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ViacomCBS (VIAC, $35.99) misses Q4 earnings estimates; changes name to Paramount
ViacomCBS VIAC shares fell Wednesday, after the media giant reported its fourth quarter earnings that fell short of analysts’ expectations. The company also announced its change of name to Paramount.
Viacom’s earnings for the quarter ended December came in at 26 cents per share, well below the Street forecasts.
Revenues rose +16% from the year-ago quarter to $8 billion. Streaming revenues were $1.33 billion while cable network revenues climbed +16.3% to $4 billon. Ad revenues were almost flat vs. last year at $2.6 billion.
ViacomCBS’s Paramount+ streaming service added 1 million subscribers in just a week in November following the release of adult drama “Mayor of Kingstown”, family movie “Clifford the Big Red Dog”, and concert event “Adele: One Night Only.” During the quarter, it added 9.4 million global streaming subscribers, taking its total count to 56 million subscribers.
The group will also officially change its name to Paramount today, with a new ticker symbol PARA to replace the existing VIAC on the Nasdaq.
ViacomCBS expects to have 100 million streaming subscribers by 2024, up from its prior forecast of around 70 million. The company plans to spend more than $6 billion a year on content. The company projects revenues of around $9 billion for 2024, up from a prior estimate of $6 billion
PARA's Indicator enters downward trend
The Aroon Indicator for PARA entered a downward trend on May 23, 2022. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 236 similar instances where the Aroon Indicator formed such a pattern. In 159 of the 236 cases the stock moved lower. This puts the odds of a downward move at 67%.
Current price $32.40 crossed the resistance line at $32.39 and is trading between $32.70 resistance and $32.39 resistance lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a +10% Uptrend. During the week of 05/19/22 - 05/26/22, the stock enjoyed a +0.56% Uptrend growth.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day Moving Average for PARA crossed bearishly below the 50-day moving average on April 25, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 7 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 54%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PARA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
PARA broke above its upper Bollinger Band on May 17, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PARA's RSI Indicator exited the oversold zone, 16 of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 57%.
The Momentum Indicator moved above the 0 level on May 17, 2022. You may want to consider a long position or call options on PARA as a result. In 53 of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 65%.
The Moving Average Convergence Divergence (MACD) for PARA just turned positive on May 17, 2022. Looking at past instances where PARA's MACD turned positive, the stock continued to rise in 25 of 45 cases over the following month. The odds of a continued upward trend are 56%.
Following a +1.89% 3-day Advance, the price is estimated to grow further. Considering data from situations where PARA advanced for three days, in 217 of 340 cases, the price rose further within the following month. The odds of a continued upward trend are 64%.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 67%. During the last month, the daily ratio of advancing to declining volumes was 1.36 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PARA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 69 (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 42 (best 1 - 100 worst), indicating steady price growth. PARA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 15 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 12 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.928) is normal, around the industry mean (4.853). P/E Ratio (5.537) is within average values for comparable stocks, (37.108). Projected Growth (PEG Ratio) (1.036) is also within normal values, averaging (3.786). Dividend Yield (0.030) settles around the average of (0.036) among similar stocks. P/S Ratio (0.750) is also within normal values, averaging (125.328).
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
The average market capitalization across the Movies/Entertainment Industry is 5.5B. The market cap for tickers in the group ranges from 1.3K to 185B. DIS holds the highest valuation in this group at 185B. The lowest valued company is XFCI at 1.3K.
The average weekly price growth across all stocks in the Movies/Entertainment Industry was -1.31%. For the same Industry, the average monthly price growth was -8.69%, and the average quarterly price growth was -3.91%. UMGP experienced the highest price growth at 31.93%, while XFCI experienced the biggest fall at -98.57%.
- 5/18/22 5:18 AM: Paramount Global (PARA, $32.32) was a top weekly gainer, with a +17.87% jump
- 4/21/22 5:15 AM: Paramount Global (PARA, $33.16) was a top loser this week, declining -8.5%
- 4/7/22 5:33 AM: Paramount Global (PARA, $35.85) was a top loser this week, declining -5.91%
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -33.09%. For the same stocks of the Industry, the average monthly volume growth was -6.21% and the average quarterly volume growth was 48.29%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the 15 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 33%. During the last month, the daily ratio of advancing to declining volumes was 1.09 to 1.
30 stocks in the group of tickers exhibit a similar positive trend based on the BollingerBands indicator with an average likelihood of 76%.
The most notable companies in this group are Comcast Corp (NASDAQ:CMCSA), Walt Disney Company (The) (NYSE:DIS), Netflix (NASDAQ:NFLX), Paramount Global (NASDAQ:PARA), Roku (NASDAQ:ROKU), AMC Entertainment Holdings (NYSE:AMC), HUYA (NYSE:HUYA), Eros STX Global Corp (NYSE:ESGC).
The average market capitalization across the group is 10.2B. The market cap for tickers in the group ranges from 0 to 197.7B. CMCSA holds the highest valuation in this group at 197.7B. The lowest valued company is STGZ at 0.
- 4/21/22 5:15 AM: Netflix (NFLX, $226.19) saw a $55.2B market cap decrease this week
The average weekly price growth across all stocks in the group was -0.28%. For the same group, the average monthly price growth was -9.61%, and the average quarterly price growth was 1.86%. HWAL experienced the highest price growth at 28.56%, while XFCI experienced the biggest fall at -98.59%.
- 5/25/22 7:32 AM: Cinemark Holdings (CNK, $15.05) was a top loser this week, declining -7.89%
- 5/25/22 7:32 AM: Technicolor ADS (TCLRY, $0.1) was a top weekly gainer, with a +21.95% jump
- 5/25/22 7:32 AM: Hollywall Entertainment (HWAL, $0.9) was a top weekly gainer, with a +28.56% jump
The average weekly volume growth across all stocks in the group was 217.48%. For the same stocks of the group, the average monthly volume growth was 83.77% and the average quarterly volume growth was 121.43%
- 5/20/22 5:22 AM: The volume for Genius Brands International stock increased for two consecutive days, resulting in a record-breaking daily growth of 1,020% of the 65-Day Volume Moving Average
- 5/19/22 8:18 AM: The volume for Genius Brands International stock increased for one day, resulting in a record-breaking daily growth of 1,826% of the 65-Day Volume Moving Average
- 5/12/22 5:32 AM: The volume for Hemisphere Media Group stock increased for two consecutive days, resulting in a record-breaking daily growth of 244% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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