We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
Warner Bros. Discovery (WBD - Free Report) closed at $10.68 in the latest trading session, marking a +1.52% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.96%. Elsewhere, the Dow gained 0.89%, while the tech-heavy Nasdaq added 0.94%.
Heading into today, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 16.89% over the past month, outpacing the Consumer Discretionary sector's gain of 0.13% and the S&P 500's gain of 0.5%.
The investment community will be closely monitoring the performance of Warner Bros. Discovery in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.13, signifying a 96.81% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $9.74 billion, showing a 0.23% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.12 per share and a revenue of $37.8 billion, signifying shifts of +97.4% and -3.88%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Warner Bros Discovery. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 23.38% higher. Warner Bros. Discovery is holding a Zacks Rank of #3 (Hold) right now.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 38% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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) Exceeds Market Returns: Some Facts to Consider
Warner Bros. Discovery (WBD - Free Report) closed at $10.68 in the latest trading session, marking a +1.52% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.96%. Elsewhere, the Dow gained 0.89%, while the tech-heavy Nasdaq added 0.94%.
Heading into today, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 16.89% over the past month, outpacing the Consumer Discretionary sector's gain of 0.13% and the S&P 500's gain of 0.5%.
The investment community will be closely monitoring the performance of Warner Bros. Discovery in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.13, signifying a 96.81% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $9.74 billion, showing a 0.23% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.12 per share and a revenue of $37.8 billion, signifying shifts of +97.4% and -3.88%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Warner Bros Discovery. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 23.38% higher. Warner Bros. Discovery is holding a Zacks Rank of #3 (Hold) right now.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 38% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.