Paramount Global (NASDAQ: PARA) has reported E.P.S. of $0.36 for its third fiscal quarter (ending September 30) versus $0.21 for the same period a year ago — an increase of 71%. Relative to the consensus estimate of $0.11, this was a premium of $0.25. For the latest four quarters through September 30, E.P.S. were $-2.33 compared to $4.42 a year ago — a decline of -153%.
Recent Price Action
On 11/2/23, Paramount Global (NASDAQ: PARA) stock enjoyed a major increase of 10.4%, closing at $11.92. The stock has risen 9.0% during the last week but has been extremely 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Paramount Global has a very high Appreciation Score of 98 but a very low Power Rating of 0, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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