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World Wrestling Entertainment (WWE) Q4 Earnings: What's Up?
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World Wrestling Entertainment, Inc. is scheduled to report fourth-quarter 2016 financial numbers, before the opening bell on Feb 9. In the previous quarter, the company’s earnings missed the Zacks Consensus Estimate by 22.2%.
Notably, the company’s earnings have surpassed the Zacks Consensus Estimate in the trailing four quarters by an average of 113.5%. Here’s a discussion on the determinants of the fourth quarter results.
Zacks Model Shows Unlikely Beat
Our proven model does not conclusively show that WWE is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. WWE has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 11 cents. The company carries a Zacks Rank #3 which increases the predictive power of ESP but an ESP of 0.00% makes a surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
World Wrestling Entertainment, Inc. Price, Consensus and EPS Surprise
In the previous two quarters, WWE missed the Zacks Consensus Estimate and thus analysts are skeptical about the company’s performance in fourth-quarter fiscal 2016. For fourth-quarter 2016, WWE anticipates average paid subscribers of 1.40 million, signifying a sequential decline of 4%. However, the company expects paid subscribers to increase 13% on a year-over year basis. Adjusted OBIDA is projected in the range of $20–$24 million.
In order to boost WWE Network’s revenues, the company has been implementing certain strategies, which include developing fresh content, executing customer acquisition and retention programs. It is also increasing distribution platform, introducing new features and foraying into new locations. These initiatives are expected to boost the company’s revenue higher.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Time Warner Inc. has an Earnings ESP of +1.68% and carries a Zacks Rank #3.
Viacom, Inc. has an Earnings ESP of +1.21% and currently has a Zacks Rank #3.
Zacks' Top Investment Ideas for Long-Term Profit
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World Wrestling Entertainment (WWE) Q4 Earnings: What's Up?
World Wrestling Entertainment, Inc. is scheduled to report fourth-quarter 2016 financial numbers, before the opening bell on Feb 9. In the previous quarter, the company’s earnings missed the Zacks Consensus Estimate by 22.2%.
Notably, the company’s earnings have surpassed the Zacks Consensus Estimate in the trailing four quarters by an average of 113.5%. Here’s a discussion on the determinants of the fourth quarter results.
Zacks Model Shows Unlikely Beat
Our proven model does not conclusively show that WWE is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. WWE has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 11 cents. The company carries a Zacks Rank #3 which increases the predictive power of ESP but an ESP of 0.00% makes a surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
World Wrestling Entertainment, Inc. Price, Consensus and EPS Surprise
World Wrestling Entertainment, Inc. Price, Consensus and EPS Surprise | World Wrestling Entertainment, Inc. Quote
Factors Influencing This Quarter
In the previous two quarters, WWE missed the Zacks Consensus Estimate and thus analysts are skeptical about the company’s performance in fourth-quarter fiscal 2016. For fourth-quarter 2016, WWE anticipates average paid subscribers of 1.40 million, signifying a sequential decline of 4%. However, the company expects paid subscribers to increase 13% on a year-over year basis. Adjusted OBIDA is projected in the range of $20–$24 million.
In order to boost WWE Network’s revenues, the company has been implementing certain strategies, which include developing fresh content, executing customer acquisition and retention programs. It is also increasing distribution platform, introducing new features and foraying into new locations. These initiatives are expected to boost the company’s revenue higher.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Charter Communications, Inc. (CHTR - Free Report) has an Earnings ESP of +1.89% and also carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Time Warner Inc. has an Earnings ESP of +1.68% and carries a Zacks Rank #3.
Viacom, Inc. has an Earnings ESP of +1.21% and currently has a Zacks Rank #3.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>