* Paramount Global reported quarterly adjusted earnings of 62 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 20 cents to 53 cents per share.
* Revenue rose 5.8% to $7.69 billion from a year ago; analysts expected $7.76 billion.
* Paramount Global's reported EPS for the quarter was a loss of 87 cents.
* The company reported a quarterly loss of $554 million.
* Paramount Global shares had risen by 2.5% this quarter and gained 13.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 7 "hold" and 4 "sell" or "strong sell."
* The average consensus recommendation for the broadcasting peer group is also "hold"
Wall Street's median 12-month price target for Paramount Global is $14.00 This summary was machine generated from LSEG data April 30 at 12:30 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.34 0.62 Beat
Dec. 31 2023 0.01 0.04 Beat
Sep. 30 2023 0.10 0.30 Beat
Jun. 30 2023 0.00 0.10 Beat
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