Warner Music Group Corp reports results for the quarter ended December 31 - Earnings Summary

• Warner Music Group Corp WMG.OQ reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 29 cents to 42 cents per share.

• Revenue fell 4.7% to $1.67 billion from a year ago; analysts expected $1.66 billion.

• Warner Music Group Corp's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $236 million.

• Warner Music Group Corp shares had risen by 3.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.9% in the last three months.​

• In the last 30 days, twelve analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 7 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the entertainment production peer group is also "buy"

Wall Street's median 12-month price target for Warner Music Group Corp is $35.00

This summary was machine generated from LSEG data February 6 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)