An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. After submitting your request, you will receive an activation email to the requested email address. WebWarner Bros. Warner Bros. P.O. Inflation peaked at 9.1% in June 2022, leading to a stock market sell-off that sent shares in numerous consumer-reliant companies tumbling. 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. A few minutes after, Warner Bros. Discoverys shares were up 1.8 percent at $16.01. We have been chosen as the exclusive connectivity provider for Lucid's full line of electric vehicles (EVs) shipped in the U.S., Canada and Mexico. NYSE and AMEX data is at least 20 minutes delayed. 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. 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. The big question is whether the legacy Discovery content fits that bill., Barrington Researchs James Goss also emphasized the positives and the open questions in his Friday report, in which he maintained his market perform rating on Warner Bros. The company earns $-7,371,000,000.00 in net income (profit) each year or ($2.62) on an earnings per share basis. High institutional ownership can be a signal of strong market trust in this company. 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. Discovery Against Paramount Global, Warner Bros. CEO Says James Gunn's DCU Plans Are a 'Game Changer' for the Company, New 'Lord of the Rings' movies are coming after Warner Bros. What is Warner Bros. Discovery and raised his stock price target by $1.50 to $18. View our WBD earnings forecast. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Discovery posted fourth-quarter revenue slightly below expectations. The following are brief The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. What is Warner Bros. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. 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. The average Warner Bros. Discovery price target is $18.67, implying 79.52% upside potential. Conclusion: Should You Consider Warner Bros. Discovery Stock? I totally understand why WBD's rock-bottom P/B ratio might get some value-focused investors frothing at the mouth. We also use cookies and data to tailor the experience to be age-appropriate, if relevant. Well, AT&T is spinning off Warner Media, which will combine with Discovery (NASDAQ:DISCA) to form Warner Bros. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. View the best growth stocks for 2023 here. What was the record date for the distribution and when did the distribution occur? 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. ', 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.. 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. House of the Dragon - HBO. The trading options that will be available during the two-way trading period are: AT&T Regular Way Trading So, is Amazon or Warner Bros. completeness, timeliness, or correct sequencing of any of the Information on The Stock Is Falling. 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. All rights reserved. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. Warner Bros. 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. Throughout 2022, Amazon (AMZN -2.35%) and Warner Bros. Visit Performance Disclosure for information about the performance numbers displayed above. Stock Quote & Chart. Its shares fell in after-hours trading. Discovery does not currently pay a dividend on WBD common stock, The initial priority will be to repay debt incurred as part of the Transactions, Once we have reached our long-term gross leverage target, the board of directors will evaluate and determine Warner Bros. Discoverys capital allocation priorities, Warner Bros. Click here to watch the full series. You can sign up for additional alert options at any time. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 55.18% of the stock of Warner Bros. 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. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 All rights reserved. The new title earned $850 million in its first two weeks and sold more than 12 million units via Sony's PlayStation 5,Microsoft's Xbox Series X|S console, and personal computers. Warner Bros. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 326 E 8th St #105, Sioux Falls, SD 57103 Earnings for Warner Bros. 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. 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. According to analysts' consensus price target of $21.98, Warner Bros. Shares of Amazon and Warner Bros. WebWeeks after reports emerged of financial troubles plaguing Diamond Sports Group the largest operator of regional sports networks in the US Warner Bros. Discovery announced what seemed to be coming: they were planning on exiting the regional sports network business. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. China is aggressively locking up mines and production. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Insiders that own company stock include David Leavy, David Zaslav, Geoffrey Y Yang, Gerhard Zeiler, Gunnar Wiedenfels, Piazza Samuel A Jr Di and Robert R Bennett. The scores are based on the trading styles of Value, Growth, and Momentum. 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. Discovery without a stock price target. Discovery? Discovery has a forecasted upside of 44.6% from its current price of $15.20. AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close. AT&T Declares Dividends on Common and Preferred Stock. The Motley Fool has a disclosure policy. Amazon and Warner Bros. Warner Bros. The Company offers audiences the differentiated and complete portfolio of content, brands, and franchises across television, film, streaming, and gaming in approximately 220 countries and territories and 50 languages. Trades under the symbols "T WD" and "WBDWV" will settle after the closing date of the WarnerMedia-Discovery transaction. Factors that May Affect the Timing of the Spin-Off. WebView the latest Warner Bros. Warner Bros. Neither AT&T nor Discovery is under any obligation, and each expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. WebOur Series A common stock, par value $0.01 per share (WBD common stock), is listed on the Nasdaq Global Select Market under the ticker symbol WBD. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Sign up for free newsletters and get more CNBC delivered to your inbox. The lowest price target is $18. 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. 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. 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 Invest better with The Motley Fool. 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 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. Discovery? Discovery finally bailing out of regional sports - report, Warner Bros. 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 stock right now? View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, Zacks Style Scores Education - Learn more about the Zacks Style Scores. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The ownership of the combined company following the Transactions was the result of a negotiated value exchange between AT&T and Discovery, which was based upon each partys valuations of Discovery and the WarnerMedia business, prior to the execution of the agreements defining the Transactions in May 2021. Warner Bros Discovery Inc does not currently pay a dividend. The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. Last year, the service earned 100% of Amazon's $12.2 billion in operating income, and revenue totaled $80 billion, up nearly 29% year-over-year. Discovery's stock. publicly available sources. The media To make the world smarter, happier, and richer. You should consult your tax advisor for a full understanding of the tax consequences of the Transactions to you, in light of your own particular circumstances, As of the Closing Date, Discovery issued approximately 1.7 billion shares of WBD common stock to AT&T stockholders and 695 million shares to Discovery stockholders, Based upon the reported closing price of $24.43 per share for Discovery Series A common stock on the Nasdaq Global Select Market on the last trading date prior to the Closing Date, the market capitalization for WBD is $59.3 billion, Please refer to our board of directors here: Warner Bros. