How to Buy Warner Bros Discovery Stock
Warner Bros Discovery Inc
Warner Bros. Discovery, Inc. , a media company, provides content across various distribution platforms in approximately 50 languages worldwide.
Warner Bros Discovery stock last closed at $8.31, up 0.97% from the previous day, and has decreased 41.77% in one year. It has underperformed other stocks in the Entertainment industry by 0.52 percentage points. Warner Bros Discovery stock is currently +3.62% from its 52-week low of $8.02, and -43.7% from its 52-week high of $14.76.
There are currently 2.44B WBD shares outstanding. The market cap of WBD is $20.27B. In the last 24 hours, 21.31M WBD shares were traded.
How to Buy Warner Bros Discovery Stock
Not sure how to invest in Warner Bros Discovery stock? Here's how.
- Decide where to buy Warner Bros Discovery stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Warner Bros Discovery stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your method of payment and add your information.
- Analyze Warner Bros Discovery stock: The Warner Bros Discovery ticker symbol is WBD. Is Warner Bros Discovery stock a good investment? Should you buy shares of WBD? How do WBD's underlying business fundamentals look? Do top analysts think Warner Bros Discovery is a good buy? Why has WBD's stock price moved recently? (Hint: Our stock research website can help you figure out if WBD is a good stock to buy).
- Make your WBD buy order: Decide if you will purchase WBD shares at the current market price or use a limit order to purchase WBD stock at a specific price.
- Keep an eye on your investment in WBD: Create a watchlist to important notifications about your position in Warner Bros Discovery stock.
Step 1: Decide where to buy Warner Bros Discovery stock
You need an online brokerage account in order to access the NASDAQ market and buy WBD stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal details so you can buy WBD stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start a new trading account.
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Step 3: Put funds into your brokerage account
Now that you have finished signing up on one of the best stock market apps, you need to deposit funds:
Watch this video walkthrough to see the process of depositing money into your new brokerage account.
Step 4: Analyze Warner Bros Discovery stock
Once you have chosen the best place to buy Warner Bros Discovery stock, it's absolutely critical to evaluate their stock before you invest, so you truly wrap your head around the risk as well as the opportunity.
Warner Bros Discovery Metrics
WBD Overview
WallStreetZen was created to help part-time investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on WBD's stock page.
Is WBD stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge WBD's true value.
Using relative valuations ratios:
- WBD may be undervalued based on its P/B ratio of 0.45x, relative to Entertainment industry P/B ratio of 2.73x
You can do more valuation research on WBD's stock here.
WBD Financial Overview
Pros:
- WBD profit margin has gone up from -21.8% to -7.6% in the past year.
- Total WBD debt is lower than 5 years ago, relative to shareholder equity.
Cons:
- WBD has a relatively high debt to equity ratio of 1.69.
- WBD's operating cash flow of $7.48B allows it to safely service it's debt of $43.67B.
- There are more long-term liabilities than short-term assets on the WBD balance sheet.
- There are more short-term liabilities than short-term assets on the WBD balance sheet.
- WBD earnings of -$1.69B is not sufficient to cover its interest payments.
Do Wall Street analysts think it's a good time to buy WBD stock
Out of 12 Wall Street analysts who monitor WBD, the consensus analyst rating on Warner Bros Discovery is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent WBD Analyst Recommendations
Benjamin Swinburne, a top 4% analyst from Morgan Stanley maintains WBD with a hold rating and lowers their WBD price target from $14.00 to $10.00, on Feb 26, 2024.
Philip Cusick, a bottom 12% analyst from JP Morgan maintains WBD with a hold rating and lowers their WBD price target from $13.00 to $10.00, on Feb 26, 2024.
JP Morgan's Philip Cusick lowered their price target on Warner Bros Discovery (NASDAQ: WBD) by 23.1% from $13 to $10 on 2024/02/26. The analyst maintained their Hold rating on the stock.
Cusick's price target hike was in response to Warner Bros Discovery's Q4 and FY 2023 earnings report released on 2024/02/23.
In spite of management's lack of specific FY 2024 EBITDA and free cash flow guidance during the call, commentators did note that they anticipate "2024 to be another strong free cash flow year with continued de-levering," the analyst told readers.
While JP Morgan remains "pleased" with the company's improving cost structure, it is keeping a cautious eye on Warner Bros Discovery "because of its leverage, delayed advertising recovery, greater direct-to-consumer costs in 2024, and difficult linear environment," Cusick said.
Earnings Report
Warner Bros. Discovery reported:
For Q4 2023:
- Loss per share of $0.16, which missed the Zacks Consensus Estimate of $(0.11) but beat Q4 2022’s $(0.86) by 81.4%.
- Revenue of $10.28B, which was in line with the Zacks Consensus Estimate but missed Q4 2022’s $11.01B by 6.6%.
For FY 2023:
- Loss per share of $1.28, which beat FY 2022’s $(3.82) by 66.5%.
- Revenue of $41.32B, which beat FY 2022’s $33.82B by 22.2%.
Management guided:
- “We continue to be on track to achieve our guidance of $1B in EBITDA in 2025.”
President & CEO David Zaslav commented: “We are significantly closer to our longer-term leverage targets with more than $12B of debt paid down in less than two years.
“Certainly, having a more flexible financial profile doesn't insulate us, or anyone else for that matter, from having creative wins and losses, but it most certainly will help us take the necessary steps required to further achieve our growth objectives and to more intently focus on driving shareholder value.”
Steven Cahall, a top 10% analyst from Wells Fargo downgrades WBD to a hold rating and lowers their WBD price target from $16.00 to $12.00, on Jan 29, 2024.
Tim Nollen, a bottom 6% analyst from Macquarie maintains WBD with a buy rating and lowers their WBD price target from $16.00 to $14.00, on Jan 22, 2024.
Hamilton Faber, a top 29% analyst from Redburn Atlantic downgrades WBD to a hold rating and announces their WBD price target of $11.00, on Jan 11, 2024.
You can dig deeper into what analysts are forecasting on the Warner Bros Discovery stock forecast page.
WBD Momentum
Is WBD Making Money?
Last year, WBD revenue was $41.32B. During the last five year, WBD's revenue has increased by 31.39% per year. This was faster than the Entertainment industry average of 15.12%.
Learn more about WBD's earnings and revenue performance here.
Are WBD insiders buying or selling the stock?
Over the past year, insiders at WBD have sold more shares than they have bought.
Adria Alpertromm, Chief People Culture Officer of WBD, was the latest WBD insider to sell. They sold $180,613.16 worth of WBD shares on Mar 6, 2024.
Learn more about who owns WBD shares here.
Can I get consistent income from WBD stock?
No, Warner Bros Discovery doesn't provide an income stream by paying out dividends.
What others are saying about WBD
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your WBD buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you need more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your investment in WBD
Now that you own some WBD stock, you'll want to stay up-to-date on your new investment.
Put WBD on a watchlist to keep tabs on your WBD stock.
WBD Feed
How to Buy Stock in Warner Bros Discovery
To summarize, here are the 6 steps for buying Warner Bros Discovery stock:
- Decide where to buy Warner Bros Discovery stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Analyze Warner Bros Discovery stock
- Make your WBD buy order
- Keep an eye on your investment in WBD
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Warner Bros Discovery, click the button below.
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