Discovery Communications (DISCA) Stock Drops After Earnings Miss and Lower Full Year Guidance Discovery Communications (DISCA) shares are down after the company lowered its full year revenue expectations below analysts' guidance. Tony Owusu Nov 4, 2014 11:47 AM EST
Full Answer
What happened to disca stock on March 26?
The trading volumes in DISCA stock on March 26 were almost 10x of its average trading volumes. So far in 2021, we’ve seen a lot of short squeezes where bears had to cover their positions amid the rally in stock prices. In Discovery’s case, it’s the opposite.
Is discovery (disca) outperforming other media stocks this year?
Discovery (DISCA) stock fell on March 26 amid a sell-off in media companies. However, the stock is up over 39 percent YTD and is outperforming the S&P 500.
How do you buy shares of disca stock?
Shares of DISCA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
Did Bank of America upgrade disca stock to $45?
Today began with the news that an analyst from Bank of America Securities had taken a highly bullish stance on DISCA stock. According to a report, Jessica Relf Ehrlich upgraded her rating of the stock from a “neutral” to a “buy. ” She also increased her price target to $45 from $34.
What is happening with Discovery?
What happens if you own Discovery Communications? Discovery Communications will represent the remaining 29% of the new Warner Bros. Discovery company. Discovery Communications and its three share classes will no longer exist as the company, unlike AT&T, will fully be merged into Warner Bros.
Is Disca buy or sell?
Discovery has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
What happens to Discovery stock after merger?
Discovery shareholders will own 29% of the new company. The estimated value of the combined company is $130 billion. The merger has also facilitated a financial windfall to Discovery Inc. CEO David Zaslav, who saw his executive compensation package increased more than sixfold to $246 million from $37.7 million in 2020.
Is Discovery stock a buy?
That's a market cap of just $12.5 billion on 2021 revenue of $12.2 billion for the former Discovery Inc....Warner Brothers Discovery Stock Is a Speculative Buy At Best.TickerCompanyCurrent PriceWBDDiscovery$23.94Apr 19, 2022
Is Disca a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
What is the difference between Disca and Discb?
DISCB shares have different voting rights to the more regular DISCA shares with DISCB carrying ten votes per share as opposed to the DISCA shares carrying one vote.
Is Discovery taking over CNN?
Discovery takes control of HBO, CNN, and Warner Bros., creating new media giant. (CNN) -- Discovery's merger with WarnerMedia took effect on Friday afternoon, creating a streaming media giant led by CEO David Zaslav. The deal combines two treasure troves of content and foreshadows further changes in the streaming era.
Will Discovery have a dividend?
In its 2022 10-K report released in February, Discovery said: “We have not paid any cash dividends on our Series A common stock, Series B common stock or Series C common stock, and we have no present intention to do so.”
Why is AT&T spinning off WarnerMedia?
Telecom giant AT&T chose to spin off, rather than split off, WarnerMedia in a key step of the entertainment unit's merger with Discovery to avoid having to “really discount” the merged Warner Bros. Discovery's stock, AT&T CFO Pascal Desroches told investors Monday.
Will DISCA GO up?
Analyst Price Target on DISCA Based on 7 Wall Street analysts offering 12 month price targets for Discovery Inc in the last 3 months. The average price target is $45.00 with a high forecast of $52.00 and a low forecast of $35.00. The average price target represents a 84.20% change from the last price of $24.43.
What is Discovery stock selling for?
Discovery Inc. Series A Stock Quote (U.S.: Nasdaq) | MarketWatch....$ 14.28.CloseChgChg %$14.220.574.18%
How much debt does Warner Brothers Discovery have?
Sentiment on WBD depends in part on how quickly Wall Streeters think it can reduce its circa $55 billion debt load.
Should I buy or sell Warner Bros. Discovery stock right now?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Discovery in the last twelve months. There are currently 3 h...
What is Warner Bros. Discovery's stock price forecast for 2022?
10 Wall Street research analysts have issued 1-year target prices for Warner Bros. Discovery's stock. Their forecasts range from $27.00 to $52.00....
How were Warner Bros. Discovery's earnings last quarter?
Warner Bros. Discovery, Inc. (NASDAQ:DISCA) announced its quarterly earnings results on Wednesday, November, 3rd. The company reported $0.24 earnin...
Who are Warner Bros. Discovery's key executives?
Warner Bros. Discovery's management team includes the following people: Mr. David M. Zaslav , Pres, CEO & Director (Age 62, Pay $30.52M) Dr. Gun...
What is David M. Zaslav's approval rating as Warner Bros. Discovery's CEO?
498 employees have rated Warner Bros. Discovery CEO David M. Zaslav on Glassdoor.com . David M. Zaslav has an approval rating of 76% among Warner...
