Analysts remain bullish on Constellation Energy. Of 12 firms covering it, nine rate the shares at Buy or Strong Buy. The other three have Hold ratings. At a share price of around $77.00, the upside potential is 24.7% at the consensus price target of $96.00 and around 49.4% at the high target of $115.00.
For the first quarter, Exelon is expected to report revenue of $5.73 billion, down 21.9% sequentially but up 2.5% year over year. Adjusted EPS are forecast at $0.95, up about 450% sequentially and down 47.5% year over year. For the 2023 fiscal year, consensus estimates call for EPS of $3.90, down 7.2%, on sales of $23.27 billion, down 4.8%.
Constellation Energy stock trades at 19.7 times expected 2023 EPS, 15.7 times estimated 2024 earnings of $4.90 and 13.9 times estimated 2025 earnings of $5.53 per share. Its 52-week range is $52.64 to $97.89. The company pays an annual dividend of $1.13 (yield of 1.46%). Total shareholder return for the past 12 months was 31%.
Paramount Global
Media giant Paramount Global (NASDAQ: PARA) has lost almost 22% from its share price over the past 12 months, including a year-to-date increase of almost 35%. The company, formerly known as ViacomCBS, owns CBS, Showtime, Comedy Central and other networks. The company’s Paramount+ streaming service counted 56 million subscribers at the end of December, well below rivals like Netflix (231 million) or Disney’s 235 million across Disney+, ESPN+ and Hulu. Subscriber numbers need to show growth, and ad revenue needs to improve faster.
Of 28 brokerages covering the company, only seven have Buy or Strong Buy ratings, the same number as in the previous quarter. The number of Sell or Strong Sell ratings has risen from 12 to 13 in that time. At a share price of around $22.80, the shares trade above the median price target of $19.00. At the high target of $40.00, the upside potential is 75.4%.
Paramount is expected to post first-quarter revenue of $7.42 billion, down 8.7% sequentially but up 1.2% year over year. Adjusted EPS are forecast at $0.18, up nearly 125% sequentially and down 70% year over year. For the full 2023 fiscal year, analysts are looking for EPS of $0.80, down 53.5% year over year, on revenue of $30.84 billion, up 2.3%.
The stock trades at 28.9 times expected 2023 EPS, 14.1 times estimated 2024 earnings of $1.63 and 10.8 times estimated 2025 earnings of $2.13 per share. Paramount’s 52-week range is $15.29 to $34.50. The company pays an annual dividend of $0.96 (yield of 4.1%). Total shareholder return for the past 12 months was negative 18.02%.
Originally published at 24/7 Wall St.
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