In the last trading session, 26.97 million Warner Bros. Discovery Inc (NASDAQ:WBD) shares changed hands as the company’s beta touched 1.51. With the company’s per share price at $8.38 changed hands at -$0.08 or -0.95% during last session, the market valuation stood at $20.44B. WBD’s last price was a discount, traded about -85.68% off its 52-week high of $15.56. The share price had its 52-week low at $8.02, which suggests the last value was 4.3% up since then. When we look at Warner Bros. Discovery Inc’s average trading volume, we note the 10-day average is 29.91 million shares, with the 3-month average coming to 25.96 million.
Warner Bros. Discovery Inc (NASDAQ:WBD) trade information
Instantly WBD was in red as seen at the end of in last trading. With action -1.41%, the performance over the past five days has been red. The drop to weekly highs of 9.05 subtracted -0.95% to the stock’s daily price. The company’s shares are showing year-to-date downside of -26.36%, with the 5-day performance at -1.41% in the red. However, in the 30-day time frame, Warner Bros. Discovery Inc (NASDAQ:WBD) is -1.99% down. Looking at the short shares, we see there were 94.61 million shares sold at short interest cover period of 3.21 days.
Warner Bros. Discovery Inc (WBD) estimates and forecasts
Data shows that the Warner Bros. Discovery Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -21.39% over the past 6 months, a 73.44% in annual growth rate that is considerably higher than the industry average of 25.30%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Warner Bros. Discovery Inc will rise 50.00%, while the growth in revenue is estimated to hit 58.80% for the next quarter. Year-over-year growth is forecast to reach 0.50% up from the last financial year.
Consensus estimates given by 21 financial analysts project the company’s revenue in the current quarter to hit an average of $10.27 billion. 19 analysts are of the opinion that Warner Bros. Discovery Inc’s revenue for the quarter ending Jun 2024 will be $10.34 billion. The company’s revenue for the corresponding quarters a year ago was $10.7 billion and $10.44 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.00%. The estimates for the next quarter sales put growth at -0.90%.
The 2024 estimates are for Warner Bros. Discovery Inc earnings to increase by 75.17%, but the outlook for the next 5-year period is at 20.00% per year.
WBD Dividends
Warner Bros. Discovery Inc is expected to release its next quarterly earnings report between May 03 and May 07.
Warner Bros. Discovery Inc (NASDAQ:WBD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.78% of Warner Bros. Discovery Inc shares while 62.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.81%. There are 62.98% institutions holding the Warner Bros. Discovery Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 10.18% of the shares, roughly 248.1 million WBD shares worth $3.11 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.39% or 155.77 million shares worth $1.95 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 68.25 million shares estimated at $855.79 million under it, the former controlled 2.80% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.17% of the shares, roughly 52.78 million shares worth around $661.89 million.
