Discovery Stock Forecast, Price & News

Discovery's stock was trading at $24.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, DISCA stock has increased by 55.8% and is now trading at $37.49.
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19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discovery in the last year. There are currently 2 sell ratings, 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Discovery stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DISCA, but not buy additional shares or sell existing shares.
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498 employees have rated Discovery CEO David M. Zaslav on Glassdoor.com. David M. Zaslav has an approval rating of 76% among Discovery's employees.

Discovery is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Discovery.

Discovery, Inc. (NASDAQ:DISCA) posted its earnings results on Thursday, November, 5th. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.13. The firm had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.50 billion. Discovery had a net margin of 13.36% and a trailing twelve-month return on equity of 20.76%. Discovery's revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS.
View Discovery's earnings history.

19 brokers have issued 1 year price objectives for Discovery's shares. Their forecasts range from $20.00 to $45.00. On average, they expect Discovery's share price to reach $30.35 in the next year. This suggests that the stock has a possible downside of 19.0%.
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Discovery saw a increase in short interest in December. As of December 31st, there was short interest totaling 52,990,000 shares, an increase of 17.0% from the December 15th total of 45,300,000 shares. Based on an average daily trading volume, of 5,310,000 shares, the days-to-cover ratio is presently 10.0 days. Currently, 34.1% of the company's shares are sold short.
View Discovery's Short Interest.

Some companies that are related to Discovery include Formula One Group (FWONA), Nexstar Media Group (NXST), Sinclair Broadcast Group (SBGI), Entercom Communications (ETM), Entravision Communications (EVC), Beasley Broadcast Group (BBGI) and Salem Media Group (SALM).
View all of DISCA's competitors.

Discovery trades on the NASDAQ under the ticker symbol "DISCA."

Discovery's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Pendal Group Limited (0.17%), Thompson Investment Management Inc. (0.05%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.04%), Pacer Advisors Inc. (0.04%), HGK Asset Management Inc. (0.03%) and M&R Capital Management Inc. (0.03%). Company insiders that own Discovery stock include Advance Long-Term Management T, Bruce Campbell, Daniel E Sanchez, David Leavy, J David Wargo, Jean-Briac Perrette, John C Malone, Peter Faricy and Savalle Sims.
View institutional ownership trends for Discovery.

DISCA stock was sold by a variety of institutional investors in the last quarter, including Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Douglas Lane & Associates LLC, HGK Asset Management Inc., Pacer Advisors Inc., DNB Asset Management AS, Addenda Capital Inc., First Hawaiian Bank, and M&R Capital Management Inc.. Company insiders that have sold Discovery company stock in the last year include Advance Long-Term Management T, J David Wargo, and John C Malone.
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DISCA stock was purchased by a variety of institutional investors in the last quarter, including Pendal Group Limited, Contravisory Investment Management Inc., Donald L. Hagan LLC, Louisiana State Employees Retirement System, Tuttle Tactical Management, Beese Fulmer Investment Management Inc., Sowell Financial Services LLC, and Huntington National Bank. Company insiders that have bought Discovery stock in the last two years include John C Malone, and Peter Faricy.
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Shares of DISCA can be purchased through any online brokerage account. 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.

One share of DISCA stock can currently be purchased for approximately $37.49.

Discovery has a market capitalization of $18.41 billion and generates $11.14 billion in revenue each year. The company earns $2.07 billion in net income (profit) each year or $3.69 on an earnings per share basis. Discovery employs 9,200 workers across the globe.

The official website for Discovery is corporate.discovery.com.

Discovery's mailing address is 8403 COLESVILLE ROAD, SILVER SPRING MD, 20910. The company can be reached via phone at 240-662-2000 or via email at [email protected]