World Wrestling Entertainment, Inc. (NYSE:WWE) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.38 per share.
Looking ahead, the full year income are expected at $ 1.53 per share on the revenues of $ 988.39 million.
Previous Quarter Performance
World Wrestling Entertainment, Inc. disclosed income for the second quarter of $ 0.45 per share, from the revenue of $ 223.40 million. The quarterly earnings increased 309.09 percent while revenues contracted 16.92 percent compared with the same quarter last year.
Wall street analysts are predicting, WWE to report 2Q20 income of $ 0.14 per share from revenue of $ 228.40 million. The bottom line results beat street analysts by $ 0.31 or 221.43 percent, at the same time, top line results fell short of analysts by $ 5 million or 2.19 percent.
Stock Performance
Shares of World Wrestling Entertainment, Inc. traded low $ -0.83 or -2.21 percent on Wednesday, reaching $ 36.65 with volume of 731.40 thousand shares. World Wrestling Entertainment, Inc. has traded high as $ 37.65 and has cracked $ 36.51 on the downward trend
According to the previous trading day, closing price of $ 36.65, representing a 28.80 % increase from the 52 week low of $ 29.10 and a 44.5 % decrease over the 52 week high of $ 67.53.
The company has a market capital of $ 3.42 billion and is part of the Consumer Cyclical sector and Media – Diversified industry.
Recent Analyst recommendations
- On 14th September 2020, upgraded by Loop Capital to Hold from Sell rating, with $ 42.00 target price.
Conference Call
World Wrestling Entertainment, Inc. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website corporate.wwe.com
World Wrestling Entertainment, Inc., an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.
