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Warner Bros. Discovery (WBD) Beats Stock Market Upswing: What Investors Need to Know
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Warner Bros. Discovery (WBD - Free Report) closed the most recent trading day at $10.58, moving +1.63% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
Prior to today's trading, shares of the operator of cable TV channels such as TLC and Animal Planet had lost 9.4% over the past month. This has lagged the Consumer Discretionary sector's gain of 0.31% and the S&P 500's gain of 2.48% in that time.
The upcoming earnings release of Warner Bros. Discovery will be of great interest to investors. The company is predicted to post an EPS of $0, indicating a 100% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.29 billion, indicating a 6.52% decrease compared to the same quarter of the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates 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 company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 20.32% lower. Warner Bros. Discovery presently features a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 202, positioning it in the bottom 20% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Warner Bros. Discovery (WBD) Beats Stock Market Upswing: What Investors Need to Know
Warner Bros. Discovery (WBD - Free Report) closed the most recent trading day at $10.58, moving +1.63% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
Prior to today's trading, shares of the operator of cable TV channels such as TLC and Animal Planet had lost 9.4% over the past month. This has lagged the Consumer Discretionary sector's gain of 0.31% and the S&P 500's gain of 2.48% in that time.
The upcoming earnings release of Warner Bros. Discovery will be of great interest to investors. The company is predicted to post an EPS of $0, indicating a 100% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.29 billion, indicating a 6.52% decrease compared to the same quarter of the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates 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 company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 20.32% lower. Warner Bros. Discovery presently features a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 202, positioning it in the bottom 20% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.