Warner Bros. Discovery (WBD) Exceeds Market Returns: Some Facts to Consider

Warner Bros. Discovery (WBD) closed at $10.68 in the latest trading session, marking a +1.52% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.96%. Elsewhere, the Dow gained 0.89%, while the tech-heavy Nasdaq added 0.94%. Heading into today, shares of the operator of cable TV channels such as TLC and Animal Planet had gained 16.89% over the past month, outpacing the Consumer Discretionary sector's gain of 0.13% and the S&P 500's gain of 0.5%.The investment community will be closely monitoring the performance of Warner Bros. Discovery in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.13, signifying a 96.81% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $9.74 billion, showing a 0.23% escalation compared to the year-ago quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.12 per share and a revenue of $37.8 billion, signifying shifts of +97.4% and -3.88%, respectively, from the last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Warner Bros Discovery. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. 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. Over the past month, the Zacks Consensus EPS estimate has moved 23.38% higher. Warner Bros. Discovery is holding a Zacks Rank of #3 (Hold) right now. The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 38% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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 ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks