Streetbeat News

PGRE

Paramount Group, Inc.

Industry

REIT - Office

Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

Open

4.72

Mkt cap

Volume

891K

High

4.77

P/E Ratio

-4.80

52-wk high

5.92

Low

4.70

Div yield

0.02

52-wk low

4.21

Paramount Global (PARAA) reported Q3 earnings of $0.49 per share, surpassing the Zacks Consensus Estimate of $0.40 per share and improving from $0.30 per share a year ago.

Portfolio Pulse from

November 08, 2024 | 2:30 pm

Paramount's earnings fell short of estimates due to weak film and TV revenue, despite gains in streaming. The company anticipates completing its merger with Skydance by the first half of 2025.

Portfolio Pulse from

November 08, 2024 | 1:45 pm

Paramount's earnings report highlights growth in its streaming segment, leading to a rise in its stock price. Despite this, the company's shares have fallen 22% this year, underperforming the S&P 500, which has risen 25%.

Portfolio Pulse from

November 08, 2024 | 1:30 pm

Paramount Global announced its third quarter earnings results for the period ending September 30, 2024.

Portfolio Pulse from

November 08, 2024 | 12:15 pm

Paramount Global reported a 6% decline in Q3 revenues to $6.73 billion, despite adding 3.5 million streaming subscribers and increasing adjusted earnings per share to 49 cents. The company highlights subscription growth and cost reductions as positive indicators.

Portfolio Pulse from

November 08, 2024 | 12:15 pm

Paramount Global-B (PARA) is highlighted as a strong value stock according to Zacks Style Scores, a feature of the Zacks Premium research service. This suggests potential for positive performance based on value investing criteria.

Portfolio Pulse from

November 07, 2024 | 4:00 pm

Paramount Global is set to report its Q3 earnings, with expectations of positive performance driven by an expanding clientele and growing streaming services, despite ongoing inflation challenges.

Portfolio Pulse from

November 06, 2024 | 7:00 pm

Paramount Group has raised its FY2024 FFO guidance from $0.76-0.80 to $0.78-0.80, aligning with the analyst estimate of $0.78.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:07 pm

Paramount Group (NYSE:PGRE) reported Q3 2024 earnings of $0.19 per share, surpassing the analyst estimate of $0.18. Sales reached $194.899 million, exceeding the expected $176.890 million and marking a 3.02% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:58 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.