Paramount Global reports results for the quarter ended December 31 - Earnings Summary

• Paramount Global PARA.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from -5 cents to 24 cents per share.

• Revenue rose 4.5% to $7.98 billion from a year ago; analysts expected $8.09 billion.

• Paramount Global's reported EPS for the quarter was a loss of 33 cents​.

• The company reported a quarterly loss of $224 million.

• Paramount Global shares had risen by 9.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 10 "hold" and 10 "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 $11.00

This summary was machine generated from LSEG data February 26 at 10:01 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)