Viacom is slated to report fourth-quarter fiscal 2018 results on Nov 16.
Notably, Viacom beat the Zacks Consensus Estimate in three of the trailing four quarters, with the average positive earnings surprise being 6.07%. In the last reported quarter, the company’s earnings of $1.18 per share beat the Zacks Consensus Estimate by 11 cents.
Viacom’s top line beat the consensus mark in two of the trailing four quarters. In the last reported quarter, revenues of $3.24 billion lagged the Zacks Consensus Estimate of $3.27 billion.
However, projections for fourth-quarter fiscal 2018 look encouraging. The Zacks Consensus Estimate for fourth-quarter earnings of 95 cents per share indicates an increase of 23.4% year over year. The consensus estimate for sales is pegged at $3.34 billion, indicating year-over-year increase of 0.6%.
Let’s see how things are shaping up prior to this announcement.
Will Paramount Continue its Profit Streak?
The turnaround of Paramount with its continued box office success is benefiting Viacom. In third-quarter fiscal 2018, A Quiet Place and Book Club significantly contributed to the domestic box office. Together both the films earned more than $250 million, with a production and acquisition cost of about $30 million.
Given the success of Mission Impossible: Fallout, released during fourth-quarter fiscal 2018, Paramount’s profits are likely to rise. Notably, the movie collected nearly $330 million globally in its first two weekends in many key markets including China.
Further, Paramount TV’s launch of Tom Clancy’s Jack Ryan on Amazon‘s (AMZN - Free Report) Prime and Maniac on Netflix (NFLX - Free Report) is expected to boost Licensing revenues in fourth-quarter fiscal 2018.
Notably, in third-quarter fiscal 2018, Paramount Television content including the second season of 13 Reasons Why and The Alienist substantially benefited Licensing revenues, which increased 35% year over year to $404 million. Moreover, Paramount TV is expected to generate revenues of $400 million in fiscal 2018.
Viacom Inc. Price and EPS Surprise
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 is slated to report fourth-quarter fiscal 2018 results on Nov 16.
Notably, Viacom beat the Zacks Consensus Estimate in three of the trailing four quarters, with the average positive earnings surprise being 6.07%. In the last reported quarter, the company’s earnings of $1.18 per share beat the Zacks Consensus Estimate by 11 cents.
Viacom’s top line beat the consensus mark in two of the trailing four quarters. In the last reported quarter, revenues of $3.24 billion lagged the Zacks Consensus Estimate of $3.27 billion.
However, projections for fourth-quarter fiscal 2018 look encouraging. The Zacks Consensus Estimate for fourth-quarter earnings of 95 cents per share indicates an increase of 23.4% year over year. The consensus estimate for sales is pegged at $3.34 billion, indicating year-over-year increase of 0.6%.
Let’s see how things are shaping up prior to this announcement.
Will Paramount Continue its Profit Streak?
The turnaround of Paramount with its continued box office success is benefiting Viacom. In third-quarter fiscal 2018, A Quiet Place and Book Club significantly contributed to the domestic box office. Together both the films earned more than $250 million, with a production and acquisition cost of about $30 million.
Given the success of Mission Impossible: Fallout, released during fourth-quarter fiscal 2018, Paramount’s profits are likely to rise. Notably, the movie collected nearly $330 million globally in its first two weekends in many key markets including China.
Further, Paramount TV’s launch of Tom Clancy’s Jack Ryan on Amazon‘s (AMZN - Free Report) Prime and Maniac on Netflix (NFLX - Free Report) is expected to boost Licensing revenues in fourth-quarter fiscal 2018.
Notably, in third-quarter fiscal 2018, Paramount Television content including the second season of 13 Reasons Why and The Alienist substantially benefited Licensing revenues, which increased 35% year over year to $404 million. Moreover, Paramount TV is expected to generate revenues of $400 million in fiscal 2018.
Viacom Inc. Price and EPS Surprise
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 >>
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