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. View our WBD earnings forecast. Visit Performance Disclosure for information about the performance numbers displayed above. But some also turned their attention to questions about the future. 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. 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. The technique has proven to be very useful for finding positive surprises. Wonder Woman 1984 - Warner Bros. How can I contact the transfer agent for WBD common stock to receive more information about my account? The scores are based on the trading styles of Value, Growth, and Momentum. Heres What to Know. Discovery Board of Directors. 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. All rights reserved. Information set forth in this communication, including any financial estimates and statements as to the expected timing, completion and effects of the proposed transaction between AT&T, Spinco, and Discovery constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These returns cover a period from January 1, 1988 through January 2, 2023. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. He has been employed by The Fly and Israels largest business newspaper, Globes. We use cookies to understand how you use our site and to improve your experience. Visit www.zacksdata.com to get our data and content for your mobile app or website. Volume today is low. Theres even room for more lines. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. The firm maintained its market perform rating on Warner Bros. Discovery. Discovery Inc. Series A SEC filings breakout by MarketWatch. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The trading options that will be available during the two-way trading period are: AT&T Regular Way Trading Source: Ingus Kruklitis / Shutterstock.com. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. This stock dividend is in connection with the previously announced transaction to combine AT&Ts WarnerMedia business with Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK). AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close. Discovery's stock price today? The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. 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. About the company. State of the Union - CNN. Discovery Full Year 2022 Earnings: Misses Expectations, Warner Bros. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% Warner Bros. Got a confidential news tip? 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Is Stellantis Stock a Value Investors Dream? Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. Thank you for your interest and ownership in Warner Bros. WebWarner Bros. WebAt Warner Bros. Warner Bros. in the Information. However, its focus on producing engaging and quality content from now on could take it far, whether in gaming, streaming, or at the box office. They're lower by about 3.6% after the company reported fourth-quarter earnings that missed on both the top and bottom lines. Warner Bros. Discovery? Discovery. 150 Royall Street, Suite 101 Delayed quotes by FIS. 20 analysts have issued 1 year target prices for Warner Bros. The company can offer a broader array of programming options within the product and still intends to offer Discovery+, Goss said. 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. Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. WebWarner Bros. Sign In. Warner Bros. Amazon has a lot of work to do to get its e-commerce business back to profitability. During this period of two-way trading in AT&T common stock, there will also be a market on the Nasdaq for WBD common stock on a when issued (WI) basis. Export data to Excel for your own analysis. WebView the latest Warner Bros. 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 Board of Directors, David Zaslav serves as President and Chief Executive Officer of WBD. Click here to watch the full series. Discovery's next earnings date? Where can I find historical stock price information? Warner Bros. Discovery has received a consensus rating of Buy. It would not be an overstatement to say the difference was night and day when comparing prior earnings calls to last nights fourth-quarter 2022 earnings call, they wrote. Discovery does not have a long track record of dividend growth. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. This suggests a possible upside of 44.1% from the stock's current price. AT&T shareholders do not need to take any action. 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. Discovery as of the date hereof. | Privacy Policy. 55.18% of the stock is currently owned by institutional investors and hedge funds. The company's average rating score is 2.55, and is based on 12 buy ratings, 7 hold ratings, and 1 sell rating. What equity stake do Discovery and AT&T stockholders hold in WBD following the Transactions? Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. WebInformation for Stockholders Receiving Shares of Warner Bros. Discovery, Inc. to send you the requested investor email alerts. Discovery's stock. No cost, no obligation to buy anything ever. At Warner Bros. 5 Hypergrowth Stocks With 10X Potential in 2023, the day before the transaction officially, 7 Smart Stock Picks for Cautious Investors, Louis Navellier and the InvestorPlace Research Staff, Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Cathie Wood Is Betting Big on These 5 AI Stocks, Dear MULN Stock Fans, Mark Your Calendars for March 7. Beat Bobby Flay - Food Network. Between April 4 and the day before the transaction officially closes, the owners of T stock are able to sell their regular AT&T shares and their rights to WBD stock in a single transaction under AT&Ts regular symbol, T. Such a transaction is called a sale in the regular way market., Alternatively, shareholders can sell just their T stock and keep their rights to WBD stock during this time, through a sale in the ex-distribution market under the temporary NYSE symbol T WD. Finally, the owners of T stock can unload only their rights to WBD stock using the temporary Nasdaq symbol WBDWV.. With a combined weighting of more than 4%, its strength in these three tickers that have much to do with the S&Ps 2023 performance. Which Dollar Store, If Any, is Worth Your Investment Dollars? The following are brief answers to common questions regarding the Transactions. Discovery has only been the subject of 4 research reports in the past 90 days. 