New York-based Paramount Skydance Corporation (PSKY) is a global media and entertainment company that produces, distributes, and streams film and television content. With a market cap of $11 billion, the company owns a portfolio of well-known brands, including Paramount Pictures, CBS, Nickelodeon, MTV, BET, Comedy Central, Paramount+, and Pluto TV. Its operations span television broadcasting, film and television production, and subscription and free ad-supported streaming services.
The global media and entertainment company is expected to announce its fiscal third-quarter earnings for 2026 in the near future. Ahead of the event, analysts expect PSKY to report a profit of $0.22 per share on a diluted basis, down 100% from the year-ago quarter. The company beat the consensus estimates in two of the last three quarters while missing the forecast on another occasion.
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For the current year, analysts expect PSKY to report EPS of $0.52, down 100% from fiscal 2025. However, its EPS is expected to rise 46.2% year over year to $0.76 in fiscal 2027.
www.barchart.comPSKY stock has plunged 48.8% over the past year, underperforming the S&P 500 Index’s ($SPX) 15.5% gains and the State Street Communication Services Select Sector SPDR ETF’s (XLC) 3.4% gains over the same time frame.
www.barchart.comParamount Skydance has recently completed its $81 billion acquisition of Warner Bros. Discovery, Inc. (WBD), combining two major Hollywood studios and expanding its portfolio of film franchises, streaming platforms, and news networks. The merged company, led by David Ellison and co-CEO Ynon Kreiz, is expected to generate nearly $70 billion in annual revenue but will carry an estimated $80 billion in net debt. The company also plans to release 30 films annually over the first two years after the merger, increasing to 32 films per year thereafter.
Analysts’ consensus opinion on PSKY stock is cautious, with a “Hold” rating overall. Out of 22 analysts covering the stock, two advise a “Strong Buy” rating, one suggests a “Moderate Buy,” 12 give a “Hold,” one advocates a “Moderate Sell,” and six recommend a “Strong Sell.” PSKY’s average analyst price target is $10.53, indicating a potential upside of 7.8% from the current levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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