In the latest close session, Warner Bros. Discovery (WBD) was up +1.88% at $27.09. The stock outperformed the S&P 500, which registered a daily loss of 0.79%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 1.55%.
Shares of the operator of cable TV channels such as TLC and Animal Planet have depreciated by 1.45% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 0.62%, and the S&P 500's gain of 4.28%.
The investment community will be paying close attention to the earnings performance of Warner Bros. Discovery in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.12, reflecting a 119.05% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.33 billion, down 4.9% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.07 per share and a revenue of $37.04 billion, demonstrating changes of -468.97% and -0.69%, respectively, from the preceding year.
Any recent changes to analyst estimates for Warner Bros. Discovery should also be noted by investors. 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Warner Bros. Discovery currently has 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 69, positioning it in the top 29% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Warner Bros. Discovery, Inc. (WBD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).