World Wrestling Entertainment (WWE) closed the most recent trading day at $87.56, moving -0.64% from the previous trading session. This move lagged the S&P 500's daily gain of 0.7%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 0.69%.
Coming into today, shares of the producer of professional wrestling events and television shows had gained 1% in the past month. In that same time, the Consumer Discretionary sector gained 2.19%, while the S&P 500 gained 1.95%.
WWE will be looking to display strength as it nears its nex t earnings release. The company is expected to report EPS of -$0.01, down 105.56% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $197.30 million, up 5.11% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.24 per share and revenue of $1.03 billion. These totals would mark changes of +10.71% and +10.3%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for WWE. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. WWE currently has a Zacks Rank of #2 (Buy).
Digging into valuation, WWE currently has a Forward P/E ratio of 71.26. This valuation marks a premium compared to its industry's average Forward P/E of 21.38.
The Film and Television Production and Distribution industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 48, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report World Wrestling Entertainment, Inc. (WWE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research