Back to top

Image: Bigstock

Viacom Inc.

Read MoreHide Full Article

Shares of Viacom have outperformed its industry in the past six months. The company's performance on the international front is impressive. We are also impressed by Viacom's efforts to revive its fortunes. Moreover, if the merger between Viacom and CBS materialize then the deal might benefit the former with cost synergies, among other factors. The positivity surrounding the stock is evident from the Zacks Consensus Estimate for second quarter fiscal 2018 being revised upward 11.3% in the last 60 days. However, declining domestic affiliate and advertisement revenues raise concerns. For 2018, the company expects domestic affiliate revenues to decline at the low end of mid-single-digits.

Published in