We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Warner Bros. Discovery (WBD) Stock Moves -0.79%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Warner Bros. Discovery (WBD - Free Report) closed at $10.02, marking a -0.79% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.61%. At the same time, the Dow lost 0.82%, and the tech-heavy Nasdaq lost 2.23%.
The operator of cable TV channels such as TLC and Animal Planet's shares have seen a decrease of 13.38% over the last month, not keeping up with the Consumer Discretionary sector's gain of 1.9% and the S&P 500's gain of 3.28%.
Investors will be eagerly watching for the performance of Warner Bros. Discovery in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.06, indicating a 114.29% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $10.29 billion, reflecting a 6.52% fall from the equivalent quarter last year.
Investors should also take note of any recent adjustments to analyst estimates for Warner Bros. Discovery. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 584.49% lower within the past month. Warner Bros. Discovery presently features a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Warner Bros. Discovery (WBD) Stock Moves -0.79%: What You Should Know
In the latest trading session, Warner Bros. Discovery (WBD - Free Report) closed at $10.02, marking a -0.79% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.61%. At the same time, the Dow lost 0.82%, and the tech-heavy Nasdaq lost 2.23%.
The operator of cable TV channels such as TLC and Animal Planet's shares have seen a decrease of 13.38% over the last month, not keeping up with the Consumer Discretionary sector's gain of 1.9% and the S&P 500's gain of 3.28%.
Investors will be eagerly watching for the performance of Warner Bros. Discovery in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.06, indicating a 114.29% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $10.29 billion, reflecting a 6.52% fall from the equivalent quarter last year.
Investors should also take note of any recent adjustments to analyst estimates for Warner Bros. Discovery. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 584.49% lower within the past month. Warner Bros. Discovery presently features a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 183, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.