Paramount Global (NASDAQ: PARA) has reported E.P.S. of $-0.02 for its fourth fiscal quarter (ending December 31) versus $-0.29 for the same period a year ago. Relative to the consensus estimate of $-0.00, this was a shortfall of $-0.02. For the latest four quarters through December 31, E.P.S. were $-2.06 compared to $1.03 a year ago — a decline of -300%.
Recent Price Action
Paramount Global (NASDAQ: PARA) stock closed at $11.06 on 2/28/24 after a modest decline of -1.7%. Moreover, unusually high trading volume at 172% of normal accompanied the decline. The stock has declined -7.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PARA is expected to continue to be a modest Value Builder.
Paramount Global has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Paramount Global has a very high Appreciation Score of 98 but a poor Power Rating of 17, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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