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Current Events > Would it be a good idea to buy/watch the WWE stock tomorrow?

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Bad_Mojo
08/15/22 6:46:13 PM
#1:


  • Why tomorrow? WWE is going to announce their Q2 2022 Earnings
  • Interesting Fact 1 - The long term CEO and owner of the company is caught up in a scandal which he used company money as hush money to quite his affairs. There are two new CEOs now of this company, his daughter Steph and Nick Kahn, a titan in Hollywood and life-long friends of The Rock.
  • Interesting Fact 2 - The WWE wills report a big net profit because they always do. Q1 of 2022 - Revenue was $333.4 million, an increase of 27% and a quarterly record; Operating Income was $92.4 million, an increase of 42%; and Adjusted OIBDA1 was $111.7 million, an increase of 33% and a quarterly record
https://i.imgur.com/aSwMr0h.png

  • Interesting Fact 3 - The price of the stock seems to always go up after the Quarter reports, but I can't seem to prove this because I don't know a thing about stocks, lol

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#2
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Bad_Mojo
08/15/22 6:50:24 PM
#3:


[LFAQs-redacted-quote]


No, I want to buy as soon as I can tomorrow since the report will be positive. Well, the financial part of it. Wouldn't that make the price go up after it shows up much more income they brought in over 2021?

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HovaRex
08/15/22 6:51:05 PM
#4:


It's way overvalued rn. Like 20 points over. Wouldn't recommend buying.

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#5
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TheAttackTitan
08/15/22 9:02:58 PM
#6:


Yeah, you typically want to buy/sell the day before the earnings report comes out. Day of is often too late.
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MICHALECOLE
08/15/22 9:03:59 PM
#7:


Buy the rumor sell the news
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Bad_Mojo
08/16/22 1:03:27 PM
#8:


WWE announced the companys second quarter 2022 results earlier today. Per the results, WWE announced a 24% increase in revenue from the 2022 first quarter for a total of $328.2 million, thanks to WrestleMania 38. Operating Income for Q2 was $69.3 million, which saw an increase of 34%.

Returned capital to shareholders totaling $19.1 million, including share repurchases and dividends paid

Revenue was $328.2 million, an increase of 24%; Operating Income was $69.3 million, an increase of 50%; and Adjusted OIBDA was $91.5 million, an increase of 34%

Returned capital to shareholders totaling $19.1 million, including share repurchases and dividends paid

In February, the Company issued Adjusted OIBDA guidance of $360 $375 million for the full year 2022. Based on outperformance through the first six months of the year as well as managements current expectations for the second half of the year, the Company is raising its guidance and now expects full year 2022 Adjusted OIBDA within a range of $370 $385 million

Return of Capital to Shareholders
The Company returned $19.1 million to shareholders in the second quarter of 2022, consisting of $10.0 million in share repurchases and $9.1 million in dividends paid. Approximately 170,000 shares were repurchased at an average price of $58.70 per share during the second quarter. As of June 30, 2022, the Company had $210.9 million available under its existing $500 million stock repurchase authorization.

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