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World Wrestling Entertainment (WWE) Q3 Earnings Preview: What to Look Out For

Wall Street expects a year-over-year decline in earnings on higher revenues when World Wrestling Entertainment (WWE) reports results for the quarter ended September 2018. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 25. On the other hand, if they miss, the stock may move lower.

While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This producer of professional wrestling events and television shows is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -25%.

Revenues are expected to be $203.08 million, up 9% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Article source: https://finance.yahoo.com/news/world-wrestling-entertainment-wwe-q3-143302004.html

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