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 Moves -0.86%: What You Should Know
Read MoreHide Full Article
In the latest market close, Warner Bros. Discovery (WBD - Free Report) reached $10.39, with a -0.86% movement compared to the previous day. This change was narrower than the S&P 500's daily loss of 1.07%. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, lost 1.71%.
Shares of the operator of cable TV channels such as TLC and Animal Planet have appreciated by 1.35% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 9.51% and the S&P 500's loss of 7.03%.
Investors will be eagerly watching for the performance of Warner Bros. Discovery in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.13, reflecting a 67.5% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $9.84 billion, down 1.16% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.12 per share and revenue of $39.1 billion, indicating changes of +97.4% and -0.57%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Warner Bros. Discovery should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 192.95% lower within the past month. Warner Bros. Discovery presently features a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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) Stock Moves -0.86%: What You Should Know
In the latest market close, Warner Bros. Discovery (WBD - Free Report) reached $10.39, with a -0.86% movement compared to the previous day. This change was narrower than the S&P 500's daily loss of 1.07%. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, lost 1.71%.
Shares of the operator of cable TV channels such as TLC and Animal Planet have appreciated by 1.35% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 9.51% and the S&P 500's loss of 7.03%.
Investors will be eagerly watching for the performance of Warner Bros. Discovery in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.13, reflecting a 67.5% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $9.84 billion, down 1.16% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.12 per share and revenue of $39.1 billion, indicating changes of +97.4% and -0.57%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Warner Bros. Discovery should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 192.95% lower within the past month. Warner Bros. Discovery presently features a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.