Warner Bros. Discovery Inc (NASDAQ: WBD) has reported E.P.S. of $-0.40 for its first fiscal quarter (ending March 31) versus $-0.44 for the same period a year ago. Relative to the consensus estimate of $-0.10, this was a shortfall of $-0.30. For the latest four quarters through March 31, E.P.S. were $-1.24 compared to $-3.75 a year ago.
Recent Price Action
Warner Bros. Discovery Inc (NASDAQ: WBD) stock closed at $8.04 on 5/9/24 after a large increase of 3.1%. Moreover, this advance was accompanied by unusually high trading volume at 171% of normal. The stock has risen 5.5% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WBD is expected to continue to be a Value Builder.
Warner Bros. Discovery has a current Value Trend Rating of C (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 98 but a very low Power Rating of 1, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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