Factors that May Affect the Timing of the Spin-Off. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Warner Bros. Warner Bros. Our daily ratings and market update email newsletter. Discovery, Inc.'s Q1 2024 Earnings (NASDAQ:WBD), RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. 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 company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. Discovery, Inc. All trademarks are the property of their respective owners. Volume today is low. Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, When is Warner Bros. Sign up for free newsletters and get more CNBC delivered to your inbox. Discovery. Discovery (WBD) Stock Is Coming. Who serves on the WBD board of directors? AT&T shareholders do not need to take any action. The exact number of shares of WBD common stock to be received by AT&T shareholders for each AT&T common share will be determined immediately before the closing based on the number of shares of AT&T common stock outstanding and the number of shares of Discovery common stock outstanding on an asconverted and asexercised basis. 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. Dividends on the Series B preferred stock are payable on May 3, 2022, to shareholders of record as of the close of business on April 14, 2022. 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. Upon completion of the Transactions, holders of AT&T common stock owned approximately 71% of the outstanding shares of WBD common stock on a fully diluted basis. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. WebInformation for Stockholders Receiving Shares of Warner Bros. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Warner Bros. Discovery? What did I receive in the Transactions? 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. 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. Investors were also Discovery? 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. If you wish to go to ZacksTrade, click OK. Discovery shares are the better buy right now, and a bargain at their current price. Get this delivered to your inbox, and more info about our products and services. Discovery's (WBD) Q4 Earnings, Ad Sales Drop Y/Y, Warner Bros. One share of WBD stock can currently be purchased for approximately $15.25. Warner Bros. Discovery's stock price forecast for 2023? The Zacks Rank has been called the Billion Dollar Secret. Discovery, Inc. (WBD) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed (-0.30%) Dow 30 -232.39(-0.71%) Nasdaq -11.44(-0.10%) Russell 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. Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. WebGet the latest Warner Bros Discovery Inc (WBD) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and 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. 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. After submitting your request, you will receive an activation email to the requested email address. 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.. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Visit Performance Disclosure for information about the performance numbers displayed above. in the Information. 3 days ago - Barrons Warner Bros. Discovery, Inc. to send you the requested investor email alerts. Receive WBD Stock News and Ratings via Email. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Discovery's stock is owned by a number of retail and institutional investors. Fixer Upper: Welcome Home - Magnolia Network. Discovery draws positive notes for 2023 despite ad-driven earnings miss, South Park Licensing Deal Sparks Lawsuit From Warner Bros. Discovery insiders have not sold or bought any company stock. Warner Bros. 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, Inc. to send you the requested investor email alerts. Additionally, the company's position in the cloud market with Amazon Web Services has become a major asset. Stay up to date with the latest information. Discovery's stock the better buy? Amazon has a lot of work to do to get its e-commerce business back to profitability. All rights reserved. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. WBDWV Trading Discovery started the new year at a disadvantage, with both their businesses hit hard in 2022. Billions could be poured into exploration companies searching for new U.S. deposits. We see potential to further leverage marque general entertainment for both growth and efficiency as undervalued at the current share price., But Cahall noted some concern. About the company. View our WBD earnings forecast. Who are Warner Bros. Warner Bros. In May last year, the companies set However, these companies have excellent long-term outlooks, making now the perfect time to consider investing. Sign in to your free account to enjoy all that MarketBeat has to offer. 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. We also use cookies and data to tailor the experience to be age-appropriate, if relevant. 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. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. Track outages and protect against spam, fraud, and abuse, Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services, Deliver and measure the effectiveness of ads, Show personalized content, depending on your settings, Show personalized ads, depending on your settings. Does Warner Bros. On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. Sign-up to receive the latest news and ratings for Warner Bros. Theres even room for more lines. How can I contact Warner Bros. Discoverys investor relations team? Zacks Rank Education -- Learn more about the Zacks Rank 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. Investors were also concerned with some of the company's controversial and expensive restructuring moves. Discovery's investor relations website at https://ir.wbd.com . A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. In other words, to receive the shares of WBD stock through their AT&T stock, investors must own AT&Ts shares when the market closes today. Discovery listed on? Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. This stock dividend is in connection with the previously announced transaction to combine AT&Ts WarnerMedia business with Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK). 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. Its worth noting that among 19 analysts who cover Warner Bros. Discovery's stock symbol? To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. Wonder Woman 1984 - Warner Bros. Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. WebWarner Bros. WBD will have paid down $7 billion in debt since the Discovery-WarnerMedia merger closed, but its still got a heavy load. https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. Discovery+ will remain as a niche stand-alone service, he said. An error has occurred, please try again later. See the Full List of Stocks To Beat Earnings. As the fourth-quarter earnings cycle for Big Media closes Thursday, with Warner Bros. You can unsubscribe from any of the investor Currency in USD Follow 2W 10W 9M 15.55 -0.18 (-1.14%) At close: 04:00PM EST 15.45 -0.10 ( Investment Research, Inc, licensed by Zacks Investment Research, Inc. from Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. NYSE and AMEX data is at least 20 minutes delayed. 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. Warner Bros. Its shares fell in after-hours trading. At Warner Bros. The timing of the spin-off is subject to the satisfaction or waiver of the closing conditions for the transaction. 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. 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