2024-05-09 10:36
Warner Bros. Discovery, Inc. WBD is set to release earnings results for its first quarter before the opening bell on May 9.
Analysts expect the New York-based company to report a quarterly loss at 24 cents per share, versus a year-ago loss of 44 cents per share. Warner Bros. Discovery is projected to report quarterly revenue of $10.23 billion, compared to $10.7 billion a year ago according to data from Benzinga Pro.
On Feb. 28, Locality announced a strategic local video advertising partnership with Warner Bros. Discovery.
Warner Bros. Discovery shares rose 0.4% to close at $7.80 on Wednesday.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
Wolfe Researchanalyst Peter Supino downgraded the stock from Peer Perform to Underperform with a price target of $7 on April 23. This analyst has an accuracy rate of 60%.
Rosenblattanalyst Barton Crockett upgraded the stock from Sell to Neutral and boosted the price target from $7 to $10 on March 21. This analyst has an accuracy rate of 68%.
Citigroupanalyst Jason Bazinet maintained a Buy rating and cut the price target from $16 to $14 on Feb. 29. This analyst has an accuracy rate of 65%.
Morgan Stanleyanalyst Benjamin Swinburne maintained an Equal-Weight rating and cut the price target from $14 to $10 on Feb. 26. This analyst has an accuracy rate of 75%.
JP Morgananalyst Philip Cusick maintained a Neutral rating and slashed the price target from $13 to $10 on Feb. 26. This analyst has an accuracy rate of 60%.
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