Insider buying last 90 days
No open-market insider purchases were filed for WBD in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every WBD insider filing, plotted on the chart in Gekko.Open WBD in Gekko
NASDAQ: WBD
Warner Bros. Discovery (WBD) Stock Analysis & Forecast
$27.80−0.44 (−1.6%)
Close on Sep 18, 2026. Page updated Sep 19, 9:17 pm ET.
Gekko Brief
AI summaryWBD closes at $27.80, down 1.6%, sitting between its 50-day average of $27.37 and 200-day average of $27.50. The GekkoIndex reads 57.3, placing the stock in the Neutral zone. Price stands 34.2% below Gekko Fair Value of $42.27, a gap that bears watching. Over the past year the stock has returned 54.5%, though the one-month return is -2.6% and the three-month return is 6.1%.
This week's news centers on the Paramount Skydance-Warner Bros. Discovery merger, valued at $110 billion. The FCC approved foreign investment tied to the deal, with Paramount disclosing total foreign ownership of the combined company at 49.5%, including 38.5% from investment funds from Saudi Arabia, Qatar and Abu Dhabi. The Justice Department has urged a federal court to require states opposing the deal to post a bond covering delay costs, while California Attorney General Rob Bonta has voiced opposition, and actor Mark Ruffalo has organized public pressure against the transaction. Separately, Netflix was upgraded to a buy by one firm, framed around competitive dynamics amid WBD's debt-laden acquisition process.
WBD's next earnings date falls on 5 November 2026, 46 days away, beyond a typical 20-trading-day hold. Across the last eight quarters WBD has beaten estimates three times, with the last report showing an actual EPS of -1.17 against an estimate of -0.07 and a -0.4% reaction. Seasonality over five years shows the next 20 trading days averaging -5.7%, with 0 years positive. Nine analyst firms currently rate the stock hold, with a consensus target of $29.75.
Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.
Price vs fair value
Close $27.80200-day averageGekko Fair Value $42.27
Key stats
- Market cap
- $69.70B
- P/E ratio
- —
- Forward P/E
- 344.8
- EPS, TTM
- −$1.28
- Revenue, TTM
- $36.12B
- Profit margin
- -8.8%
- Dividend yield
- —
- Beta
- 1.57
- Volume
- 40.74M avg 18.49M
- 1-year return
- +54.5%
- Typical daily move
- ±1.2%
- Typical 20-day move
- ±8%
- 50-day average
- $27.37
- 200-day average
- $27.50
- Next earnings
- Nov 5
- Shares outstanding
- 2.51B
Warner Bros. Discovery swing-trade checklist
Warner Bros. Discovery scores 2 supportive, 2 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
2 supportive2 mixed1 headwind
- Trendmixed
Averages disagree
Close $27.80 sits between the 50-day ($27.37) and 200-day ($27.50) averages, or the averages disagree.
See the chart - GekkoIndexmixed
57.3, Neutral
Reading 57.3 is in the Neutral zone.
See the GekkoIndex - Fair valuesupportive
34.2% below
Price is 34.2% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings risksupportive
Reports in 46 days
Next report Nov 5, 2026, 46 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalityheadwind
−5.7% on average
From this point in the calendar, the next 20 trading days averaged −5.7% over 5 years, rising in 0 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Warner Bros. Discovery stock chart and price history
Warner Bros. Discovery closed at $27.80 on Sep 18, 2026, +54.5% over the past year, inside a 52-week range of $17.08 to $30.00.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −2.6%
- 3 months
- +6.1%
- 6 months
- +0.6%
- 1 year
- +54.5%
The full WBD chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open WBD in Gekko
Follow Warner Bros. Discovery through every session
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About Warner Bros. Discovery
Warner Bros. Discovery makes and distributes films, television programming, and streaming content for audiences worldwide. It produces theatrical releases, licenses shows to networks and outside partners, and runs subscription streaming services alongside home entertainment, themed attraction licensing, and game development. The company holds rights to a wide range of well-known franchises and brands, including Batman, Superman, Wonder Woman, Harry Potter, Game of Thrones, and The Lord of the Rings, along with networks such as HBO, CNN, Discovery Channel, HGTV, and TNT Sports.
The business is organized into three areas: a studio arm that creates and licenses film and television content, a network arm that runs a group of domestic and international television channels, and a direct-to-consumer arm that offers subscription streaming and premium television service. Content reaches viewers through traditional broadcast and free-to-air television, digital apps, distribution partnerships, licensing deals, and its own streaming platforms.
