What's the outlook for PARAA's future earnings?

**Paramount Global's future earnings outlook appears challenging.** Here's a detailed analysis: 1. **Recent Performance and Trends**: - Paramount Global's most recent report period is for Q4 2024, with earnings released on May 5, 2025. - The company reported a net loss of $222 million and total revenue of $7.98 billion for the same period. - The diluted EPS for the quarter was not provided, but the net income growth rate was -142.94%, indicating a significant decline from the previous year. |code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code| |---|---|---|---|---|---|---|---| |PARA|PARA.O|Paramount Global|2024 Q1|51.07913669064749|5.78114246386786|50|185| |PARA|PARA.O|Paramount Global|2024 Q2|-1763.4482758620688|-10.543592436974789|-1591.6666666666665|185| |PARA|PARA.O|Paramount Global|2024 Q3|-93.20388349514563|-5.635777372774429|-100|185| |PARA|PARA.O|Paramount Global|2024 Q4|-142.94003868471953|4.529981670594396||185| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |CMCSA|CMCSA.O|Comcast|2024 Q1|0.2654632333421821|3.777E9|185| |PARA|PARA.O|Paramount Global|2024 Q1|51.07913669064749|-5.44E8|185| |DIS|DIS.N|The Walt Disney|2024 Q1|58.045554739162384|2.151E9|169| |CMCSA|CMCSA.O|Comcast|2024 Q2|-8.3552160420148|3.839E9|185| |PARA|PARA.O|Paramount Global|2024 Q2|-1763.4482758620688|-5.404E9|185| |DIS|DIS.N|The Walt Disney|2024 Q2|-85.48387096774194|2.16E8|169| |CMCSA|CMCSA.O|Comcast|2024 Q3|-10.532899674756067|3.576E9|185| |PARA|PARA.O|Paramount Global|2024 Q3|-93.20388349514563|2.1E7|185| |DIS|DIS.N|The Walt Disney|2024 Q3|1957.5163398692812|2.842E9|169| |CMCSA|CMCSA.O|Comcast|2024 Q4|48.58864573422137|4.685E9|185| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |CMCSA|CMCSA.O|Comcast|2024 Q1|1.2360648007813815|3.0058E10|185| |PARA|PARA.O|Paramount Global|2024 Q1|5.78114246386786|7.685E9|185| |DIS|DIS.N|The Walt Disney|2024 Q1|0.15736645117386866|2.3549E10|169| |CMCSA|CMCSA.O|Comcast|2024 Q2|-2.703765608101465|2.9688E10|185| |PARA|PARA.O|Paramount Global|2024 Q2|-10.543592436974789|6.813E9|185| |DIS|DIS.N|The Walt Disney|2024 Q2|1.2285124914049965|2.2083E10|169| |CMCSA|CMCSA.O|Comcast|2024 Q3|6.491781504233771|3.207E10|185| |PARA|PARA.O|Paramount Global|2024 Q3|-5.635777372774429|6.731E9|185| |DIS|DIS.N|The Walt Disney|2024 Q3|3.6945812807881775|2.3155E10|169| |CMCSA|CMCSA.O|Comcast|2024 Q4|2.114996960291812|3.1914E10|185| |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |CMCSA|CMCSA.O|Comcast|2024 Q1|6.593406593406587|0.97|185| |PARA|PARA.O|Paramount Global|2024 Q1|50|-0.87|185| |DIS|DIS.N|The Walt Disney|2024 Q1|48.57142857142859|1.04|169| |CMCSA|CMCSA.O|Comcast|2024 Q2|-1.960784313725492|1|185| |PARA|PARA.O|Paramount Global|2024 Q2|-1591.6666666666665|-8.12|185| |DIS|DIS.N|The Walt Disney|2024 Q2|-101.44927536231884|-0.01|169| |CMCSA|CMCSA.O|Comcast|2024 Q3|-4.081632653061228|0.94|185| |PARA|PARA.O|Paramount Global|2024 Q3|-100|0|185| |DIS|DIS.N|The Walt Disney|2024 Q3|672|1.43|169| 2. **Analyst Ratings and Price Target**: - Deutsche Bank recently downgraded Paramount Global from "Buy" to "Hold" and cut the price target to $12, citing lower earnings expectations and risks to the advertising outlook. - UBS maintains a "Sell" rating with a price target of $11, anticipating challenges in core advertising and TV affiliate numbers. - The average analyst price target for Paramount Global is $14.67, with a consensus rating of "Strong Buy". 3. **Earnings Estimates for Fiscal 2025Q1**: - Estimates for Q1 2025 show an expected EPS of $0.39, indicating a potential increase from the previous year's EPS of $0.18. - The estimated revenue for the quarter is $7.19 billion, which is slightly below the previous year's revenue of $7.42 billion. 4. **Market Conditions and Management's Outlook**: - The broader media sector and Paramount's merger plans with TPG Capital's Temple Dance Studios are factors influencing the outlook. - Paramount Global has expressed optimism for a stronger second half of the year for EBITDA growth, despite a slight overall decline for the full year. In conclusion, while there are some positive indicators in the form of potential EPS growth and management's optimistic outlook, the overall tone of analyst ratings and the significant revenue and earnings declines in the recent past suggest that Paramount Global's future earnings outlook is cautious. The company will need to navigate challenges in the advertising and entertainment industries effectively to achieve sustained earnings growth.