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Thursday, September 21, 2023

ViacomCBS Inc. (NASDAQ:VIAC) on the Path to Profitability

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ViacomCBS Inc. (VIAC) shares are trading at higher $36.58 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $28.91.

To add more color to this target, the company’s high over the last year is $43.04 and the low is $10.10. Over the last 52 weeks, VIAC is down -10.26% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, VIAC reported a profit of $2.48 billion. ViacomCBS Inc. also saw revenues increase to $6.12 billion. In addition, VIAC has free cash flow of $2.35 billion as of 09-2020. The company’s EBITDA came in at $1.06 billion which compares well with its peers.

VIAC booked profit margins of 7.30%, its Return on Equity (ROE) is 18.80%, and its Return on Assets is 5.20%. All told, it is clear that, VIAC needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VIAC has a short ratio of 10.62 and outstanding shares of 616.00M.

Company Outlook

VIAC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 12.82 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 4.05. ViacomCBS Inc. VIAC also noted assets of $51.42 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VIAC has historically followed its peers on positive news.

All told, ViacomCBS Inc. VIAC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VIAC represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

ViacomCBS Inc. VIAC is now commanding a market cap of 22.48B and a float of 552.35M. VIAC is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VIAC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in VIAC, either long or short, and we have not been compensated for this article.

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