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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 $12.53 in the latest trading session, marking a -0.63% move from the prior day. This move lagged the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, added 0.61%.
Heading into today, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 7.05% over the past month, outpacing the Consumer Discretionary sector's gain of 3.43% and the S&P 500's gain of 4.86% in that time.
Wall Street will be looking for positivity from Warner Bros. Discovery as it approaches its next earnings report date. This is expected to be August 3, 2023. On that day, Warner Bros. Discovery is projected to report earnings of -$0.40 per share, which would represent a year-over-year decline of 263.64%. Meanwhile, our latest consensus estimate is calling for revenue of $10.55 billion, up 7.35% from the prior-year quarter.
WBD's full-year Zacks Consensus Estimates are calling for earnings of -$0.77 per share and revenue of $43.08 billion. These results would represent year-over-year changes of -267.39% and +27.41%, respectively.
Investors should also note any recent changes to analyst estimates for Warner Bros. Discovery. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 1.1% lower within the past month. Warner Bros. Discovery is currently a Zacks Rank #4 (Sell).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 178, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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 $12.53 in the latest trading session, marking a -0.63% move from the prior day. This move lagged the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, added 0.61%.
Heading into today, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 7.05% over the past month, outpacing the Consumer Discretionary sector's gain of 3.43% and the S&P 500's gain of 4.86% in that time.
Wall Street will be looking for positivity from Warner Bros. Discovery as it approaches its next earnings report date. This is expected to be August 3, 2023. On that day, Warner Bros. Discovery is projected to report earnings of -$0.40 per share, which would represent a year-over-year decline of 263.64%. Meanwhile, our latest consensus estimate is calling for revenue of $10.55 billion, up 7.35% from the prior-year quarter.
WBD's full-year Zacks Consensus Estimates are calling for earnings of -$0.77 per share and revenue of $43.08 billion. These results would represent year-over-year changes of -267.39% and +27.41%, respectively.
Investors should also note any recent changes to analyst estimates for Warner Bros. Discovery. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 1.1% lower within the past month. Warner Bros. Discovery is currently a Zacks Rank #4 (Sell).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 178, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.