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. NBA on TNT. Warner Bros. Discovery has a PEG Ratio of 1.10. Investors had high hopes for Warner Bros. Discovery's stock price forecast for 2023? The Motley Fool has a disclosure policy. It creates and distributes a portfolio of content and brands across television, film, and streaming. No fractional shares of WBD common stock were issued in the merger, Computershare is your primary contact for issues and questions relating to your account, as well as to request a change of address, stock transfers, and other questions related to WBD common stock of which you are the record owner. with AT&T shareholders Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Only 6.07% of the stock of Warner Bros. Discovery listed on? In the past three months, Warner Bros. Heres What to Know. Discovery this year. Discovery? You must click the activation link in order to complete your subscription. How good is it? Discovery does not currently pay a dividend. There may be delays, omissions, or inaccuracies 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. the Web site, including, but not limited to Information originated by Zacks Discovery has a P/B Ratio of 0.76. Over the next several weeks and months, the Warner Bros. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. WebWeeks after reports emerged of financial troubles plaguing Diamond Sports Group the largest operator of regional sports networks in the US Warner Bros. 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. Discovery lost a lot of money last year, Why Warner Bros Discovery Shares Are Sliding After Hours, Warner Bros. During the two-way trading period, an AT&T shareholder also has the option of selling the right to receive shares of WBD common stock while retaining shares of AT&T common stock. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Nasdaq In May last year, the companies set The company had reported earnings of 8 cents in the year-ago quarter. AT&T Declares Dividends on Common and Preferred Stock. https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. AT&T Communications provides more than 100 million U.S. consumers with communications and entertainment experiences across mobile and broadband. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Box 43006 AT&T Ex-distribution Trading View WBD analyst ratings or view top-rated stocks. Warner Bros. Throughout 2022, Amazon (AMZN -2.35%) and Warner Bros. Wall Street Hunts for Evidence of Turnaround Momentum in Warner Bros. Evercore ISI has placed a price target on the stock of $40. 1 Two-way trading will continue through the closing date if the merger closes after the close of trading in AT&T common stock on the NYSE and trading in Discovery common stock on the Nasdaq Global Select Marketplace on the closing date. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Discovery Inc. Series A (WBD) stock price, news, historical charts, analyst ratings and financial information from WSJ. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Discovery (WBD) Stock Is Coming. A Division of NBCUniversal. At the updated rate, AT&Ts stock remains among the best dividend-yielding stocks in the United States and in the Fortune 500. We want to hear from you. 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? Investment Research, Inc, licensed by Zacks Investment Research, Inc. from Discovery entity. Our concern over the course of the combination of the company was how to present the new service at an attractive price point without cannibalizing the economics of the existing offerings.. WebWarner Bros. What are the different share classes of Warner Bros. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 On the closing date of the transaction, each AT&T shareholder will receive, on a tax-free basis, an estimated 0.24 shares of the new WBD common stock for each share of AT&T common stock held as of the record date for the Compare Top Brokerages Here. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. Its shares fell in after-hours trading. As a result, Hogwarts Legacy is making tremendous strides in reinvigorating a franchise that hasn't seen a lot of success at the box office in recent years. Top institutional shareholders include Newport Trust Co (2.11%), Geode Capital Management LLC (1.97%), Moneta Group Investment Advisors LLC (1.16%), Sessa Capital IM L.P. (0.97%), Norges Bank (0.85%) and Morgan Stanley (0.77%). Management raised its 2024 synergy guide ($4 billion-plus versus $3.5 billion prior) reflecting improved visibility, he noted in his report. Its worth noting that among 19 analysts who cover Warner Bros. Research, Inc. nor its Information Providers can guarantee the accuracy, You can sign up for additional alert options at any time. 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 timing of the spin-off is subject to the satisfaction or waiver of the closing conditions for the transaction. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. Discovery's stock the better buy? This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 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. Warner Bros. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. February 26, 2023|americanbankingnews.com. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Warner Bros. You can also visit g.co/privacytools at any time. How many employees does Warner Bros. completeness, timeliness, or correct sequencing of any of the Information on As a result, Warner Bros. Warner Bros. Discovery, Inc. All trademarks are the property of their respective owners. Get daily stock ideas from top-performing Wall Street analysts. Discovery stock right now? The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free Discovery (NASDAQ:WBD) has a market capitalization of $37.03 billion and generates $33.82 billion in revenue each year. Who serves on the WBD board of directors? (844) 978-6257. If you choose to Reject all, we will not use cookies for these additional purposes. You should consult your tax advisor as to the consequences of the Transactions to you, including the applicability and effect of any U.S. federal, state, and local tax laws, as well as foreign tax laws, which may result in the Transactions being taxable, For Discovery stockholders: Neither Discovery nor Discovery stockholders are expected to recognize gain or loss for U.S. federal income tax purposes upon the completion of the Transactions. 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