Paramount Global (NASDAQ: PARA) has reported a loss for its third fiscal quarter (ending September 30) of $-0.01 versus $0.36 for the same period a year ago — a decline of -103%. This result fell short of the consensus estimate of $0.24 by $-0.25. E.P.S. were $-9.06 for the latest four quarters through September 30 versus $-2.33 for the same period a year ago.
Recent Price Action
Paramount Global (NASDAQ: PARA) stock declined by -4.0% on 11/8/24. The shares closed at $11.07. Moreover, trading volume in this decline was exceptionally high at 220% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PARA is expected to continue to be a modest Value Builder.
Paramount Global has a current Value Trend Rating of B (Positive). 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 97 but a slightly negative Power Rating of 32, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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