Viacom Inc. a leading entertainment content company that operates primarily in the U.S. and Europe. The company offers many of the world’s best known entertainment brands through television, motion picture, Internet, mobile and video game platforms.
Viacomhas a healthy track record with respect to earnings. The company has delivered positive earnings surprises in three of the last four quarters, with an average beat of 1.85%.
Currently, Viacom has a Zacks Rank #3 (Hold), but that could definitely change following Viacom’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Viacom’s first quarter fiscal 2017 earnings (on an adjusted basis) of $1.04 per share beat the Zacks Consensus Estimate of 82 cents. Earnings declined 12% on a year-over-year basis.
Revenue: Viacom reported revenues of $3,324 million which surpassed the Zacks Consensus Estimate of $3,200.9 million. Revenues increased 5% on a year-over-year basis.
Key Stats to Note: Quarterly adjusted operating income fell 11% year over year. Revenues in the Media Networks segment increased 1% while the same at the Filmed Entertainment segment climbed 24%. Higher theatrical revenues boosted the Filmed Entertainment unit. Viacom, as part of a new strategic plan, intends to focus on six of its core brands- BET, Comedy Central, MTV, Nickelodeon, Nick Jr. and Paramount
Check back later for our full write up on this Viacom earnings report later!
Zacks' Top 10 Stocks for 2017
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Viacom (VIAB) Beats on Q1 Earnings
Viacom Inc. a leading entertainment content company that operates primarily in the U.S. and Europe. The company offers many of the world’s best known entertainment brands through television, motion picture, Internet, mobile and video game platforms.
Viacomhas a healthy track record with respect to earnings. The company has delivered positive earnings surprises in three of the last four quarters, with an average beat of 1.85%.
Currently, Viacom has a Zacks Rank #3 (Hold), but that could definitely change following Viacom’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Viacom’s first quarter fiscal 2017 earnings (on an adjusted basis) of $1.04 per share beat the Zacks Consensus Estimate of 82 cents. Earnings declined 12% on a year-over-year basis.
Viacom Inc. Price and EPS Surprise
Viacom Inc. Price and EPS Surprise | Viacom Inc. Quote
Revenue: Viacom reported revenues of $3,324 million which surpassed the Zacks Consensus Estimate of $3,200.9 million. Revenues increased 5% on a year-over-year basis.
Key Stats to Note: Quarterly adjusted operating income fell 11% year over year. Revenues in the Media Networks segment increased 1% while the same at the Filmed Entertainment segment climbed 24%. Higher theatrical revenues boosted the Filmed Entertainment unit. Viacom, as part of a new strategic plan, intends to focus on six of its core brands- BET, Comedy Central, MTV, Nickelodeon, Nick Jr. and Paramount
Check back later for our full write up on this Viacom earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>