Discovery Stock Forecast, Price & News

Discovery's stock was trading at $24.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DISCA shares have increased by 52.8% and is now trading at $36.76.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Discovery in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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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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) announced its quarterly earnings results on Thursday, November, 5th. The company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.13. The company earned $2.56 billion during the quarter, compared to analysts' expectations of $2.50 billion. Discovery had a net margin of 13.36% and a return on equity of 20.76%. The business's revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share.
View Discovery's earnings history.

18 equities research analysts 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 stock price to reach $30.00 in the next year. This suggests that the stock has a possible downside of 18.4%.
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Discovery saw a increase in short interest during the month of 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 currently 10.0 days. Currently, 34.1% of the shares of the stock are sold short.
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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).
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Discovery trades on the NASDAQ under the ticker symbol "DISCA."

Discovery's stock is owned by many different retail and institutional investors. Top institutional investors include Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.04%), HGK Asset Management Inc. (0.03%), M&R Capital Management Inc. (0.03%), RNC Capital Management LLC (0.01%), Signature Estate & Investment Advisors LLC (0.01%) and Arden Trust Co (0.01%). 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., First Hawaiian Bank, M&R Capital Management Inc., Crossmark Global Holdings Inc., RNC Capital Management LLC, and Arden Trust Co. 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 acquired by a variety of institutional investors in the last quarter, including Contravisory Investment Management Inc., Donald L. Hagan LLC, Louisiana State Employees Retirement System, Sowell Financial Services LLC, Huntington National Bank, and Carroll Financial Associates Inc.. 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 $36.76.

Discovery has a market capitalization of $18.05 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]