Earnings Preview For Warner Bros. Discovery
Portfolio Pulse from Benzinga Insights
Warner Bros. Discovery (NASDAQ:WBD) is set to release its quarterly earnings report on August 3, 2023. Analysts estimate an earnings per share (EPS) of $-0.39. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. The stock is currently trading at $12.87, down 27.32% over the last 52-week period.
August 04, 2023 | 11:47 am
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NEGATIVE IMPACT
Warner Bros. Discovery is expected to report a negative EPS, continuing a trend of missing estimates. The stock has been on a downward trend, which may continue if the company fails to meet or exceed the EPS estimate.
The company has a history of missing EPS estimates, which has led to drops in the share price. If this trend continues, it could negatively impact the stock price in the short term. The stock has also been on a downward trend over the past year, which could be exacerbated by a negative earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100