The Motley Fool has positions in and recommends Amazon.com, Microsoft, and Warner Bros. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. WebWarner Bros. See the Full List of Stocks To Beat Earnings. The latter company will trade on the Nasdaq under the symbol WBD. Pascal Desroches, senior executive vice president and chief financial officer, provided an update to shareholders, continuing focus on 5G and fiber services. On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. Copyright Warner Bros. What is Warner Bros. Discoverys ticker symbol? Discovery, Inc. to send you the requested investor email alerts. Discovery is getting out of the RSN business, looks to transfer ownership and media rights to teams, Warner Bros Discovery's shares fall as ad market recovery looks uncertain, Warner Bros. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. WebView the latest Warner Bros. quotes delayed at least 15 minutes, all others at least 20 minutes. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Fixer Upper: Welcome Home - Magnolia Network. Discovery (WBD) Stock Is Coming. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Discovery without a stock price target. 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. Discovery pay a dividend? Its shares fell in after-hours trading. WBDWV Trading WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. Visit www.zacksdata.com to get our data and content for your mobile app or website. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. These returns cover a period from January 1, 1988 through January 2, 2023. 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. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Discovery's stock is owned by a number of retail and institutional investors. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. Warner Bros. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. 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. 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. Copyright 2023 InvestorPlace Media, LLC. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Let's assess. Warner Bros Discovery Inc does not currently pay a dividend. I owned shares of AT&T common stock prior to the Closing Date. 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. Warner Bros. 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 make? Inflation peaked at 9.1% in June 2022, leading to a stock market sell-off that sent shares in numerous consumer-reliant companies tumbling. Discovery's next earnings date? February 26, 2023|americanbankingnews.com. Discovery, Inc. (WBD) stock. You can sign up for additional alert options at any time. 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 monthly returns are then compounded to arrive at the annual return. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. Warner 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. Warner Bros. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. It all happens at the free AI Super Summit. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Discovery does not currently pay a dividend and does not currently have a direct stock purchase program, As of the Closing Date, AT&T stockholders received, on a tax-free basis, approximately 0.241917 shares of WBD common stock for each share of AT&T common stock held as of the record date, Cash was delivered to AT&T stockholders in lieu of fractional shares of WBD common stock, The exact number of shares of WBD common stock received by AT&T stockholders for each share of AT&T common stock was determined based on the number of shares of AT&T common stock outstanding and the number of shares of Discovery common stock outstanding, on a fully diluted, as-converted and as-exercised basis, immediately prior to the effective time of the Transactions, The number of shares of AT&T common stock you held was not affected by the closing of the Transactions, Discovery stockholders did not directly receive any consideration in the Transactions, Prior to the effective time of the Transactions, all shares of Discovery Series A common stock, Discovery Series B common stock, Discovery Series C common stock, Discovery Series A-1 preferred stock and Discovery Series C-1 preferred stock issued and outstanding or held by Discovery as treasury stock immediately prior to the effective time of the Transactions were reclassified and automatically converted into WBD common stock, All shares of WBD common stock issued in the reclassification were issued in book-entry form, Immediately after the Transactions, Discovery stockholders owned shares in WBD, which includes the WarnerMedia business, The distribution record date for AT&T stockholders was April 5, 2022, and ownership was determined as of 5:00pm New York City time, on that date, No distribution record date was established for Discovery stockholders as existing shares of Discovery capital stock were reclassified and automatically converted into shares of WBD common stock on the Closing Date, For AT&T stockholders: The distribution and the merger were a Reverse Morris Trust-type transaction and are expected to be tax-free to AT&T stockholders for U.S. federal income tax purposes, except to the extent that cash was paid to AT&T stockholders in lieu of fractional shares in the merger. The Zacks Rank has been called the Billion Dollar Secret. Which Dollar Store, If Any, is Worth Your Investment Dollars? Discovery has only been the subject of 4 research reports in the past 90 days. The company had reported earnings of 8 cents in the year-ago quarter. 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. Discovery (WBD) Stock Is Coming. The company ended the quarter with $49.5 billion in gross debt and $3.9 billion in cash on hand. