Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming. The Network segment comprises domestic and international television networks. The DTC segment offers premium pay-tv and streaming services. In addition, the company offers portfolio of content, brands, and franchises across television, film, streaming, and gaming under the Warner Bros. Motion Picture Group, Warner Bros. Television Group, DC, HBO, HBO Max, Max, Discovery Channel, discovery+, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings brands. Further, it provides content through distribution platforms, including linear network, free-to-air, and broadcast television; authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer subscription products. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.

Warner Bros. Discovery, Inc. - Series A

Below is Validea's guru fundamental report for WARNER BROS DISCOVERY INC (WBD). Of the 22 guru strategies we follow, WBD rates highest using our Contrarian Investor model based on the published strategy of David Dreman. This contrarian strategy finds the most unpopular mid- and large-cap stocks in the market and looks for improving fundamentals.
WARNER BROS DISCOVERY INC (WBD) is a large-cap growth stock in the Motion Pictures industry. The rating using this strategy is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of WARNER BROS DISCOVERY INC
More Information on David Dreman
About David Dreman: Dreman's Kemper-Dreman High Return Fund was one of the best-performing mutual funds ever, ranking as the best of 255 funds in its peer groups from 1988 to 1998, according to Lipper Analytical Services. At the time Dreman published Contrarian Investment Strategies: The Next Generation, the fund had been ranked number one in more time periods than any of the 3,175 funds in Lipper's database. In addition to managing money, Dreman is also a longtime Forbes magazine columnist.
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea Detailed Fundamental Analysis - WBD

Investors in Warner Bros Discovery Inc (Symbol: WBD) saw new options begin trading today, for the October 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the WBD options chain for the new October 3rd contracts and identified one put and one call contract of particular interest.
The put contract at the $11.00 strike price has a current bid of 12 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $11.00, but will also collect the premium, putting the cost basis of the shares at $10.88 (before broker commissions). To an investor already interested in purchasing shares of WBD, that could represent an attractive alternative to paying $11.41/share today.
Because the $11.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.09% return on the cash commitment, or 9.26% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Warner Bros Discovery Inc, and highlighting in green where the $11.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $11.50 strike price has a current bid of 26 cents. If an investor was to purchase shares of WBD stock at the current price level of $11.41/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $11.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.07% if the stock gets called away at the October 3rd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if WBD shares really soar, which is why looking at the trailing twelve month trading history for Warner Bros Discovery Inc, as well as studying the business fundamentals becomes important. Below is a chart showing WBD's trailing twelve month trading history, with the $11.50 strike highlighted in red:
Considering the fact that the $11.50 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.28% boost of extra return to the investor, or 19.34% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 85%, while the implied volatility in the call contract example is 78%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $11.41) to be 56%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Interesting WBD Put And Call Options For October 3rd

Below is Validea's guru fundamental report for WARNER BROS DISCOVERY INC (WBD). Of the 22 guru strategies we follow, WBD rates highest using our Contrarian Investor model based on the published strategy of David Dreman. This contrarian strategy finds the most unpopular mid- and large-cap stocks in the market and looks for improving fundamentals.
WARNER BROS DISCOVERY INC (WBD) is a large-cap growth stock in the Motion Pictures industry. The rating using this strategy is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of WARNER BROS DISCOVERY INC
More Information on David Dreman
About David Dreman: Dreman's Kemper-Dreman High Return Fund was one of the best-performing mutual funds ever, ranking as the best of 255 funds in its peer groups from 1988 to 1998, according to Lipper Analytical Services. At the time Dreman published Contrarian Investment Strategies: The Next Generation, the fund had been ranked number one in more time periods than any of the 3,175 funds in Lipper's database. In addition to managing money, Dreman is also a longtime Forbes magazine columnist.
Additional Research Links
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

