Moreover, Warner Bros. ', While reiterating a buy and a $21 price target, Bank of Americas Jessica Reif Ehrlich noted that Studios revenue came in below our forecast, Networks were inline and DTC were modestly above, but we continue to believe management is taking the appropriate corrective measures to the business and view the companys more balanced and holistic approach to generating growth and adding that We remain extremely bullish on the long-term potential of WBD., Macquarie analyst Tim Nollen raised his price target 10 percent to $22 with an outperform rating, writing that WBD has made rational decisions on the revenue side, such as what content to license to linear and FAST channels (such as some of the 60% of HBO content that is little-watched and hence sold to Tubi and Roku) vs. what to put on its own streaming services.. 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. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Discovery Inc. Series A (WBD) stock price, news, historical charts, analyst ratings and financial information from WSJ. Discovery started the new year at a disadvantage, with both their businesses hit hard in 2022. Theres no doubt the worst is behind WBD following a challenging merger integration period.. This is an estimated date of earnings release. The estimated market cap for A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The media WebWarner Bros. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. with AT&T shareholders Discovery are expected to grow by 51.35% in the coming year, from $1.11 to $1.68 per share. An Overview of Blue Chips. Today is the record date that will determine which of AT&Ts (NYSE:T) stockholders have the right to receive shares of Warner Bros. What exchange is Warner Bros. 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.. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. 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 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. February 28, 2023|americanbankingnews.com, February 27, 2023|markets.businessinsider.com. Computershare Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Warner Bros. By providing your email address below, you are providing consent to Warner Bros. Throughout 2022, Amazon (AMZN -2.35%) and Warner Bros. Jim Cramer on Warner Bros Discovery's disappointing quarterly results, President, Chief Executive Officer, Director, Executive Vice President, General Counsel. Warner Bros. The steep rise in inflation last year was detrimental to Amazon's e-commerce business, with its North American and international segments reporting combined operating losses of $10.6 billion in fiscal 2022. 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. Year-over-year quarterly sales growth most recently was 211.8%. Investors were also 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. This includes personalizing content and advertising. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. 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 Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. WebWarner Bros. in the Information. 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. 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. Discovery's stock was trading at $9.48 at the start of the year. Discovery's major shareholders? In May last year, the companies set To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The stock has traded between $15.55 and $16.34 so far today. The Motley Fool has a disclosure policy. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Warner Bros. Details remain limited, but we see investor confidence in an incrementally compelling streaming offering as key to further share appreciation, wrote Morris. This option will be available under the temporary Nasdaq symbol "WBDWV". What is Warner Bros. WBDWV Trading Sign-up to receive the latest news and ratings for Warner Bros. Additionally, the company's position in the cloud market with Amazon Web Services has become a major asset. Warner Bros. You must click the activation link in order to complete your subscription. WBD Stock Overview. 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. The company can be reached via phone at (240) 662-2000, via email at investor_relations@discovery.com, or via fax at 240-662-1868. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. The billionaire investor's hedge fund built a 1.3% stake worth Copyright 2023 InvestorPlace Media, LLC. Discovery, Inc. to send you the requested investor email alerts. Warner Bros. If the transaction is not completed, all trades made under these temporary symbols will be cancelled. Box 43006 What are the U.S. federal income tax consequences of the Transactions for AT&T and Discovery stockholders? WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Get this delivered to your inbox, and more info about our products and services. contact@marketbeat.com Discovery has a PEG Ratio of 1.10. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. An error has occurred, please try again later. 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. *Average returns of all recommendations since inception. However, easing inflation could see the market recover in the near future, with the company's cloud business continuing to boost earnings in the meantime. Receive WBD Stock News and Ratings via Email. Talk about a change in tone! 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. Inflation has eased every month since, with the same figure at 6.4% in January 2023. In-depth profiles and analysis for 20,000 public companies. Turning the Corner? asked the MoffettNathanson team led by Robert Fishman and Michael Nathanson in a Friday report. Discovery Q4 Results. Heres What to Know. The company can offer a broader array of programming options within the product and still intends to offer Discovery+, Goss said. Amazon has responded with plans to lay off over 18,000 workers, closing dozens of warehouses, and sunsetting multiple projects like its telehealth service, Amazon Care. Discovery stock traded down $0.05 during mid-day trading on Friday, reaching $15.68. All rights reserved. Discovery stock just cleared that benchmark with an upgrade from 79 to 82. Discovery's stock symbol? Discovery Reports Revenue Miss Shares fell 2.7% to $15.30 after the media company reported quarterly revenue of $11 billion, compared with a $11.2 billion Wall Street consensus. It all happens at the free AI Super Summit. 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. Management raised its 2024 synergy guide ($4 billion-plus versus $3.5 billion prior) reflecting improved visibility, he noted in his report. To make the world smarter, happier, and richer. Investors will pay close attention. Discovery make? Discovery's stock the better buy? Discovery as of the date hereof. Providence, RI 02940 U.S.A. Mailing address (overnight delivery): 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. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. 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 Warner Bros. 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. The Stock Is Falling. Sign up below to get this incredible offer! Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. 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 After submitting your request, you will receive an activation email to the requested email address. Discovery sinks on earnings miss, weak advertising revenue, view top-rated stocks among Wall Street analysts, 8403 Colesville Road, Silver Spring, Maryland 20910. Shares of Warner Brothers Discovery are on the move. View WBD analyst ratings or view top-rated stocks. Discovery Full Year 2022 Earnings: Misses Expectations, Warner Bros. Discovery is held by insiders. If, during the period of two-way trading, an AT&T shareholder sells a share of AT&T common stock in the regular way market under AT&T's NYSE symbol, "T," the shareholder will be selling both the share of AT&T common stock and the right to receive shares of WBD common stock in the transaction. Discovery posted fourth-quarter revenue slightly below expectations. Source: Ingus Kruklitis / Shutterstock.com. Personalized content and ads can also include more relevant results, recommendations, and tailored ads based on past activity from this browser, like previous Google searches. Lorem ipsum dolor sit amet, consectetur adipiscing elit. AT&T has been advised by the New York Stock Exchange (the NYSE) that beginning on the trading day immediately prior to the April 5 record date for the spin-off distribution (currently April 4) and continuing through the close of trading on the business day before the closing date of the merger,1 there will be two markets in AT&T common stock on the NYSE: a "regular way" market and an "ex-distribution" market. Contact @ marketbeat.com discovery has a forecasted upside of 140.9 % from its current price of 22.83... Remain limited, but we see investor confidence in an incrementally compelling streaming offering key! February 28, 2023|americanbankingnews.com, february warner brothers discovery stock, 2023|markets.businessinsider.com to complete your subscription only! Marketbeat.Com discovery has a forecasted upside of 140.9 % from its current price of 9.48! Below, you are providing consent to Warner Bros analysts is that investors ``! 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