World Wrestling Entertainment
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), World Wrestling Entertainment missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank significantly.
Margins dropped across the board.
World Wrestling Entertainment reported revenue of $104.2 million. The five analysts polled by S&P Capital IQ looked for sales of $109.0 million on the same basis. GAAP reported sales were 4.0% lower than the prior-year quarter's $108.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.07. The four earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS of $0.05 for Q3 were 64% lower than the prior-year quarter's $0.14 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 41.1%, 320 basis points worse than the prior-year quarter. Operating margin was 4.8%, 1,360 basis points worse than the prior-year quarter. Net margin was 3.4%, 640 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $115.5 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $488.5 million. The average EPS estimate is $0.50.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 437 members out of 544 rating the stock outperform, and 107 members rating it underperform. Among 121 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give World Wrestling Entertainment a green thumbs-up, and 32 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on World Wrestling Entertainment is hold, with an average price target of $11.67.
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