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Warner Bros. Discovery (WBD) Stock Falls Amid Market Uptick: What Investors Need to Know
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Warner Bros. Discovery (WBD - Free Report) ended the recent trading session at $25.28, demonstrating a -1.9% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a rise of 0.51%, and the technology-dominated Nasdaq saw a decrease of 0.18%.
The stock of operator of cable TV channels such as TLC and Animal Planet has fallen by 3.63% in the past month, lagging the Consumer Discretionary sector's loss of 1.75% and the S&P 500's gain of 0.77%.
The investment community will be paying close attention to the earnings performance of Warner Bros. Discovery in its upcoming release. On that day, Warner Bros. Discovery is projected to report earnings of -$0.12 per share, which would represent a year-over-year decline of 119.05%. Our most recent consensus estimate is calling for quarterly revenue of $9.33 billion, down 4.95% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.07 per share and revenue of $36.96 billion, which would represent changes of -468.97% and -0.91%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Warner Bros Discovery. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.35% downward. Currently, Warner Bros. Discovery is carrying a Zacks Rank of #4 (Sell).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
View the Zacks #1 Rank List
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Warner Bros. Discovery (WBD) Stock Falls Amid Market Uptick: What Investors Need to Know
Warner Bros. Discovery (WBD - Free Report) ended the recent trading session at $25.28, demonstrating a -1.9% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a rise of 0.51%, and the technology-dominated Nasdaq saw a decrease of 0.18%.
The stock of operator of cable TV channels such as TLC and Animal Planet has fallen by 3.63% in the past month, lagging the Consumer Discretionary sector's loss of 1.75% and the S&P 500's gain of 0.77%.
The investment community will be paying close attention to the earnings performance of Warner Bros. Discovery in its upcoming release. On that day, Warner Bros. Discovery is projected to report earnings of -$0.12 per share, which would represent a year-over-year decline of 119.05%. Our most recent consensus estimate is calling for quarterly revenue of $9.33 billion, down 4.95% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.07 per share and revenue of $36.96 billion, which would represent changes of -468.97% and -0.91%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Warner Bros Discovery. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.35% downward. Currently, Warner Bros. Discovery is carrying a Zacks Rank of #4 (Sell).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.