World Wrestling Entertainment, Inc. First Quarter Earnings Sneak Peek

World Wrestling Entertainment, Inc. (NYSE:WWE) will unveil its latest earnings on Thursday, May 3, 2012. World Wrestling Entertainment is engaged in the development, production and marketing of television and pay-per-view event programming and live events, and the licensing and sale of consumer products featuring its World Wrestling Entertainment brands.

World Wrestling Entertainment, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 5 cents per share, a decline of 66.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 16 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 5 cents during the last month. For the year, analysts are projecting profit of 39 cents per share, a decline of 32.8% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 2 cents per share against a mean estimate of 11 cents. Two quarters ago, it beat expectations by 4 cents with profit of 19 cents.

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Wall St. Revenue Expectations: On average, analysts predict $113.7 million in revenue this quarter, a decline of 5.1% from the year-ago quarter. Analysts are forecasting total revenue of $486.1 million for the year, a rise of 0.5% from last year’s revenue of $483.9 million.

Analyst Ratings: Analysts seem relatively indifferent about World Wrestling Entertainment with five of five analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $8.6 million (12 cents a share) from a profit of $8.1 million (11 cents) a year earlier, missing analyst expectations. Revenue fell 7.8% to $112.9 million from $122.5 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 1% in the third quarter of the last fiscal year and dropped again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 1, 2012 and April 27, 2012, the stock price fell $1.62 (-17%), from $9.55 to $7.93. The stock price saw one of its best stretches over the last year between January 30, 2012 and February 3, 2012, when shares rose for five straight days, increasing 4.8% (+45 cents) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 8.5% (-83 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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