Atlanta Braves Holdings, Inc. (BATRA) came out with a quarterly loss of $0.66 per share versus the Zacks Consensus Estimate of a loss of $0.94. This compares to loss of $0.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.79%. A quarter ago, it was expected that this company would post a loss of $0.78 per share when it actually produced a loss of $0.31, delivering a surprise of 60.26%.Over the last four quarters, the compa ...

Paramount Global-B (PARA) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.41%. A quarter ago, it was expected that this company would post earnings of $0.10 per share when it actually produced a loss of $0.11, delivering a surprise of -210%.Over the last four quarters, the company h ...

Paramount Global (PARAA) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25.64%. A quarter ago, it was expected that this company would post earnings of $0.60 per share when it actually produced a loss of $0.11, delivering a surprise of -118.33%.Over the last four quarters, the compa ...

分组1 - Sphere Entertainment reported a quarterly loss of $2.27 per share, better than the Zacks Consensus Estimate of a loss of $2.48, but worse than a loss of $1.33 per share a year ago, indicating an earnings surprise of 8.47% [1] - The company posted revenues of $280.57 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.26%, but down from $321.33 million year-over-year [2] - Sphere Entertainment shares have declined approximately 26.1% since the beginning of the year, compared to a decline of 4.3% for the S&P 500 [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is -$1.99 on revenues of $282.18 million, and for the current fiscal year, it is -$5.40 on revenues of $1.19 billion [7] - The Zacks Industry Rank indicates that the Media Conglomerates sector is in the bottom 37% of over 250 Zacks industries, suggesting potential underperformance compared to higher-ranked industries [8]

Core Viewpoint - Liberty Media Corporation - Liberty Formula One Series A reported quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, but down from $0.32 per share a year ago, indicating a significant earnings surprise of 150% [1] - The company posted revenues of $400 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 4.54% and down from $550 million year-over-year [2] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [2] - The recent earnings report showed a significant earnings surprise compared to the previous quarter, where a loss of $1.03 was reported against an expected earnings of $0.58, resulting in a surprise of -277.59% [1][2] Group 2: Revenue Insights - Revenue for the quarter was $400 million, which is a decline from $550 million in the same quarter last year [2] - The company has only topped consensus revenue estimates once in the last four quarters [2] Group 3: Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3] - Current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $1.11 billion, and for the current fiscal year, it is $0.62 on revenues of $3.78 billion [7] Group 4: Industry Context - The Media Conglomerates industry, to which the company belongs, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]

Core Insights - Liberty Media Corporation - Liberty Formula One Series C reported quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of a loss of $0.18 per share, but down from earnings of $0.32 per share a year ago [1] - The earnings surprise was 127.78%, following a previous quarter where the company reported a loss of $1.03 against an expected earnings of $0.46, resulting in a surprise of -323.91% [2] - The company posted revenues of $400 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.38%, but down from $550 million in the same quarter last year [3] Financial Performance - Over the last four quarters, the company has surpassed consensus EPS estimates two times [2] - The company has also topped consensus revenue estimates two times over the last four quarters [3] - The current consensus EPS estimate for the upcoming quarter is $0.55 on revenues of $1.16 billion, and for the current fiscal year, it is $1.22 on revenues of $3.71 billion [8] Market Position - Liberty Media Corporation - Liberty Formula One Series C shares have declined approximately 1.4% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [4] - The Zacks Industry Rank places Media Conglomerates in the top 31% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the trends in earnings estimate revisions [4][5] - The current Zacks Rank for the stock is 3 (Hold), suggesting it is expected to perform in line with the market in the near future [7]

Group 1 - Sinclair reported a quarterly loss of $2.18 per share, which was worse than the Zacks Consensus Estimate of a loss of $1.78, and a significant decline from earnings of $0.43 per share a year ago, indicating an earnings surprise of -22.47% [1] - The company posted revenues of $776 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.99%, but down from $798 million in the same quarter last year [2] - Over the last four quarters, Sinclair has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call, with Sinclair shares down about 3.7% year-to-date compared to the S&P 500's decline of -4.7% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.36 on revenues of $790.7 million, and for the current fiscal year, it is -$2.24 on revenues of $3.19 billion [7] - The Zacks Industry Rank places Media Conglomerates in the top 31% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]

Disney, which belongs to the Zacks Media Conglomerates industry, posted revenues of $23.62 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.10%. This compares to year-ago revenues of $22.08 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...

Company Performance - Madison Square Garden Entertainment (MSGE) reported quarterly earnings of $0.33 per share, exceeding the Zacks Consensus Estimate of $0.25 per share, and showing a significant increase from earnings of $0.06 per share a year ago, representing an earnings surprise of 32% [1] - The company posted revenues of $242.47 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.94%, and an increase from year-ago revenues of $228.31 million [2] - Over the last four quarters, MSGE has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance and Outlook - MSGE shares have declined approximately 4.6% since the beginning of the year, compared to a decline of 3.9% for the S&P 500 [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at -$0.39 on revenues of $175.19 million, and $1.04 on revenues of $952.32 million for the current fiscal year [7] - The current Zacks Rank for MSGE is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Media Conglomerates industry, to which MSGE belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Viewpoint - The Walt Disney Company is expected to report second-quarter fiscal 2025 results on May 7, with revenue estimates at $23.14 billion, reflecting a 4.78% year-over-year growth, while earnings per share (EPS) are projected to decline by 2.48% to $1.18 [1][2]. Financial Performance - The consensus estimate for the current quarter's EPS has decreased by a penny over the past 30 days, indicating a downward trend [2]. - In the last reported quarter, Disney achieved an earnings surprise of 22.22%, with an average surprise of 12.67% over the last four quarters [2]. Earnings Expectations - Current estimates show an Earnings ESP of -1.48% and a Zacks Rank of 4 (Sell), suggesting a low probability of an earnings beat this time [3]. - Management anticipates high-single digit adjusted EPS growth for fiscal 2025 compared to fiscal 2024, contingent on successful execution across various fronts [13]. Segment Performance - The Entertainment segment reported strong performance in the fiscal first quarter, generating $1.7 billion in operating income, a 95% increase year-over-year, but faces challenges in sustaining this momentum [5]. - The Experiences segment, including theme parks and cruise lines, is expected to incur over $40 million in pre-opening expenses for Disney Cruise Line, with total expenses projected to exceed $200 million for the fiscal year [7][8]. - The streaming services, particularly Disney+, are experiencing uncertainty with expected subscriber declines compared to the fiscal first quarter [9]. Strategic Developments - Disney's recent ventures into original programming for Disney+ and the acquisition of a 70% stake in Fubo introduce both strategic opportunities and execution risks, with regulatory approvals required for the Fubo transaction [10][11]. - The combination of Hulu+ Live TV assets with fuboTV adds complexity to integration efforts [10]. Valuation and Market Position - Disney shares have declined 16.9% year-to-date, underperforming the broader Zacks Consumer Discretionary sector [14]. - The company is trading at a forward 12-month P/S ratio of 1.72X, higher than the industry average of 1.39X, indicating a stretched valuation [16]. - Disney's debt stands at $45.3 billion, contrasting unfavorably with its cash and cash equivalents of $6 billion [16]. Investment Considerations - The premium valuation of Disney appears increasingly difficult to justify given the anticipated headwinds in the Sports segment, Cruise Line expenses, and subscriber challenges in streaming [19][20]. - Investors may consider reducing exposure to the stock ahead of the fiscal second-quarter results to mitigate potential risks associated with operational pressures [22].