Warner Bros Discovery, Inc. WBD Stock Price, Quote & News

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CNN, meanwhile, is not seen as central to the investment thesis of WBD but the news network still throws off significant cash flow and carries symbolic weight in the portfolio. In terms of programming strategy, however, it has been one of the most problematic pieces of the $43 billion merger of WarnerMedia and Discovery, which closed in April 2022. Comcast announced Sunday that NBCUniversal CEO Jeff Shell had left the company due to an inappropriate relationship with a colleague. Fox and WBD on Monday delivered equally stunning news they had parted ways with prominent hosts Tucker Carlson of Fox News and Don Lemon of CNN, respectively. Discovery’s argument that Paramount Global was required to deliver additional South Park content is baseless and wholly unsupported by the parties’ agreement. Furthermore, it certainly does not justify WBD’s refusal to pay for immensely valuable content, all of which it has received and from which it continues to profit,” a Paramount spokesperson said in a statement.

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Discovery stock is tax-free to AT&T holders. It is only when investors sell either their AT&T or Warner Bros. stock that taxes could be due. This is a confirmed date of earnings release. There may be delays, omissions, or inaccuracies in the Information. The technique has proven to be very useful for finding positive surprises.

Earnings Preview: Warner Bros. Discovery (WBD) Q1 Earnings Expected to Decline

Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.

These investments in technology could give the company a competitive advantage over its peers and help it to continue to produce innovative and engaging content. Discovery, Inc. is led by Chief Executive Officer David Zaslav, who has been with the company since 2007. He has extensive experience in the media and entertainment industry, having previously served as the CEO of NBC Universal. David’s team brings a wealth of knowledge and expertise to the company, with backgrounds in media, finance, and communications. Discovery is -5.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Quotes & News

Discovery has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Discovery has received a consensus rating of Buy. The company’s average rating score is 2.63, and is based on 13 buy ratings, 5 hold ratings, and 1 sell rating.

Warner Bros Discovery and Viacom18 Reach Agreement to Bring … – Best Stocks

Warner Bros Discovery and Viacom18 Reach Agreement to Bring ….

Posted: Thu, 27 Apr 2023 20:04:02 GMT [source]

In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Discovery just announced a much larger than previously reported write-down on its library content, putting some investors on edge.

The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. There have been rumblings this was happening for a long while now, but it appears to be close to fruition. A new Bloomberg report says that Warner Bros. Discovery is nearing a deal which would bring a new Harry Potter TV series to HBO Max. There’s no longer any doubt that Illumination’s Nintendo game adaptation is joining the billion dollar box office club. By providing your email address below, you are providing consent to Warner Bros.

Their WBD share price forecasts range from $11.00 to $36.00. On average, they expect the company’s stock price to reach $21.31 in the next twelve months. This suggests a possible upside of 56.6% from the stock’s current price. View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. 19 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Warner Bros.

The effective cost basis in Warner Bros. Discovery stock would be $32 a share—or $8 divided by 0.25. The three bits of news have distinct implications for the respective financial outlooks of each entity. Fox, which heavily relies on Fox News and collects about $100 million in annual advertising revenue for Carlson’s show, immediately saw its shares plunge 4% after the news of the host’s ouster.

The cost basis for tax purposes should be based on the value of AT&T and Discovery stock on Friday. AT&T finished at $24.14 and Discovery at $24.43. Discovery stock received for each AT&T share was roughly $5.90 (0.242 times $24.43), or 25% of the value of AT&T stock on Friday.

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Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of WBD stock can currently be purchased for approximately $13.61. The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023. What Factors Will Drive S&P 500 Performance This Year? Analysts are forecasting a positive return for the S&P 500, and back-to-back downside years are rare. But weakening earnings could put a dent in returns.

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Sign Up NowGet this delivered to your inbox, and more info about our products and services. Safran shared footage from “Aquaman and the Lost Kingdom,” “Blue Beetle” and “The Flash.” The company is screening the Ezra Miller-led “The Flash” to CinemaCon attendees on Tuesday. Director Denis Villeneuve promised more action and political intrigue in the second installment. “Dune,” released in 2021, generated nearly $400 million at the global box office and snared six Academy Awards during the 2022 Oscars ceremony.

Warner Bros. Discovery CEO Finding A Lot Of Skeletons In The Financial Closet

Discovery previewing their new ‘Max’ streaming platform. Peter Supino, Wolfe Research, joins ‘Closing Bell’ to discuss Netflix ahead of the company reporting earnings. The company is investing in new technologies to enhance its content delivery capabilities. For example, the company is exploring the use of virtual reality and augmented reality technologies to create immersive experiences for its viewers.

