World Wrestling Entertainment
The 10-second takeaway
For the quarter ended March 31 (Q1), World Wrestling Entertainment beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share shrank significantly.
Margins shrank across the board.
World Wrestling Entertainment chalked up revenue of $124.0 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $121.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.05. The two earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. Non-GAAP EPS of $0.05 for Q1 were 72% lower than the prior-year quarter's $0.18 per share. GAAP EPS of $0.04 for Q1 were 80% lower than the prior-year quarter's $0.20 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 39.6%, 540 basis points worse than the prior-year quarter. Operating margin was 4.9%, 870 basis points worse than the prior-year quarter. Net margin was 2.4%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $144.2 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $505.0 million. The average EPS estimate is $0.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 433 members out of 545 rating the stock outperform, and 112 members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give World Wrestling Entertainment a green thumbs-up, and 29 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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