Warner Bros. Discovery was founded in 2008 and is headquartered in New York City. Its shares are listed on the NASDAQ under the ticker WBD.
- Listed
- NASDAQ
- Sector
- Consumer services
- Industry
- Cable/Satellite TV
- Website
- wbd.com
Warner Bros. Discovery GekkoIndex: the smart money zone
Warner Bros. Discovery’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 57.3, in the Neutral zone, up 1.9 points over five sessions.
57.3Neutral
Up 1.9 points over five sessions.
Reading for Sep 18, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 17 | +2.9% | +6.9% | ||
| Accumulation | 221 | +1.6% | +4.1% | ||
| Neutral (current zone) | 368 | +0.5% | +4.7% | ||
| Distribution | 52 | +1.2% | +1.0% | ||
| Selling | 4 | Too few readings yet | |||
Average WBD share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.
Neutral zone: No clear directional signal. About the five zones →
See every daily GekkoIndex reading plotted over the WBD price, zone by zone.Track WBD in Gekko
Is Warner Bros. Discovery stock overvalued? Gekko Fair Value
Warner Bros. Discovery trades 34.2% below Gekko Fair Value of $42.27, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Warner Bros. Discovery shares are worth, recalculated every trading day.
$42.27
Gekko Fair Value, Sep 19, 2026
34.2% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open WBD in Gekko
Warner Bros. Discovery insider and Congress trading
No open-market insider purchases were filed for Warner Bros. Discovery, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in WBD were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for WBD, plotted on the chart in Gekko.Open WBD in Gekko
Buybacks
Warner Bros. Discovery has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $422.0M
- As a share of market cap
- 0.61%
From company filings.
Hedge funds and billionaires quarter ended Jun 30
5of the funds Gekko tracks hold WBD.
2added2opened1trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko
Warner Bros. Discovery earnings: next date and track record
Warner Bros. Discovery reports on Nov 5, 2026 (46 days away), and beat the EPS estimate in 3 of its last 8 reports.
Next earnings report
Nov 5, 2026
46 days away
- EPS estimate
- $0.02
- Revenue estimate
- $8.74B
3 of 8reports beat the EPS estimate
±6.1%average move across the report
3 of 8reports followed by a gain
Share-price move across each report
Last earnings call, May 6, 2026 AI summary
- What they said
- WBD reported strong Q1 2026 results, successfully launching HBO Max in the U.K., Germany, Italy, and Ireland, exceeding their 140 million subscriber guidance. The company highlighted accelerating streaming momentum with healthy subscriber-related revenue growth. Management emphasized continued execution across strategic pillars, with content investments driving both subscriber acquisition and engagement.
- Guidance
- WBD raised streaming outlook, targeting over 150 million global subscribers by year-end, up from prior 140 million guidance. Management expects subscriber-related revenue growth to accelerate meaningfully in Q2 and through the remainder of 2026.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| May 6, 2026 | −$1.17 est −$0.07 | $8.89B est $8.89B | −0.4% |
| Feb 25, 2026 | −$0.10 est $0.02 | $9.46B est $9.35B | −1.2% |
| Nov 6, 2025 | −$0.06 est −$0.07 | $9.05B est $9.18B | −0.4% |
| Aug 7, 2025 | $0.63 est −$0.24 | $9.81B est $9.77B | −14.7% |
| May 8, 2025 | −$0.18 est −$0.13 | $8.98B est $9.59B | +6.0% |
| Feb 27, 2025 | −$0.20 est $0.03 | $10.03B est $10.18B | +9.1% |
| Nov 7, 2024 | $0.05 est −$0.08 | $9.62B est $9.79B | +9.5% |
| Aug 7, 2024 | −$0.36 est −$0.22 | $9.71B est $10.07B | −7.3% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Warner Bros. Discovery stock forecast and analyst price targets
Analysts’ average 12-month price target for Warner Bros. Discovery is $29.75, +7.0% from the last close, from 9 firms rating the stock in the last 90 days.
