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Warner Bros. Discovery (WBD) Stock Sinks As Market Gains: What You Should Know
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Warner Bros. Discovery (WBD - Free Report) closed at $13.84 in the latest trading session, marking a -1.28% move from the prior day. This change lagged the S&P 500's daily gain of 0.12%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq lost 4.09%.
Prior to today's trading, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 13.25% over the past month. This has outpaced the Consumer Discretionary sector's loss of 0.58% and the S&P 500's gain of 3.98% in that time.
Investors will be hoping for strength from Warner Bros. Discovery as it approaches its next earnings release. On that day, Warner Bros. Discovery is projected to report earnings of -$0.17 per share, which would represent a year-over-year decline of 54.55%. Our most recent consensus estimate is calling for quarterly revenue of $10.61 billion, up 7.96% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.02 per share and revenue of $43.28 billion, which would represent changes of -104.35% and +27.98%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Warner Bros. Discovery. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 106.32% lower. Warner Bros. Discovery is currently a Zacks Rank #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Warner Bros. Discovery (WBD) Stock Sinks As Market Gains: What You Should Know
Warner Bros. Discovery (WBD - Free Report) closed at $13.84 in the latest trading session, marking a -1.28% move from the prior day. This change lagged the S&P 500's daily gain of 0.12%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq lost 4.09%.
Prior to today's trading, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 13.25% over the past month. This has outpaced the Consumer Discretionary sector's loss of 0.58% and the S&P 500's gain of 3.98% in that time.
Investors will be hoping for strength from Warner Bros. Discovery as it approaches its next earnings release. On that day, Warner Bros. Discovery is projected to report earnings of -$0.17 per share, which would represent a year-over-year decline of 54.55%. Our most recent consensus estimate is calling for quarterly revenue of $10.61 billion, up 7.96% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.02 per share and revenue of $43.28 billion, which would represent changes of -104.35% and +27.98%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Warner Bros. Discovery. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 106.32% lower. Warner Bros. Discovery is currently a Zacks Rank #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 189, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.