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ViacomCBS (VIAC) Stock Sinks As Market Gains: What You Should Know

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ViacomCBS (VIAC - Free Report) closed the most recent trading day at $42.80, moving -0.16% from the previous trading session. This change lagged the S&P 500's daily gain of 0.34%.

Heading into today, shares of the company had gained 2.86% over the past month, outpacing the Consumer Discretionary sector's loss of 0.3% and the S&P 500's gain of 2.71% in that time.

Investors will be hoping for strength from VIAC as it approaches its next earnings release. In that report, analysts expect VIAC to post earnings of $0.92 per share. This would mark a year-over-year decline of 26.4%. Meanwhile, our latest consensus estimate is calling for revenue of $6.44 billion, up 2.56% from the prior-year quarter.

VIAC's full-year Zacks Consensus Estimates are calling for earnings of $3.95 per share and revenue of $27.78 billion. These results would represent year-over-year changes of -5.95% and +7.1%, respectively.

Any recent changes to analyst estimates for VIAC should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. VIAC is currently a Zacks Rank #4 (Sell).

Digging into valuation, VIAC currently has a Forward P/E ratio of 10.86. For comparison, its industry has an average Forward P/E of 29.72, which means VIAC is trading at a discount to the group.

Also, we should mention that VIAC has a PEG ratio of 0.78. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Film and Television Production and Distribution stocks are, on average, holding a PEG ratio of 1.16 based on yesterday's closing prices.

The Film and Television Production and Distribution industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 41% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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