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Warner Bros. Discovery (WBD) Exceeds Market Returns: Some Facts to Consider
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In the latest close session, Warner Bros. Discovery (WBD - Free Report) was up +1.5% at $19.62. The stock outpaced the S&P 500's daily gain of 0.44%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 0.7%.
Prior to today's trading, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 60.42% outpaced the Consumer Discretionary sector's gain of 1.92% and the S&P 500's gain of 4.03%.
The investment community will be closely monitoring the performance of Warner Bros. Discovery in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.08, marking a 260% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.06 billion, down 5.9% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.33 per share and a revenue of $37.35 billion, demonstrating changes of +107.14% and -5.02%, respectively, from the preceding year.
Any recent changes to analyst estimates for Warner Bros. Discovery should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Warner Bros. Discovery currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Warner Bros. Discovery is presently being traded at a Forward P/E ratio of 58.71. For comparison, its industry has an average Forward P/E of 30.8, which means Warner Bros. Discovery is trading at a premium to the group.
We can additionally observe that WBD currently boasts a PEG ratio of 2.58. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Broadcast Radio and Television was holding an average PEG ratio of 2.07 at yesterday's closing price.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 183, finds itself in the bottom 26% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Warner Bros. Discovery (WBD) Exceeds Market Returns: Some Facts to Consider
In the latest close session, Warner Bros. Discovery (WBD - Free Report) was up +1.5% at $19.62. The stock outpaced the S&P 500's daily gain of 0.44%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 0.7%.
Prior to today's trading, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 60.42% outpaced the Consumer Discretionary sector's gain of 1.92% and the S&P 500's gain of 4.03%.
The investment community will be closely monitoring the performance of Warner Bros. Discovery in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.08, marking a 260% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.06 billion, down 5.9% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.33 per share and a revenue of $37.35 billion, demonstrating changes of +107.14% and -5.02%, respectively, from the preceding year.
Any recent changes to analyst estimates for Warner Bros. Discovery should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Warner Bros. Discovery currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Warner Bros. Discovery is presently being traded at a Forward P/E ratio of 58.71. For comparison, its industry has an average Forward P/E of 30.8, which means Warner Bros. Discovery is trading at a premium to the group.
We can additionally observe that WBD currently boasts a PEG ratio of 2.58. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Broadcast Radio and Television was holding an average PEG ratio of 2.07 at yesterday's closing price.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 183, finds itself in the bottom 26% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.