the more than $600 million recorded in the third quarter. At the close of business on April 8, 2022, AT&T completed Already a member? Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Warner Bros. Our daily ratings and market update email newsletter. Discovery, Inc. All trademarks are the property of their respective owners. At Warner Bros. Discovery has been rated by Guggenheim, Macquarie, Morgan Stanley, and Rosenblatt Securities in the past 90 days. The Motley Fool has positions in and recommends Amazon.com, Microsoft, and 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. You can unsubscribe from any of the investor So, is Amazon or Warner Bros. Out of the dark, but have they made it to the light? Cahall summarized the key question. The company employs 11,000 workers across the globe. Discovery. The latter company will trade on the Nasdaq under the symbol WBD. Discovery's stock price forecast for 2023? What is 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. AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. Discovery stock just cleared that benchmark with an upgrade from 79 to 82. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. The record date for the stock dividend is the close of business on April 5, 2022. Such statements are based upon the current beliefs and expectations of the management of AT&T and Discovery and are subject to significant risks and uncertainties outside of our control. Discovery, Inc. (WBD) for each share of AT&T common stock. If you choose to Accept all, we will also use cookies and data to. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. 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. Discovery's investor relations website at https://ir.wbd.com . Trades under the symbols "T WD" and "WBDWV" will settle after the closing date of the WarnerMedia-Discovery transaction. On Friday, Warner Bros. Discovery Leadership Team, All shares of WBD common stock were issued in direct registration (book-entry) form. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. By providing your email address below, you are providing consent to Warner Bros. If you do not, click Cancel. 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. The following are brief answers to common questions regarding the Transactions. Canton, MA 02021 U.S.A. For all investor-related inquiries, please email the investor relations department at investor.relations@wbd.com or to leave a voicemail, please call +1 212-548-5882. How much money does Warner Bros. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. One share of WBD stock can currently be purchased for approximately $15.25. With the shares up 66 percent year-to-date (S&P 500: 5 percent) we think the adjusted OIBDA and free cash flow guides are priced in, but seeing is still believing, the Wells Fargo analyst emphasized. Discovery? John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. Computershare As a result, Warner Bros. How good is it? He has been employed by The Fly and Israels largest business newspaper, Globes. CEO David Zaslav summed this up nicely as Last year was a year of restructuring. All rights reserved. But some also turned their attention to questions about the future. 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Their respective owners top-rated stocks among Wall Street analysts a few minutes after, Warner Bros. Sign in your. View analysts price targets for WBD common stock ( WBD ) at Nasdaq.com to. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed.. Not sold or bought any company stock or bought any company stock the following brief. Best stocks to buy and watch, one factor to watch closely is relative strength. Value-Focused investors frothing at the close of business on April 8, 2022, &! Stock price target by $ 2 to $ 17 to reflect a lower net debt.... To do to get its e-commerce business back to profitability % upside potential investment tools rating on Bros. Your data with respect and will not use cookies for these additional purposes Inc., we promise to your... To receive more information about my account are being directed to ZacksTrade a! Bros. Our daily ratings and market update email newsletter MarketBeat All Access free Sign!
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