In the latest trading session, ViacomCBS closed at $34, marking a +1.77% move from the previous day. This move outpaced the S&P 500's daily loss of 0.37%.
Prior to today's trading, shares of the company had lost 5.59% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 9.43% and the S&P 500's loss of 6.01% in that time.
Wall Street will be looking for positivity from ViacomCBS as it approaches its next earnings report date. This is expected to be February 15, 2022. On that day, ViacomCBS is projected to report earnings of $0.38 per share, which would represent a year-over-year decline of 63.46%. Meanwhile, our latest consensus estimate is calling for revenue of $7.47 billion, up 8.66% from the prior-year quarter.
Any recent changes to analyst estimates for ViacomCBS should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 1.1% lower. ViacomCBS is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note ViacomCBS's current valuation metrics, including its Forward P/E ratio of 9.14. This valuation marks a discount compared to its industry's average Forward P/E of 26.94.
It is also worth noting that VIAC currently has a PEG ratio of 0.65. 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. VIAC's industry had an average PEG ratio of 1.19 as of yesterday's close.
The Film and Television Production and Distribution industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 18% 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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ViacomCBS (VIAC) Gains As Market Dips: What You Should Know
In the latest trading session, ViacomCBS closed at $34, marking a +1.77% move from the previous day. This move outpaced the S&P 500's daily loss of 0.37%.
Prior to today's trading, shares of the company had lost 5.59% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 9.43% and the S&P 500's loss of 6.01% in that time.
Wall Street will be looking for positivity from ViacomCBS as it approaches its next earnings report date. This is expected to be February 15, 2022. On that day, ViacomCBS is projected to report earnings of $0.38 per share, which would represent a year-over-year decline of 63.46%. Meanwhile, our latest consensus estimate is calling for revenue of $7.47 billion, up 8.66% from the prior-year quarter.
Any recent changes to analyst estimates for ViacomCBS should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 1.1% lower. ViacomCBS is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note ViacomCBS's current valuation metrics, including its Forward P/E ratio of 9.14. This valuation marks a discount compared to its industry's average Forward P/E of 26.94.
It is also worth noting that VIAC currently has a PEG ratio of 0.65. 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. VIAC's industry had an average PEG ratio of 1.19 as of yesterday's close.
The Film and Television Production and Distribution industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 18% 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.