WBD Factor-Based Stock Analysis

Below is Validea's guru fundamental report for WARNER BROS DISCOVERY INC (WBD). Of the 22 guru strategies we follow, WBD rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consistent intermediate-term relative performance.
WARNER BROS DISCOVERY INC (WBD) is a large-cap growth stock in the Motion Pictures industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of WARNER BROS DISCOVERY INC
More Information on Wesley Gray
About Wesley Gray: Wesley Gray is the founder of Alpha Architect and the author (along with co-author Jack Vogel) of "Quantitative Momentum A Practitioner's Guide to Building a Momentum-Based Stock Selection System". He is also the author (along with co-author Tobias Carlisle) of "Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors". He is an industry recognized expert in the application of quantitative investing strategies. Wes is also a former Marine and has his Phd from the Univerisity of Chicago, where he studied under Nobel Prize winner Eugene Fama.
Additional Research Links
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Oakmark US Large Cap ETF (Symbol: OAKM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $29.23 per unit.
With OAKM trading at a recent price near $26.08 per unit, that means that analysts see 12.08% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of OAKM's underlying holdings with notable upside to their analyst target prices are EOG Resources, Inc. (Symbol: EOG), Bank of America Corp (Symbol: BAC), and Warner Bros Discovery Inc (Symbol: WBD). Although EOG has traded at a recent price of $119.47/share, the average analyst target is 16.50% higher at $139.18/share. Similarly, BAC has 12.97% upside from the recent share price of $47.23 if the average analyst target price of $53.36/share is reached, and analysts on average are expecting WBD to reach a target price of $13.53/share, which is 12.36% above the recent price of $12.04. Below is a twelve month price history chart comparing the stock performance of EOG, BAC, and WBD:
Combined, EOG, BAC, and WBD represent 8.03% of the Oakmark US Large Cap ETF. Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
EOG Resources, Inc.
EOG
$119.47
$139.18
16.50%
Bank of America Corp
BAC
$47.23
$53.36
12.97%
Warner Bros Discovery Inc
WBD
$12.04
$13.53
12.36%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Analysts Predict 12% Upside For OAKM

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Tuesday, Warner Bros Discovery's Director, Anton J. Levy, made a $3.55M purchase of WBD, buying 325,000 shares at a cost of $10.92 a piece. Levy was up about 9.6% on the buy at the high point of today's trading session, with WBD trading as high as $11.97 at last check today. Warner Bros Discovery is trading up about 6.6% on the day Wednesday. This purchase marks the first one filed by Levy in the past year.
And at Heron Therapeutics, there was insider buying on Friday, by Director Adam Morgan who purchased 1,766,546 shares at a cost of $1.50 each, for a trade totaling $2.65M. This buy marks the first one filed by Morgan in the past year. Heron Therapeutics is trading up about 5.7% on the day Wednesday. Investors have the opportunity to grab HRTX at a price even lower than Morgan did, with the stock trading as low as $1.37 in trading on Wednesday -- that's 8.7% below Morgan's purchase price.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wednesday 8/13 Insider Buying Report: WBD, HRTX

In the latest trading session, Warner Bros. Discovery (WBD) closed at $13.70, marking a +1.56% move from the previous day. This move outpaced the S&P 500's daily gain of 0.02%. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq increased by 0.33%.
Shares of the operator of cable TV channels such as TLC and Animal Planet have appreciated by 19.38% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 2.32%, and the S&P 500's gain of 4.93%.
Investors will be eagerly watching for the performance of Warner Bros. Discovery in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 7, 2025. The company is expected to report EPS of -$0.15, up 96.31% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.78 billion, up 0.69% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.04 per share and revenue of $37.84 billion. These totals would mark changes of +99.13% and -3.78%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Warner Bros Discovery. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 47.12% lower. Warner Bros. Discovery presently features a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 154, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Should You Invest in Warner Bros. Discovery, Inc. (WBD)?
Before you invest in Warner Bros. Discovery, Inc. (WBD), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Warner Bros. Discovery (WBD) Laps the Stock Market: Here's Why

In the latest close session, Warner Bros. Discovery (WBD) was up +1.43% at $13.50. The stock exceeded the S&P 500, which registered a gain of 0.07% for the day. At the same time, the Dow lost 0.7%, and the tech-heavy Nasdaq gained 0.18%.
Shares of the operator of cable TV channels such as TLC and Animal Planet witnessed a gain of 22.45% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 4.6%, and the S&P 500's gain of 5.71%.
The investment community will be paying close attention to the earnings performance of Warner Bros. Discovery in its upcoming release. The company is slated to reveal its earnings on August 7, 2025. The company's upcoming EPS is projected at -$0.15, signifying a 96.31% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.78 billion, up 0.69% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.04 per share and revenue of $37.84 billion. These totals would mark changes of +99.13% and -3.78%, respectively, from last year.
Any recent changes to analyst estimates for Warner Bros. Discovery should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 47.12% lower within the past month. Warner Bros. Discovery presently features a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	0.00 15.04
Price/Sales	0.56 0.99
P/B	0.64 1.44
P/FCF	3.32 11.54

Indicator	TTM Median
ROE	-27.28 13.09
ROA	-9.92 4.76
ROI	-14.08 6.69
Net Worth	22.60 0.77
Quick Ratio	0.00 0.94
Current Ratio	0.76 1.25

Indicator	TTM Median
Net Profit Margin	-29.47 9.66
Operating Margin	-26.44 14.22
Gross Margin	41.24 54.08
Return on tangible equity	43.71 25.55

Indicator	TTM Median
EPS	0.05 0.25
EPS Forecast	0.07 0.22
Revenue	9.71B 89.00M
Gross Profit	3.51B —
EBITDA	-4.54B —

Warner Bros. Discovery, Inc. - Series A

Fundamental WBD

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