For its first fiscal quarter (ending March 31), World Wrestling Entertainment In (NYSE: WWE) has reported a -357% decline in E.P.S. from $0.49 a year ago to $-1.26 in the current quarter.
Recent Price Action
On 5/8/24, World Wrestling Entertainment In (NYSE: WWE) stock declined slightly by -0.5%, closing at $98.27. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 3.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, WWE is expected to be Value Creation neutral.
World Wrestling Entertainment In has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. World Wrestling Entertainment In has a good Appreciation Score of 79 but a poor Power Rating of 26, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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