WWE's Recent Revenue Slip Earns The Company Stock A "Strong Sell" Recommendation

Written by Richard Gray on Sep 2, 2010 - 1:42:01 PM

The recent financial downturn in WWE has got the company's stock listed as a "strong sell" reccomendation on the stock research site Zacks.com. The website says the following about the stock:

World Wrestling Entertainment, Inc. (WWE - Snapshot Report) reported second-quarter earnings of 8 cents per share on Aug 5, which came in behind the Zacks Consensus Estimate of 14 cents. The full - year average forecast reduced 10 cents to 71 cents for 2010 in the past 30 days as all 6 covering analysts lowered expectations. Next year's estimate also slid 8 cents to 80 cents per share during that time.

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