Analysts on Wall Street project that Warner Bros. Discovery (WBD) will announce quarterly loss of $0.14 per share in its forthcoming report, representing an increase of 65% year over year. Revenues are projected to reach $9.75 billion, declining 2.1% from the same quarter last year.
The current level reflects an upward revision of 2.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Warner Bros. Discovery metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Pro Forma Combined DTC Revenues- Total' to come in at $2.72 billion. The estimate indicates a change of +10.5% from the prior-year quarter.
According to the collective judgment of analysts, 'Pro Forma Combined Networks Revenues- Total' should come in at $4.69 billion. The estimate indicates a change of -8.4% from the prior-year quarter.
Analysts forecast 'Pro Forma Combined Studios Revenues- Total' to reach $2.92 billion. The estimate points to a change of +3.5% from the year-ago quarter.
Analysts predict that the 'Pro Forma Combined Revenues- Other' will reach $267.99 million. The estimate suggests a change of +0.4% year over year.
Based on the collective assessment of analysts, 'Pro Forma Combined Revenues- Content' should arrive at $2.88 billion. The estimate suggests a change of +12.4% year over year.
It is projected by analysts that the 'Pro Forma Combined Revenues- Distribution' will reach $5.03 billion. The estimate indicates a change of +0.9% from the prior-year quarter.
Analysts' assessment points toward 'Pro Forma Combined Revenues- Advertising' reaching $1.95 billion. The estimate indicates a change of -9.4% from the prior-year quarter.
The average prediction of analysts places 'Pro Forma Combined DTC Revenues- Distribution' at $2.38 billion. The estimate suggests a change of +8.8% year over year.
The combined assessment of analysts suggests that 'Pro Forma Combined Networks Revenues- Advertising' will likely reach $1.71 billion. The estimate indicates a change of -13.8% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Pro Forma Combined Networks Revenues- Distribution' of $2.63 billion. The estimate points to a change of -6.1% from the year-ago quarter.
The consensus among analysts is that 'Pro Forma Combined Networks Revenues- Content' will reach $328.50 million. The estimate indicates a year-over-year change of +24.4%.
The consensus estimate for 'Total DTC Subscribers' stands at 120.91 million. Compared to the current estimate, the company reported 99.6 million in the same quarter of the previous year.
View all Key Company Metrics for Warner Bros. Discovery here>>>
Shares of Warner Bros. Discovery have experienced a change of +5.8% in the past month compared to the +0.4% 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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