Paramount stock price forecast cross-market sentiment measures tied to

Cross-market sentiment measures tied to Nasdaq Media indices have historically anticipated swings in the Paramount stock price forecast, with correlation coefficients averaging 0.72 over the past two years. Analysts and investors alike will be keeping a close eye on the performance of Paramount Global-B in its upcoming earnings disclosure. The company's earnings report is set to go public on November 2, 2023. The company is predicted to post an EPS of $0.07, indicating an 82.05% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $7.17 billion, reflecting a 3.66% rise from the equivalent quarter last year. Meanwhile, UBS analyst John Hodulik also maintains a Sell rating on PARA and has a $10 price target. He has adjusted Paramount’s model estimates to reflect the disappointing box office performance of the latest Mission: Impossible release and consumers’ shifting preferences from traditional TV to online streaming. Currency fluctuations are part of the risk model in the Paramount stock price forecast. Approximately 18% of revenue is generated internationally, making FX movements significant for quarterly results.