  • The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank.
  • Upgrade to MarketBeat All Access to add more stocks to your watchlist.
  • These returns cover a period from January 1, 1988 through April 3, 2023.
  • There have been rumblings this was happening for a long while now, but it appears to be close to fruition.

The company was founded April 8, 2022 and is headquartered in New York, NY. He also reassured media and insiders that Warner Bros. Discovery is committed to long-term theatrical releases, saying the company is in “no rush to bring movies to Max,” the company’s forthcoming flagship streaming service. For Comcast, NBCU is a key asset but one that generates about one-third of its total revenue. Shell’s duties have been absorbed on an interim basis by Comcast President Mike Cavanagh, a trusted corporate lieutenant who is well-respected in financial circles. WBD added it continues to take on damages of over $200 million “as a result of Defendants’ misconduct,” wrote the lawsuit.

According to 17 analysts, the average rating for WBD stock is “Buy.” The 12-month stock price forecast is $20.79, which is an increase of 52.76% from the latest price. Discovery, Inc. operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Pictures, New Line Cinema, Cartoon Network, Adult Swim, and Turner Classic Movies.

You must click the activation link in order to complete your subscription. You can sign up for additional alert options at any time. Jessica Reif Ehrlich, Bank of America Senior Media & Entertainment Analyst discusses an event by Warner Bros.

The deal was set to last through June 2025. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. 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. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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That means an investor would allocate roughly 75% of his or her cost to AT&T and 25% to Warner Bros. 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. Money Flow Uptick/Downtick RatioMoney flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an “uptick” in price and the value of trades made on a “downtick” in price.

Consumer preferences, technological advances, and advertising trends could impact the company’s performance. High institutional ownership can be a signal of strong market trust in this company. Discovery has a short interest ratio (“days to cover”) of 3.7, which is generally considered an acceptable ratio of short interest to trading volume. The company also operates production studios that develop and produce content; and digital products and Websites. In 2021, Paramount’s MTV Studios paid a whopping $900 million in a deal with “South Park” creators Trey Parker and Matt Stone.

The https://1investing.in/‘s price-to-book ratio is below the industry average. Its strong brand recognition, extensive content library, and growth potential may drive the company’s valuation. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

cost insurance and freight, Inc. to send you the requested investor email alerts. Although an introductory video at Wednesday’s Warner Bros Discovery streaming event included clips of NBA star LeBron James and CNN host Anderson Cooper, the rest of the presentation was strikingly sp… Wall Street eyes the record marketing campaign needed to launch the new ‘Max’ service. Elaine Low at The Ankler joins ‘Power Lunch’ to discuss Netflix’s live streaming troubles, streaming providers expanding to provide live programmings, and expectations for Netflix’s earnings numbers. Celebrities, athletes, and financial gurus join ‘Power Lunch’ to make their picks. Discovery doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

This Week’s Top Stories: Recession Fears, Cineworld Sinks … – Cheddar

This Week’s Top Stories: Recession Fears, Cineworld Sinks ….

Posted: Fri, 14 Apr 2023 07:00:00 GMT [source]

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Discovery dipped nearly 6% today as the company took the wraps off its rebranded streaming service amid a flood of new programming announcements. Yahoo Finance entertainment reporter Allie Canal joins the Live show to discuss the unveiling of Warner Bros.

Discovery insiders have not sold or bought any company stock. According to analysts’ consensus price target of $21.31, Warner Bros. Discovery has a forecasted upside of 56.6% from its current price of $13.61. Investors can pick which block of stock they want to use when they sell any AT&T or Warner Bros. In midday trading on Monday, AT&T stock was up 7.6%, at $19.66, adjusted for the value of the Warner Bros Discovery stock received by AT&T holders, who got a 0.242 share of Warner Bros. Stock added a bullish analyst on Monday who thinks the stock is worth buying even after it surged this year.

Discovery, Inc. has reported steady revenue growth over the past few years, with total revenues increasing and the company’s profit margins improving. With net income up, the company’s debt levels have increased following the merger with Discovery Communications. The company has a current market capitalization of approximately $34 billion.

After attempting something similar a few days ago, the account “vids that go hard” with 1.1 million followers has posted the entirety of the Super Mario Bros. Movie, yes the one that’s still in theaters and just crossed $1 billion at the box office, illegally to Twitter. Discovery announces MAX, its enhanced streaming service, which is going to release in May 2023. Get MarketBeat All Access Free for 30 DaysJoin thousands of other investors who make better investing decisions with our premium tools.

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