* Paramount Global reported quarterly adjusted earnings of 49 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 30 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 14 cents to 34 cents per share.
* Revenue fell 5.6% to $6.73 billion from a year ago; analysts expected $6.96 billion.
* Paramount Global's reported EPS for the quarter was breakeven results.
* The company reported quarterly net income of $1 million.
* Paramount Global shares had risen by 0.8% this quarter and gained 12.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 3.2% 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 3 "strong buy" or "buy," 8 "hold" and 5 "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 $11.50 This summary was machine generated from LSEG data November 8 at 04:14 p.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
Sep. 30 2024 0.12 0.49 Beat
Jun. 30 2024 0.12 0.54 Beat
Mar. 31 2024 0.34 0.62 Beat
Dec. 31 2023 0.01 0.04 Beat
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