In the latest market close, Warner Bros. Discovery (WBD) reached $8.69, with a +1.19% movement compared to the previous day. This change outpaced the S&P 500's 0.06% gain on the day. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq lost 0.1%.
Shares of the operator of cable TV channels such as TLC and Animal Planet witnessed a loss of 17.17% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 4.33% and the S&P 500's loss of 4.29%.
The upcoming earnings release of Warner Bros. Discovery will be of great interest to investors. The company's earnings report is expected on May 8, 2025. The company's upcoming EPS is projected at -$0.14, signifying a 65% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $9.82 billion, indicating a 1.38% decline compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.13 per share and a revenue of $39.03 billion, signifying shifts of +97.19% and -0.74%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Warner Bros. Discovery. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.13% lower 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. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WBD in the coming trading sessions, be sure to utilize Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Warner Bros. Discovery, Inc. (WBD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
