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Warner Bros. Discovery (WBD) closed the recent trading day high at $10. 08, up 1. 41% from the last trading session. Inventory has exceeded S
Shares of the operator of cable TV channels such as TLC and Animal Planet registered a loss of 3. 96% compared to last month, the functionality of the Consumer Discretionary sector with a loss of 2. 92% and that of the S
Investors will be watching Warner Bros. ‘ consistent performance with impatience. in its next earnings release. The company’s earnings report is expected to be released on November 8, 2023. In the report, analysts expect Warner Bros. Discovery to post earnings of -$0. 08 consistent with the stock, which would mark a year-over-year decline of 147. 06%. Meanwhile, our recent high consensus estimate calls for a profit of $9. 97 billion, indicating an increase of 1. 46% over the same quarter last year.
For the full fiscal year, Zacks’ consensus estimates forecast earnings of -$1. 13 percent and earnings of $41. 86 billion, adjustments of -345. 65% and 23. 8%, respectively, from the prior year.
Investors may also take notice of recent adjustments to analyst estimates for Warner Bros. Discovery. These recent adjustments signify a changing landscape of short-term business trends. As a result, we can interpret positive revisions to estimates as a smart signal for the company’s business prospects.
Our studies show that those changes in valuation are directly correlated with short-term stock prices. To utilize this, we created the Zacks Rank, a proprietary model that adjusts those calculations and provides a functional scoring system.
The Zacks Rank system, which runs from No. 1 (Strong Buy) to No. 5 (Hard Sell), has a remarkable track record of outperforming, validated through third-party audits, and stocks ranked No. 1 generate an average annual return. It is down 25% during 1988. Beyond 30 days, the Zacks consensus EPS estimate is down 5. 1%. Currently, Warner Bros. Discovery has a Zacks rating of number four (sell).
The radio and television industry is part of the consumer discretionary sector. With its current Zacks industry ranking of 171, this industry ranks in 33% of all industries, with over 250.
The Zacks Industry Ranking assesses the strength of our various industrial teams by calculating the average Zacks rating of the individual actions contained within the teams. Our studies show that the top 50% of industries outperform the back end by a ratio of 2 to 1.
You can learn more about all of those measures and much more in Zacks. com.
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Warner Bros. Discovery, Inc. (WBD): Free Stock Analysis Report
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