Paramount stock price forecast current market sentiment around the

Current market sentiment around the Paramount stock price forecast remains cautiously optimistic. With shares recently trading near $13.85, technical indicators such as the 50-day SMA crossing above the 200-day could signal a bullish trend, assuming quarterly earnings beat consensus by over 5%. Any recent changes to analyst estimates for Paramount Global-B should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. A fast-growing streaming unit is being held back by a declining TV business. Q2 direct-to-consumer revenue growth, which includes streaming, was 15% year-over-year with Paramount+, the company’s crown jewel, delivering gains of 23%. However, legacy TV Media revenue dropped 6%, while a strong showing at the box office from “Mission Impossible: The Final Reckoning” was offset by lower licensing of anime content, and the end result was 1% year-over-year revenue growth throughout the company. The fundamental-driven Paramount stock price forecast factors in a projected EPS of $0.32 for Q2, which, if met, would mark a 12% increase YoY and could justify a forward P/E re-rating towards industry averages.