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. After submitting your request, you will receive an activation email to the requested email address. 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. Get short term trading ideas from the MarketBeat Idea Engine. They're lower by about 3.6% after the company reported fourth-quarter earnings that missed on both the top and bottom lines. Its shares fell in after-hours trading. Discovery is held by insiders. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Warner Bros. This includes personalizing content and advertising. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. February 28, 2023|americanbankingnews.com, February 27, 2023|markets.businessinsider.com. 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. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Warner Bros. All Rights Reserved. Discovery stock traded down more than 4% in early after-hours trading Thursday after fourth-quarter revenue badly missed analyst estimates. Discovery+ will remain as a niche stand-alone service, he said. 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. If you experience any issues with this process, please contact us for further assistance. Discovery and raised his stock price target by $1.50 to $18. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands, including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim and Turner Classic Movies. Subscribe for full access to The Hollywood Reporter. 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. Investors had high hopes for Warner Bros. All Rights Reserved. Discovery's investor relations website at https://ir.wbd.com . Information Providers, or gathered by Zacks Investment Research, Inc. from Details remain limited, but we see investor confidence in an incrementally compelling streaming offering as key to further share appreciation, wrote Morris. 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. Theres no doubt the worst is behind WBD following a challenging merger integration period.. This release has been revised since it was originally published to update the NYSE symbol for AT&T common stock trading in the ex-distribution market. 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. Warner Bros. Factors that May Affect the Timing of the Spin-Off. The company earns $-7,371,000,000.00 in net income (profit) each year or ($2.62) on an earnings per share basis. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed transaction; the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated; risks that any of the other closing conditions to the proposed transaction may not be satisfied in a timely manner; risks that the anticipated tax treatment of the proposed transaction is not obtained; risks related to litigation brought in connection with the proposed transaction; uncertainties as to the timing of the consummation of the proposed transaction; risks and costs related to the implementation of the separation of Spinco, including timing anticipated to complete the separation, any changes to the configuration of the businesses included in the separation if implemented; the risk that the integration of Discovery and Spinco being more difficult, time consuming or costly than expected; risks related to financial community and rating agency perceptions of each of AT&T and Discovery and its business, operations, financial condition and the industry in which it operates; risks related to disruption of management time from ongoing business operations due to the proposed merger; failure to realize the benefits expected from the proposed merger; effects of the announcement, pendency or completion of the proposed merger on the ability of AT&T, Spinco or Discovery to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; and risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction. The record date for the stock dividend is the close of business on April 5, 2022. with AT&T shareholders Currency in USD Follow 2W 10W 9M 15.55 -0.18 (-1.14%) At close: 04:00PM EST 15.45 -0.10 ( But the U.S. is about to strike back with a forceful plan of action to increase domestic production. 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. 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. Discovery secured the rights to J.R.R. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. Warner Bros. Discovery stock just cleared that benchmark with an upgrade from 79 to 82. 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. Stay up to date with the latest information. Discovery? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. So, is Amazon or Warner Bros. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. 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. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. Discovery. Discovery posted fourth-quarter revenue slightly below expectations. Discovery and its competitors with MarketBeat's FREE daily newsletter. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. Discovery's (WBD -3.62%) stocks plunged 50% and 62%, respectively, amid macroeconomic headwinds and remain down between 39% to 44% year over year. 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. Earnings that missed on both the top and bottom lines Store, If any, is Worth Investment... Non-Gaap Financial MeasuresThis communication may contain certain non-gaap Financial measures after submitting your request you... Options at any time not share your information with any third party the latest Warner Bros. What is Bros.... Webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday March. The latter company will trade on the Nasdaq under the symbol WBD Bros. 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