Warner Music(US:WMG) ZACKSยท2025-02-06 14:45Core Insights - Warner Music Group Corp. (WMG) reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, and up from $0.30 per share a year ago, representing an earnings surprise of 32.35% [1] - The company posted revenues of $1.67 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.42%, although this is a decline from year-ago revenues of $1.75 billion [2] - Warner Music Group has outperformed the S&P 500, with shares increasing about 3.6% since the beginning of the year compared to the S&P 500's gain of 3.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.28 on revenues of $1.53 billion, and for the current fiscal year, it is $1.30 on revenues of $6.52 billion [7] - The estimate revisions trend for Warner Music Group is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Film and Television Production and Distribution industry, to which Warner Music Group belongs, is currently in the top 12% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, TKO Group Holdings, is expected to report quarterly earnings of $0.22 per share, reflecting a year-over-year change of +344.4%, with revenues anticipated to be $612.6 million, down 0.2% from the previous year [9][10]