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Your Two Minute Earnings Preview for Viacom (VIAB) Stock
Today’s quick video takes a closer look at Viacom stock ahead of its earnings report. The company has seen some very sluggish trading as of late thanks to growing questions over the health of the media world, so the coming earnings release will certainly be closely watched by investors.
This is especially true considering that the media segment has a bottom 25% industry rank, while VIAB has a VGM score of ‘D’. However, there are some reasons to be hopeful for VIAB heading into its release, namely its rising Zacks Rank which recently saw an upgrade.
Additionally, mergers and acquisitions are likely to weigh on this company and the report more than anything, so investors might be willing to overlook the report if there is a tie-up on the horizon. This could be good news, as we can see in the chart below that shares have been under pressure while earnings estimates have been tumbling too, so good news may have to come from elsewhere for this media giant.
VIACOM INC-B Price, Consensus and EPS Surprise
VIACOM INC-B Price, Consensus and EPS Surprise | VIACOM INC-B Quote
Viacom reports on November 9th before the bell, and we are looking for earnings of 65 cents per share. Make sure to watch the video for a quick guide to VIAB heading into the report, but if you want to learn more about trading in earnings season, check out our Zacks Live Trader below for additional information: