Wall Street analysts forecast that Warner Bros. Discovery (WBD) will report quarterly loss of -$0.14 per share in its upcoming release, pointing to a year-over-year increase of 96.6%. It is anticipated that revenues will amount to $9.83 billion, exhibiting an increase of 1.2% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 12.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Warner Bros. Discovery metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Global Linear Networks' will likely reach $4.74 billion. The estimate indicates a year-over-year change of -10%.
Analysts expect 'Revenues- Advertising- Global Linear Networks' to come in at $1.91 billion. The estimate points to a change of -13.6% from the year-ago quarter.
Analysts forecast 'Revenues- Distribution- Global Linear Networks' to reach $2.47 billion. The estimate indicates a change of -7.8% from the prior-year quarter.
Analysts predict that the 'Revenues- Content- Global Linear Networks' will reach $277.06 million. The estimate indicates a change of -7.3% from the prior-year quarter.
The consensus estimate for 'Revenues- Other- Global Linear Networks' stands at $65.76 million. The estimate points to a change of -21.7% from the year-ago quarter.
Analysts' assessment points toward 'Revenues- Advertising- Streaming' reaching $272.83 million. The estimate suggests a change of +13.7% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Content- Studios' of $2.92 billion. The estimate indicates a year-over-year change of +30.6%.
The average prediction of analysts places 'Revenues- Other- Studios' at $214.75 million. The estimate points to a change of +2.8% from the year-ago quarter.
It is projected by analysts that the 'Revenues- Content- Streaming' will reach $106.26 million. The estimate indicates a year-over-year change of -13.6%.
Based on the collective assessment of analysts, 'Revenues- Distribution- Streaming' should arrive at $2.43 billion. The estimate indicates a year-over-year change of +10.3%.
According to the collective judgment of analysts, 'Revenues- Distribution- Studios' should come in at $4.06 million. The estimate suggests a change of +35.2% year over year.
The consensus among analysts is that 'Global streaming subscribers' will reach 125.33 thousand. Compared to the present estimate, the company reported 103.30 million in the same quarter last year.
View all Key Company Metrics for Warner Bros. Discovery here>>>
Shares of Warner Bros. Discovery have experienced a change of +14.7% in the past month compared to the +0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), WBD is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Warner Bros. Discovery, Inc. (WBD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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