New York-based Paramount Global (PARA) is a media, streaming, and entertainment company that creates premium content and experiences for its audiences. Valued at a market cap of almost $7.3 billion, the company's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, and Comedy Central, to name a few. It is expected to announce its fiscal Q4 earnings results on Wednesday, Feb. 26.
Ahead of this event, analysts expect the communication services company to report a profit of $0.10 per share, up a stunning 150% from just $0.04 per share in the year-ago quarter. The company has a solid track record of consistently beating Wall Street's bottom-line estimates in the last four quarters. Its earnings of $0.49 per share in the previous quarter outpaced the consensus estimates by a significant margin of 104.2%.
