Warner Bros. Discovery, bottomed out?
On 2024-03-05, there occurred a change in the earnings estimate for Warner Bros. Discovery, Inc. (WBD) by analysts.
Meeting or exceeding earnings estimates can enhance investor confidence in a company's management and business fundamentals, positively impacting its stock price and reputation. Average EPS has been revised up to -0.22 by 14 analysts. Previously, it was -0.24.
The average quarterly EPS is placed at -0.22 for the period ending 31-03-2024 with the lower band at -0.47 and higher band at 0.0. When compared to the EPS of -0.44 from a year ago, the current estimate indicates an increase of roughly 0.5. On the other hand lower band of revenue is expected to be at 9748010000 and the higher band at 10809000000. The average revenue is expected to come in at 10273400000. This is an decrease of about -0.04 from the revenue of 10700000000 from a year ago.
After such estimate increases, investors typically aim to act promptly to establish new positions at reduced prices, foreseeing favorable results.
Insider transactions made by WBD insiders were reported on the stock market since 12-12-2023.
Monitoring insider transactions helps level the playing field for investors by reducing information asymmetry, enabling them to make more informed investment decisions.
Insiders at Warner Bros. Discovery, Inc. purchased the stock at a weighted average price of 12.49 in contrast There were no insider transactions on the sell side. Insiders have been actively purchasing shares in the time leading up to the earnings giving a glimpse of the potential outcome when the earnings are declared.
There was a modification in the predicted threshold for WBD's stock price as of 2024-03-05, according to analysts.
In their comprehensive research reports, analysts furnish investors with a price range for a specific stock, offering valuable insights for investment strategies. Future price for WBD is expected to range between 7.0 and 24.0, with a mean price expectation of about 13.48 as per recommendations from 22 analysts.
Technical Summary
The current price of 8.73 finds support at 8.14 and resistance at 8.61.
The PSAR continues its bearish outlook and sets a level of resistance.
The moving averages for 20-50-100 periods are aligned for a bullish trend. This is weakened slightly by the slopes of the faster moving averages which might point to a possible reversal of the trend just round the corner.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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