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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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 >>
Zacks 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.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
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 >>
Zacks 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.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>