Countdown to Paramount Global-B (PARA) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

Analysts on Wall Street project that Paramount Global-B (PARA) will announce quarterly earnings of $0.24 per share in its forthcoming report, representing a decline of 20% year over year. Revenues are projected to reach $6.92 billion, declining 3% from the same quarter last year.Over the last 30 days, there has been an upward revision of 3.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.Given this perspective, it's time to examine the average forecasts of specific Paramount Global-B metrics that are routinely monitored and predicted by Wall Street analysts.Analysts' assessment points toward 'Revenues- Filmed Entertainment' reaching $666.83 million. The estimate suggests a change of -25.2% year over year.According to the collective judgment of analysts, 'Revenues- TV Media' should come in at $4.32 billion. The estimate suggests a change of -5.4% year over year.Based on the collective assessment of analysts, 'Revenues- Direct-to-Consumer' should arrive at $1.87 billion. The estimate indicates a change of +10.7% from the prior-year quarter.It is projected by analysts that the 'Revenues- Direct-to-Consumer- Advertising' will reach $499.15 million. The estimate suggests a change of +16.1% year over year.The consensus among analysts is that 'Revenues- Affiliate and subscription fees' will reach $3.23 billion. The estimate suggests a change of -1% year over year.The combined assessment of analysts suggests that 'Revenues- Filmed Entertainment- Advertising' will likely reach $5.01 million. The estimate points to a change of +0.2% from the year-ago quarter.Analysts predict that the 'Revenues- Filmed Entertainment- Theatrical' will reach $142.91 million. The estimate indicates a year-over-year change of -62.1%.The average prediction of analysts places 'Revenues- Filmed Entertainment- Licensing and Other' at $509.80 million. The estimate indicates a year-over-year change of +0.2%.The collective assessment of analysts points to an estimated 'Revenues- TV Media- Licensing and other' of $856.63 million. The estimate points to a change of -0.4% from the year-ago quarter.Analysts expect 'Revenues- TV Media- Affiliate and subscription' to come in at $1.85 billion. The estimate points to a change of -7.5% from the year-ago quarter.Analysts forecast 'Revenues- TV Media- Advertising' to reach $1.61 billion. The estimate indicates a year-over-year change of -5.2%.The consensus estimate for 'Global Paramount Subscribers' stands at 70.53 million. Compared to the present estimate, the company reported 63 million in the same quarter last year.View all Key Company Metrics for Paramount Global-B here>>>Shares of Paramount Global-B have experienced a change of +3.3% in the past month compared to the -0.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), PARA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Paramount Global (PARA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks