Home Uncategorized Liberty Media (FWONK) reports 1st quarter losses, higher in revenue estimates

Liberty Media (FWONK) reports 1st quarter losses, higher in revenue estimates


L.iberty Media (FWONK) came out with a quarterly loss of $ 0.15 per share compared to Sachs ’consensus estimate of a loss of $ 0.13. That’s compared to a loss of $ 0.20 a share a year ago. These figures have been adjusted for unique articles.

This quarterly report represents a surprise profit of -15.38%. A quarter ago it was expected that this media and entertainment company would post earnings of $ 0.17 per share when it actually brought in a loss of $ 0.64, which came as a surprise to -476.47%.

In the last four quarters, the company has only once surpassed the consensus estimates of EPS.

Liberty Media, owned by the Zacks Media Conglomerates industry, for the quarter ended March 2022, generated revenue of $ 360 million, exceeding Zacks ’consensus estimate by 23.47%. That’s compared to revenue of $ 180 million a year ago. Over the past four quarters, the company has four times exceeded consensus revenue estimates.

The sustainability of immediate stock price movements, based on recently released figures and expectations of future earnings, will largely depend on management comments to earnings call.

Since the beginning of the year, shares of Liberty Media have lost about 3.8% compared to the decline of the S&P 500 by -13%.

What’s next for Liberty Media?

Despite the fact that this year Liberty Media outperformed the market, the investor is faced with the question: what will happen to the stock?

There are no simple answers to this key question, but one reliable measure that can help investors solve this problem is the company’s profit forecast. This not only includes current consensus revenue expectations for the next quarter (s), but also how those expectations have changed recently.

Empirical studies show a strong correlation between upcoming stock movements and trends in earnings revisions. Investors can track such reviews on their own or rely on a tried and tested rating tool such as Zacks Rank, which has an impressive experience using the opportunity to view earnings estimates.

Ahead of that profit release, the trend of revision ratings for Liberty Media: ambiguous. While the magnitude and direction of valuation revisions may change following the company’s just-published earnings report, the current status is converted to a Zacks rating of № 3 (Content) for stocks. Thus, in the near future it is expected that the shares will operate in line with the market. You can see The full list of today’s shares of Zacks # 1 rank (strong buy) is here.

It will be interesting to see how estimates change for the coming quarters and the current fiscal year in the coming days. EPS’s current consensus estimate is $ 0.10 with revenue of $ 670.95 million for the next quarter and $ 0.18 with revenue of $ 2.43 billion for the current fiscal year.

Investors need to keep in mind that the industry’s outlook can also have a significant impact on stock performance. In terms of Industry Rank Zacks, Media Conglomerates is currently in the top 38% of the 250 Industry Zacks. Our study shows that the top 50% of industries included in the Zacks rankings outperform the bottom 50% by more than 2: 1.

Another stock of the same industry, Walt Disney (DIS), has not yet reported results for the quarter ended March 2022. The results are expected to be released on May 11.

The entertainment company is expected to post quarterly earnings of $ 1.20 per share in its future report, a change from + 51.9% over last year. The EPS consensus estimate for the quarter has been revised by 1.8% below the last 30 days to the current level.

Walt Disney’s revenue is expected to be $ 20.25 billion, up 29.7% from last quarter.

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Sachs Investment Research

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.

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