For the fiscal fourth quarter, Datadog is expected to post revenue of $449.34 million, up 2.9% sequentially and 37.7% higher year over year. Adjusted EPS are pegged at $0.19, down 17.7% sequentially and a penny lower year over year. For the full 2022 fiscal year, it is currently expected to report EPS of $0.91, up 89.3%, on sales of $1.65 billion, up 60.9%.
Datadog stock trades at 92.4 times expected 2022 earnings, 73.9 times estimated 2023 earnings of $1.14 and 54.3 times estimated 2024 earnings of $1.54 per share. The stock’s 52-week range is $61.34 to $175.89 The company does not pay a dividend, and the total shareholder return for the past year was negative 49.04%.
Paramount Global
Media giant Paramount Global (NASDAQ: PARA) has dropped more than 37% from its share price over the past 12 months. On Monday, the company fired roughly 120 employees as the Paramount+ cable network gets ready to roll out its merger with Showtime in a new package called catchily enough Paramount+ With Showtime. The company changed its name from ViacomCBS to Paramount Global almost exactly one year ago, and a 52-week high followed in late March. Since then, shares are down nearly 40%.
Analysts are losing patience with the stock. Of 28 brokerages covering the company, only seven have Buy or Strong Buy ratings, down from 13 of 28 in the prior quarter. The number of Sell or Strong Sell ratings has risen from eight to 12. At a price of almost $22.00, the shares trade above the median price target of $19.00. At the high target of $45,00, the upside potential is 104.5%.
Paramount is expected to post fourth-quarter revenue of $8.16 billion, up 18.1% sequentially and by 2.0% year over year. Adjusted EPS are forecast at $0.23, down 40.3% sequentially and down 11.5% year over year. For the full 2022 fiscal year, analysts are looking for EPS of $1.90, down 45.4% year over year, on revenue of $30.21 billion, up 5.7%.
The stock trades at 11.7 times expected 2022 EPS, 17.0 times estimated 2023 earnings of $1.30 and 11.3 times estimated 2024 earnings of $1.96 per share. Paramount’s 52-week range is $15.29 to $39.21. The company pays an annual dividend of $0.96 (yield of 4.45%). Total shareholder return for the past 12 months was negative 34.68%.
Originally published at 24/7 Wall St.
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