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) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
In the latest close session, Warner Bros. Discovery (WBD - Free Report) was down 1.36% at $26.12. The stock's performance was behind the S&P 500's daily gain of 0.72%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
The stock of operator of cable TV channels such as TLC and Animal Planet has risen by 0.91% in the past month, lagging the Consumer Discretionary sector's gain of 2.31% and overreaching the S&P 500's loss of 0.9%.
The upcoming earnings release of Warner Bros. Discovery will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.12, marking a 119.05% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $9.39 billion, indicating a 4.33% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.07 per share and a revenue of $37.04 billion, representing changes of -468.97% and -0.69%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Warner Bros Discovery. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 14.92% decrease. Warner Bros. Discovery is currently sporting a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 31% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Warner Bros. Discovery (WBD) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, Warner Bros. Discovery (WBD - Free Report) was down 1.36% at $26.12. The stock's performance was behind the S&P 500's daily gain of 0.72%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
The stock of operator of cable TV channels such as TLC and Animal Planet has risen by 0.91% in the past month, lagging the Consumer Discretionary sector's gain of 2.31% and overreaching the S&P 500's loss of 0.9%.
The upcoming earnings release of Warner Bros. Discovery will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.12, marking a 119.05% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $9.39 billion, indicating a 4.33% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.07 per share and a revenue of $37.04 billion, representing changes of -468.97% and -0.69%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Warner Bros Discovery. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 14.92% decrease. Warner Bros. Discovery is currently sporting a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 31% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.