David Ellison and his leadership team at Paramount Skydance Corporation are putting the finishing touches on the inaugural quarterly earnings analysis since Skydance Media merged with Paramount Global.
On Friday, it became known when the Nasdaq-trading company will unveil the fiscal report card for the entity trading as “PSKY.”
The Q3 2023 results will arrive on Monday, November 10, and the company will conduct a conference call at 4:30pm Eastern to discuss the results.
With media reports focused on a rumored bid for Warner Bros. Discovery just weeks after gaining the FCC’s approval of the purchase of CBS News & Station’s parent, the current quarter is shaping up to be one of growth for Paramount Skydance.
Some 9 analysts reporting to Yahoo! Finance chimed in on revenue estimates, and the current consensus is for revenue in Q3 of $6.99 billion. This represents 3.9% growth on an apples-to-apples basis.
Meanwhile, 8 analysts offered a prediction on earnings per share, putting the EPS estimate at $0.40.
Shareholders in “PSKY” have enjoyed a robust two months, with shares up from $10.12 on August 11 to $16.88 as of 10:15am Eastern on Friday.
Yet, Argus Research on Monday initiated coverage of Paramount Skydance not with a Buy rating but with a “Hold,” becoming the eighth Wall Street watchdog to do so. Its target price on “PSKY” is $17.
