Warner Bros. Discovery Inc (NASDAQ: WBD) has reported a loss for its second fiscal quarter (ending June 30) of $-4.07 versus a loss $-0.51 for the same period a year ago. This result fell short of the consensus estimate of $-0.03 by $-4.04. For the latest four quarters through June 30, E.P.S. were $-4.81 versus $-2.76 for the same period a year ago.
Recent Price Action
Warner Bros. Discovery Inc (NASDAQ: WBD) stock increased 1.8% on 8/7/24. The shares closed at $7.71. Moreover, trading volume in this advance was unusually high at 156% of normal. The stock has declined -12.2% during the last week and 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 7, with the Neutral Value Trend Rating the result.
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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