Warner Bros. Discovery Likely To Report Narrower Q1 Loss; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Warner Bros. Discovery, Inc. (NASDAQ:WBD) is anticipated to report a narrower Q1 loss at 24 cents per share compared to last year's 44 cents, with revenue expected at $10.23 billion, down from $10.7 billion. The company has also entered a strategic advertising partnership with Locality. Analysts have mixed views, with ratings ranging from Underperform to Buy and price targets adjusted accordingly.
May 09, 2024 | 6:36 am
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Warner Bros. Discovery is expected to report a reduced Q1 loss and has entered a strategic partnership with Locality. Analysts have revised ratings and price targets, indicating mixed expectations.
The expected narrower loss and strategic partnership with Locality could be positive signals for Warner Bros. Discovery. However, mixed analyst ratings and adjustments in price targets suggest uncertainty about the stock's short-term performance. The strategic partnership indicates potential growth in advertising revenue, but the lowered revenue forecast and mixed analyst sentiments could temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100