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 (WHO). Since then, DISCA shares have increased by 69.2% and is now trading at $40.72.
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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) released its quarterly earnings data on Thursday, November, 5th. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.13. The business earned $2.56 billion during the quarter, compared to analyst estimates of $2.50 billion. Discovery had a net margin of 13.36% and a trailing twelve-month return on equity of 20.76%. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 EPS.
View Discovery's earnings history.

19 brokerages have issued 12 month target prices for Discovery's shares. Their forecasts range from $20.00 to $45.00. On average, they expect Discovery's stock price to reach $30.35 in the next twelve months. This suggests that the stock has a possible downside of 25.5%.
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Discovery saw a increase in short interest in 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 trading volume of 5,310,000 shares, the days-to-cover ratio is currently 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%), Strs Ohio (0.16%), Reinhart Partners Inc. (0.12%), Baxter Bros Inc. (0.08%), Timber Creek Capital Management LLC (0.05%) and Thompson Investment Management Inc. (0.05%). 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 Reinhart Partners Inc., Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Douglas Lane & Associates LLC, HGK Asset Management Inc., Pacer Advisors Inc., Janney Montgomery Scott LLC, DNB Asset Management AS, and New York State Teachers Retirement System. 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 Baxter Bros Inc., Strs Ohio, Pendal Group Limited, Timber Creek Capital Management LLC, Contravisory Investment Management Inc., Donald L. Hagan LLC, Louisiana State Employees Retirement System, and Rothschild Investment Corp IL. 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 $40.72.

Discovery has a market capitalization of $19.99 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]