Who are some of Warner Bros. Discovery's key competitors?
Some companies that are related to Warner Bros. Discovery include Formula One Group (FWONA) , Nexstar Media Group (NXST) , Sinclair Broadcast Gr...
What is Warner Bros. Discovery's stock symbol?
Warner Bros. Discovery trades on the NASDAQ under the ticker symbol "DISCA."
Who are Warner Bros. Discovery's major shareholders?
Warner Bros. Discovery's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group I...
Which major investors are selling Warner Bros. Discovery stock?
DISCA stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Bank of America Corp DE,...
About Discovery
Discovery, Inc. is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks and International Networks. The U.S.
Headlines
Discovery (DISCA) to Report Q4 Earnings: What's in Store? - Yahoo Finance
Discovery (NASDAQ:DISCA) Frequently Asked Questions
13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discovery in the last twelve months. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Discovery stock. View analyst ratings for Discovery or view top-rated stocks.
Why It Matters
None of what we’re seeing this morning is surprising. A positive report from a respected analyst is usually enough to send a stock into the green, but the fact that it was primarily driven by an important merger should be exactly what Discovery needs to propel growth.
What It Means
As of now, all signs point to the positive report being correct in its assertions that DISCA stock is destined for growth in 2022. Discovery clearly has its eye on significant expansions for the coming years and acquiring a company as dynamic as WarnerMedia will only serve to boost its already vast viewership and subscriber base.
DISCA versus DISCK stock
The Series C stock doesn't have any voting rights and trades under the ticker symbol “DISCK.” Meanwhile, most of the trading in Discovery stocks happens under the ticker symbol DISCA and DISCK, while the Class B shares are very thinly traded.
Why Discovery stock dropped
Discovery stock fell 45 percent last week, while ViacomCBS shed over half of its value. There were reports of large block trades in both of these stocks, which led to a fall in their stock prices. Archegos Capital Management is said to be behind the trades. The fund had to deleverage its positions.
Discovery stock forecast in 2021
So far in 2021, we’ve seen a lot of short squeezes where bears had to cover their positions amid the rally in stock prices. In Discovery’s case, it’s the opposite. Forced selling from a fund led to a sharp fall in stock prices.
Discovery stock short interest
Discovery stock’s short interest was around 7 percent, according to the most recent filing. The short interest has come down since the January highs. Many short-sellers had been wary of making bearish bets considering the epic short squeezes in stocks like GameStop.
Discovery stock on WallStreetBets
A post on Reddit group WallStreetBets, which was upvoted over 7,500 times, saw the dip in stocks like Discovery as a buying opportunity. There's a fundamental buy story behind Discovery stock. First, there's a notable shift from growth to value stocks. Second, Discovery’s core business has been doing well and generating healthy cash flows.
Is Discovery a good stock to buy?
DISCA stock trades at an NTM PE multiple of 14.6x. While the multiple is higher than what it has historically traded at, the premium looks justified given the company’s pivot towards streaming. Even Disney saw a valuation rerating amid its focus on streaming.
What happened
Shares of Discovery Communications ( NASDAQ:DISC.A) ( NASDAQ:DISC.B) ( NASDAQ:DISCK) lost 10.6% in value last month, according to data provided by S&P Global Market Intelligence.
So what
Investors seem to be struggling to understand how Discovery will survive as the streaming wars heat up. This is evident when comparing Discovery's stock trading pattern last month with Netflix, which looks nearly symmetrical.
Now what
Discovery owns a lot of popular content, including the namesake Discovery channel, HGTV, Food Network, TLC, Travel Channel, and Animal Planet. While these are all dependent on cable, Discovery revenue still increased 9% (excluding currency effects) year over year through the first three quarters of 2019.
What’s Happening with Disca Stock
- Today began with the news that an analyst from Bank of America Securities had taken a highly bullish stanceon DISCA stock. According to a report, Jessica Relf Ehrlich upgraded her rating of the stock from a “neutral” to a “buy.” She also increased her price target to $45 from $34. She classified the stock’s risk/reward ratio as “highly favorable,” ...
Why It Matters
- None of what we’re seeing this morning is surprising. A positive report from a respected analyst is usually enough to send a stock into the green, but the fact that it was primarily driven by an important merger should be exactly what Discovery needs to propel growth. This type of deal, worth $43 billion, has all the markings of a catalyst that will be regarded as one of the most imp…
What It Means
- As of now, all signs point to the positive report being correct in its assertions that DISCA stock is destined for growth in 2022. Discovery clearly has its eye on significant expansions for the coming years and acquiring a company as dynamic as WarnerMedia will only serve to boost its already vast viewership and subscriber base. Unless something interferes with the merger, inves…
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