From Nasdaq:



Paramount Global-B (PARA) stock saw a -0.46% movement compared to the previous day’s market close, reaching $15. The upcoming earnings release of PARA will be of interest to investors, as the projected EPS is -$0.04 and the estimated revenue is $7.8 billion. Analysts’ estimate modifications and Zacks Rank indicate the stock price performance, and currently, PARAMOUNT Global-B has a Zacks Rank of #3 (Hold). In terms of valuation, PARA is trading at a Forward P/E ratio of 28.36 and a PEG ratio of 3.78. The Media Conglomerates industry has an average PEG ratio of 2.27. The Zacks Industry Rank for the Media Conglomerates industry is 182, placing it in the bottom 28% of all 250+ industries. The Zacks Industry Rank is an indicator of industry strength, and it’s been shown that the top 50% rated industries outperform the bottom half by 2 to 1. If you follow PARA in the coming trading sessions, you should utilize Zacks.com. Zacks is also naming their top 10 stocks for 2024, and their Director of Research will release these picks on January 2. If you’re interested in getting early access to these stocks, you can register through the provided link.



Original: Paramount Global-B (PARA) Stock Sinks As Market Gains: Here’s Why