Warner Bros. Discovery Inc (NASDAQ: WBD) has reported a loss for its third fiscal quarter (ending September 30) of $-0.17 versus a loss $-0.95 for the same period a year ago. This result fell short of the consensus estimate of $0.19 by $-0.36. For the latest four quarters through September 30, E.P.S. were $-1.98 versus $-2.92 for the same period a year ago.
Recent Price Action
On 11/8/23, Warner Bros. Discovery Inc (NASDAQ: WBD) stock suffered a major decline of -19.0%, closing at $9.40. Relative to the market the stock has been weak over the last nine months and has declined -5.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WBD is expected to continue to be a modest Value Builder.
Warner Bros. Discovery has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Warner Bros. Discovery has a very high Appreciation Score of 96 but a poor Power Rating of 23, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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