Paramount Global (NASDAQ:PARA) has a beta value of 1.76 and has seen 6.39 million shares traded in the recent trading session. The company, currently valued at $8.35B, closed the recent trade at $12.53 per share which meant it gained $0.62 on the day or 5.20% during that session. The PARA stock price is -91.54% off its 52-week high price of $24.00 and 19.23% above the 52-week low of $10.12. The 3-month trading volume is 20.55 million shares.

Paramount Global (NASDAQ:PARA) trade information

Sporting 5.20% in the green today, the stock has traded in the green over the last five days, when the PARA stock price touched $12.53 or saw a rise of 3.47%. Year-to-date, Paramount Global shares have moved -15.29%, while the 5-day performance has seen it change 1.20%. Over the past 30 days, the shares of Paramount Global (NASDAQ:PARA) have changed 6.45%.

Paramount Global (PARA) estimates and forecasts

Figures show that Paramount Global shares have outperformed across the wider relevant industry. The company’s shares have gained 14.94% over the past 6 months, with this year growth rate of 128.85%, compared to 3.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 300.00% and 10.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 3.80%.

23 analysts offering their estimates for the company have set an average revenue estimate of $7.73 billion for the current quarter. 21 have an estimated revenue figure of $7.38 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $7.26 billion and $7.62 billion respectively for this quarter and the next, and analysts expect sales will grow by 6.40% for the current quarter and -3.10% for the next.

Earnings growth for 2024 is a modest 112.85% while over the next 5 years, the company’s earnings are expected to increase by 54.87%.

PARA Dividends

Paramount Global is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.20 at a share yield of 1.60%. The company’s dividend yield has gone up over the past 12 months.