Warner Bros. Discovery (WBD) Q4 Earnings: What To Expect
Stock Story
Published Feb 22, 2024 02:00
Updated Feb 22, 2024 08:18
Warner Bros. Discovery (WBD) Q4 Earnings: What To Expect
Stock Story -
Global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD) will be reporting results tomorrow before the bell. Here's what you need to know.
Last quarter Warner Bros. Discovery reported revenues of $9.98 billion, up 1.6% year on year, in line with analyst expectations. It was a decent quarter for the company, with an impressive beat of analysts' earnings estimates.
Is Warner Bros. Discovery buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Warner Bros. Discovery's revenue to decline 5.4% year on year to $10.42 billion. Adjusted loss is expected to come in at -$0.01 per share.
The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing six downward revisions over the last thirty days. The company missed Wall St's revenue estimates five times over the last two years.
Looking at Warner Bros. Discovery's peers in the media segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Disney delivered top-line growth of 0.2% year on year, missing analyst estimates by 0.9% and News Corp (NASDAQ:NWSA) reported revenues up 2.6% year on year, exceeding estimates by 0.9%. Disney traded up 7.7% on the results, News Corp was flat on the results.
Read the full analysis of Disney's and News Corp's results on StockStory.
Investors in the media segment have had steady hands going into the earnings, with the stocks down on average 1.2% over the last month. Warner Bros. Discovery is down 7.5% during the same time, and is heading into the earnings with analyst price target of $15.3, compared to share price of $9.63.
Get The App
Written By: Stock Story
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.