New York-based Paramount World (PARA) is a number one media, streaming, and leisure firm providing tv, movie manufacturing, and digital content material throughout numerous international platforms. With a market cap of $8.8 billion, the corporate owns a various portfolio of leisure manufacturers and supplies streaming providers, together with Paramount+, Pluto TV, BET+, and Noggin. The leisure large is anticipated to announce its fiscal second-quarter earnings for 2025 on Thursday, Aug. 14.
Forward of the occasion, analysts anticipate PARA to report a revenue of $0.37 per share on a diluted foundation, down 31.5% from $0.54 per share in the identical quarter final yr. The corporate beat the consensus estimates in three of the final 4 quarters whereas lacking the forecast on one other event.
For the total yr, analysts anticipate PARA to report EPS of $1.30, down 15.6% from $1.54 in fiscal 2024. Nevertheless, its EPS is anticipated to rise 25.4% yr over yr to $1.63 in fiscal 2026.
PARA inventory has barely outperformed the S&P 500 Index’s ($SPX) 13.4% good points over the previous 52 weeks, with shares up 13.6% throughout this era. Nevertheless, it underperformed the Communication Providers Choose Sector SPDR ETF’s (XLC) 26.2% uptick over the identical timeframe.
PARA’s robust efficiency might be attributed to constructive expectations for the upcoming launch of Mission Unimaginable – The Last Reckoning and the affirmation of the $8 billion Skydance merger closing within the first half of 2025, which boosted investor morale.
On Might 8, PARA shares closed up by 1% after reporting its Q1 outcomes. Its income stood at $7.2 billion, down 6.4% yr over yr. The corporate’s adjusted EPS declined 53.2% yr over yr to $0.29.
Analysts’ consensus opinion on PARA inventory within reason bearish, with an general “Reasonable Promote” score. Out of 23 analysts masking the inventory, two advise a “Robust Purchase” score, 12 give a “Maintain,” and 9 suggest a “Robust Promote.” Whereas PARA at present trades above its imply worth goal of $11.67, the Avenue-high worth goal of $16 suggests an upside potential of twenty-two%.
On the date of publication, Neha Panjwani didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions. This text was initially printed on Barchart.com
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