ViacomCBS (VIAC) shares ended the final buying and selling session 10% increased at
ViacomCBS (VIAC) shares ended the final buying and selling session 10% increased at $94.94. The bounce got here on a powerful quantity with a higher-than-average variety of shares altering arms within the session. This compares to the inventory’s 50.8% acquire over the previous 4 weeks.
The upswing in share value got here as the corporate started buying and selling ex-dividend on Mar 12, 2021. A money dividend fee of 24 cents per share is scheduled to be paid out on Apr 1, 2021. Shareholders who bought shares of ViacomCBS previous to the ex-dividend date are eligible for the money dividend fee. ViacomCBS has maintained the identical dividend for six quarters now.
Value and Consensus
This firm is anticipated to publish quarterly earnings of $1.15 per share in its upcoming report, which represents a year-over-year change of +1.8%. Revenues are anticipated to be $7.29 billion, up 9.2% from the year-ago quarter.
Whereas earnings and income development expectations are essential in evaluating the potential energy in a inventory, empirical analysis exhibits a powerful correlation between developments in earnings estimate revisions and near-term inventory value actions.
For ViacomCBS, the consensus EPS estimate for the quarter has been revised 13.5% increased during the last 30 days to the present degree. And a constructive pattern in earnings estimate revision normally interprets into value appreciation. So, be sure to control VIAC going ahead to see if this current bounce can flip into extra energy down the highway.
The inventory at present carries a Zacks Rank 3 (Maintain). You’ll be able to see the whole record of at the moment’s Zacks Rank #1 (Sturdy Purchase) shares right here >>>>
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ViacomCBS Inc. (VIAC): Free Inventory Evaluation Report
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