WWE Stock Forecast: 59.41% Gain In One Month

WWE Stock ForecastWWE Stock Forecast

World Wrestling Entertainment, Inc. (WWE) was a stock pick based
on predictive algorithm recommended to I Know First subscribers on January 25th for the 1-months time horizon in the “Financial Forecasting Techniques Using Algorithms” forecast. WWE had a signal of 148.69 and a predictability of -0.15. In accordance with the algorithm, the company reported short-term capital gains of 59.41%.

World Wrestling Entertainment, Inc. was part of the stock forecast that can be found in the “Best Small Caps Stocks” Package.

This stock market forecast includes the best stocks determined by the algorithm with a market capitalization of less than a billion dollars.

  • 10 Best Small Cap stocks for the long position
  • 10 Best Small Cap stocks for the short position

WWE Stock Forecast

World Wrestling Entertainment, Inc. (WWE) is an integrated media and entertainment company. The Company develops content via television, online and at its live events. The company’s operations include four business segments: Live and Televised Entertainment, Consumer Products, Digital Media and WWE Studios.

The sports entertainment company has recently reached the 1 million subscriber milestone 11 months after its launch, making the WWE Network the “fastest-growing digital subscription service,” according to the company. WWE attributed the recent increase of subscribers to its successful free November promotion, the launch of the service in the U.K., and “significant additions” for its Royal Rumble pay-per-view event.

Additionally, WWE’s fourth-quarter revenue grew 19% year over year to reach $140.5 million for the quarter, and its adjusted net loss also narrowed from $0.10 per share in the year-ago quarter to $0.01 per share today. Both results beat Wall Street’s expectations, which had sought $135.7 million in revenue and a loss of $0.08 per share.