$29.75consensus 12-month target, +7.0% from the last close
Now $27.80Avg $29.75
Low $26High $31
Each firm’s latest rating in the last 90 days: 9 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 17 | Barclays | $29 | +4.3% |
| Sep 15 | Bernstein | $27.75 | −0.2% |
| Aug 14 | Bernstein | $27.75 | −0.2% |
| Aug 10 | Barrington | — | — |
| Aug 10 | Morgan Stanley | $29 | +4.3% |
+4.7%average 20-day move after past Neutral readings
−5.7%average move over the next 20 trading days in the last 5 years
±1.2%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Warner Bros. Discovery seasonality: the next 20 trading days
Over the next 20 trading days from Sep 19, Warner Bros. Discovery averaged −5.7% across the last 5 years, rising in 0 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | −4.5% | 2 of 5 |
| Next 10 trading days | −5.8% | 0 of 5 |
| Next 15 trading days | −8.0% | 0 of 5 |
| Next 20 trading days | −5.7% | 0 of 5 |
| Next 30 trading days | −2.7% | 1 of 5 |
For scale, WBD’s typical 20-trading-day move in either direction is about 8%.
Warner Bros. Discovery market cap and key statistics
Warner Bros. Discovery’s market cap is $69.70B and revenue of $36.12B over the last twelve months.
Valuation
- Market cap
- $69.70B
- Forward P/E
- 344.8
- EPS, TTM
- −$1.28
- Gekko Fair Value
- $42.27
Trading
- Volume
- 40.74M
- Avg volume, 20 days
- 18.49M
- 52-week high
- $30.00
- 52-week low
- $17.08
- Shares outstanding
- 2.51B
Financials
- Revenue, TTM
- $36.12B
- Profit margin
- -8.8%
- Return on equity
- -8.8%
- Quarterly earnings growth, YoY
- −90.6%
Risk and income
- Beta
- 1.57
- Typical daily move
- ±1.2%
- Typical 20-day move
- ±8%
Warner Bros. Discovery stock news this week
6 headlines about Warner Bros. Discovery from the past week, newest first, each linking to the publisher.
- Mark Ruffalo leads Hollywood revolt against Paramount-Warner merger dealNew York Post, Sep 19
- Warner Bros. Discovery (WBD) Stock Declines While Market Improves: Some Information for InvestorsZacks Investment Research, Sep 18
- California AG Bonta on Paramount-Warner Bros., Meta and AIBloomberg Markets and Finance, Sep 17
- US FCC approves foreign investment in Paramount Warner merger dealReuters, Sep 17
- Paramount-Warner Bros. Discovery Merger Clears FCC Foreign Ownership ReviewDeadline, Sep 17
- US DoJ backs bond demand in Paramount-Warner Bros antitrust fightReuters, Sep 15
Warner Bros. Discovery peers
Warner Bros. Discovery’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| CMCSAComcast | Buying | 40.2% below |
| CHTRCharter Communications | Accumulation | 42.6% below |
| PSKYParamount Skydance | Accumulation | 4.6% above |
| VSNTVersant Media | Buying | 39.6% below |
| AMCXAMC Networks | Accumulation | 30.6% below |
| CABOCable One | Accumulation | 62.0% below |
A peer links to its own page where one exists.
Warner Bros. Discovery stock FAQ
What is Warner Bros. Discovery’s market cap?
Warner Bros. Discovery’s market cap is $69.70B at the Sep 18, 2026 close of $27.80, with 2.51B shares outstanding.
What is the Warner Bros. Discovery stock forecast?
The consensus analyst 12-month price target for Warner Bros. Discovery is $29.75, +7.0% from the last close. Of the 9 firms that rated the stock in the last 90 days, 0 rate it a buy, 9 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Warner Bros. Discovery stock overvalued or undervalued?
On Gekko’s estimate Warner Bros. Discovery is undervalued: the Sep 18, 2026 close of $27.80 is 34.2% below Gekko Fair Value of $42.27. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Warner Bros. Discovery report earnings next?
Warner Bros. Discovery is expected to report on Nov 5, 2026 (46 days away). Analysts expect earnings of $0.02 per share on revenue of $8.74B. Warner Bros. Discovery beat the earnings estimate in 3 of its last 8 reports, moving 6.1% on average across the report.
What is Warner Bros. Discovery’s 52-week high and low?
Warner Bros. Discovery’s 52-week high is $30.00 and its 52-week low is $17.08; it closed at $27.80 on Sep 18, 2026, +54.5% over the past year.
Is Warner Bros. Discovery stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (fair value and earnings risk), 2 as mixed (trend and gekkoindex) and 1 as a headwind (seasonality). The checklist is a description of current data, not a recommendation.
How this page works
Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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