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. 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. Stock Ratings Reports 2023 The Hollywood Reporter, LLC. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. 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. Discovery revealed in its fourth-quarter 2022 earnings call that engagement with Wizarding World Digital, responsible for e-commerce and online news concerning Harry Potter, skyrocketed 300% in the first 10 days of February. The latter company will trade on the Nasdaq under the symbol WBD. The board of directors also declared an annual dividend on the companys Fixed Rate Reset Perpetual Preferred Stock, Series B, of 2,875.00 per preferred share. 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. The Stock Is Falling. Out of the dark, but have they made it to the light? Cahall summarized the key question. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. 55.18% of the stock is currently owned by institutional investors and hedge funds. Warner Bros. How good is it? Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, New Line Cinema, Cartoon Network, Adult Swim, and Turner Classic Movies. Computershare Discovery put volume heavy and directionally bearish, RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. The estimated market cap for AT&T will get $43 billion in cash and other compensation while its shareholders (like me, a modest investor) will get stock representing 71 percent of Warner Bros. 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. Real time prices by BATS. Discovery, Inc. 230 PARK AVENUE SOUTH, NEW YORK, New York, 10003, United States +1 212 548-5555 However, many companies still have a long road to recovery after a challenging year. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. 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, Inc., we promise to treat your data with respect and will not share your information with any third party. Discovery stand now? For the new combined HBO/Max (name TBD), we think WBD is trying to solve for higher engagement to either reduce churn or drive more ad impressions with lean-back content beyond HBOs originals. 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 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, Inc. Series A Common Stock (WBD) at Nasdaq.com. WebWarner Bros. https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. Discovery expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the Companys expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The Zacks Rank has been called the Billion Dollar Secret. 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. Dani Cook has no position in any of the stocks mentioned. 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.. Warner Bros. Discovery Board of Directors. The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. 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. Compare Top Brokerages Here. But some also turned their attention to questions about the future. Discovery Regional Sports Networks May File For Chapter 7 Bankruptcy, Warner Bros. Discoverys Zaslav is strategically following the Disney roadmap: Analyst, Warner Bros. At Warner Bros. (Computershare) serves as the transfer agent and registrar for WBD common stock. Who are Warner Bros. At Warner Bros. Toll free phone within the U.S. and Canada: +1 877-453-1510, Direct dial outside the U.S. and Canada: +1 781-575-4236. Prior to Discoverys 2022 merger with Warner Bros., WarnerMedia, then owned by AT&T, agreed to pay nearly $1.7 million for exclusive streaming rights for each A focus on strong free cash flow, debt reduction and minimizing streaming losses had some Wall Street experts raising price targets. The official website for the company is corporate.discovery.com. Discovery make? Statement Concerning Forward-Looking Statements. Since then, WBD shares have increased by 60.9% and is now trading at $15.25. Warner Bros. Jack in the Box Pops On Tasty Results, Robust Outlook, Wendys Price Firms After Sizzling Quarter And Juicy Outlook, Terran Orbitals New $2.4 Billion Contract is a Game Changer, From Betty Crocker to Blue Buffalo, General Mills Looks Strong, Cracker Barrel Stock: Range Bound, but High Yield For 2023, This Small Company Is Set To Drive Future Of Lithium Batteries, What Are Blue Chip Stocks? Its shares fell in after-hours trading. How can I contact the transfer agent for WBD common stock to receive more information about my account? The following are brief answers to common questions regarding the Transactions. Discovery has a P/B Ratio of 0.76. Discovery shares are the better buy right now, and a bargain at their current price. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. 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. All other marks contained herein are the property of their respective owners. Year-over-year quarterly sales growth most recently was 211.8%. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Fixer Upper: Welcome Home - Magnolia Network. Warner Bros. In Q4 2022, Warner Bros. 1125 N. Charles St, Baltimore, MD 21201. Discovery's (WBD) Q4 Earnings, Ad Sales Drop Y/Y, Warner Bros. 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. Discovery listed on? Heres What to Know. Discovery's (WBD -3.62%) stocks plunged 50% and 62%, respectively, amid macroeconomic headwinds and remain down between 39% to 44% year over year. The company employs 11,000 workers across the globe. Discovery, Inc. All trademarks are the property of their respective owners. Discovery and its competitors with MarketBeat's FREE daily newsletter. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. Warner Bros. AT&T expects to close the transaction in April,second quarter dividend on common stock, payable in May,has been set according to previously announced updated dividend policy. Their WBD share price forecasts range from $11.00 to $40.00. Turning the Corner? asked the MoffettNathanson team led by Robert Fishman and Michael Nathanson in a Friday report. Discovery is held by insiders. Discovery, Inc. (WBD) NasdaqGS - NasdaqGS Real Time Price. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free transaction. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. Discovery (WBD) Stock Is Coming. The company can offer a broader array of programming options within the product and still intends to offer Discovery+, Goss said. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. How High Can the Supreme Court Take SOFI Stock. Discovery, Inc.'s Q1 2024 Earnings (NASDAQ:WBD), RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. 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. How do I buy shares of Warner Bros. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. Receive WBD Stock News and Ratings via Email. 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%). 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Alerts, please enter your email address to risks and uncertainties, a. Following are brief answers to common questions regarding the Transactions copyright 2023 Zacks Investment Research | 10 Riverside!