Nickelodeon Studios and Paramount+ have announced that they will release “Good Burger 2”, a long-awaited sequel to the iconic ’90s movie. The original stars, Kenan Thompson and Kel Mitchell will return to reprise their roles as Dex and Ed, respectively. The film will follow Dex and Ed today as they work with a new group of employees at Good Burger.
Production for “Good Burger 2” is scheduled to start in May, and the premiere is set for later this year, exclusively on Paramount+. The original sketch aired in 1994 on “All That,” and Paramount Pictures released the feature film in 1997. The film was a commercial success; fans have been clamoring for a sequel for years.
The movie is written by Kevin Kopelow & Heath Seifert, with Phil Traill directing. James III will also be joining the team as a writer. Shauna Phelan and Zack Olin, Co-Heads of Nickelodeon & Awesomeness Live-Action, will produce the film. Brittany Cope will serve as the Executive in Charge of Production for Nickelodeon.
Fans of the original film are excited to see what adventures Dex and Ed will embark on in “Good Burger 2”. The movie promises to bring plenty of comedy, cameos, and Easter eggs from the original and is sure to please both fans of the original and a new generation of viewers.
Paramount Global Stock Performance
According to the information provided, PARA stock, which operates in the broadcasting industry, experienced a decline in trading on March 17, 2023. The stock closed at $19.73 the day before but opened at $19.63 on March 17. The day’s range was between $19.46 and $19.86, with a volume of 933,781 shares traded, much lower than the average volume of the last three months, 12,404,655 shares traded. The market capitalization of PARA stands at $12.1 billion.
When it comes to growth and valuation, PARA seems to be struggling. The company’s earnings growth in the last year has been -77.04%, and in the current year, it has been -47.39%. However, analysts are forecasting earnings growth of +8.76% over the next five years, which may signal that PARA could be on the path to recovery. On the other hand, revenue growth was positive last year, with a growth rate of +5.49%. The P/E ratio for PARA stands at 19.1, which aligns with industry averages. In contrast, the price/sales and price/book ratios are lower than industry averages, indicating that the company may be undervalued.
Regarding competitors, FOXA, FWONK, FOXT, and NXST are all broadcasting companies. On March 17, FOXA and FOXT declined in stock prices, decreasing by -0.70% and -0.43%, respectively, while FWONK declined by -0.65%. NXST, on the other hand, had a significant decrease of -3.04%.
PARA’s financials indicate that the next reporting date is May 2, 2023, and analysts forecast that the company will have earnings per share (EPS) of $0.19 for the current quarter. PARA’s annual revenue for last year was $30.2 billion, with a yearly profit of $1.1 billion, resulting in a net profit margin of 2.40%.
PARA operates in the consumer services sector and the broadcasting industry. Although there are no executives to display, the company is headquartered in New York City.
PARA’s performance on March 17 was not ideal, but the forecasted earnings growth over the next five years may indicate a turnaround. The company’s financials seem relatively stable, with an annual revenue of $30.2 billion and a net profit margin of 2.40%. PARA’s competitors in the broadcasting industry have also experienced some decline, but the industry seems to be stable overall.
Paramount Global Stock Price and Forecast
Paramount Global, Inc. (PARA) is a global media and entertainment company with a diversified portfolio of businesses that includes film, television, publishing, and digital media. The company has been in the news lately due to its recent stock price performance and analysts’ recommendations.
According to the latest information, PARA’s stock price has a median 12-month target of 19.00, with a high estimate of 32.00 and a low estimate of 11.00. This represents a -3.50% decrease from the last price of 19.69. This forecast is based on the predictions of 25 analysts closely following the stock.
Additionally, 30 polled investment analysts recommend selling PARA stock. This rating had held steady since February, when it was unchanged from a sell rating. The consensus among these analysts suggests that they believe PARA is likely to underperform compared to the overall market.
It is important to note that stock price forecasts and analyst recommendations are not guarantees of future performance. While these predictions can be helpful for investors to make informed decisions, they should not be taken as the only factors to consider. Many other variables can impact a company’s financial performance, such as market trends, competition, economic conditions, etc.
Looking at PARA’s recent financial performance, it is clear that the company has faced some challenges. In particular, its earnings growth has been negative over the past year, with a -77.04% decrease in earnings growth in the previous year and a -47.39% decrease in earnings growth this year. However, the company is forecasted to see an earnings growth of +8.76% over the next five years.
Regarding its valuation, PARA has a price-to-earnings ratio of 19.1, a price-to-sales ratio of 0.36, and a price-to-book ratio of 0.56. These ratios suggest that the stock is undervalued, but investors should know that the market can be unpredictable and that valuations can change quickly.
PARA’s recent stock price performance has not been awe-inspiring, and analysts recommend selling the stock. However, investors should do their due diligence and consider all factors when making investment decisions. While forecasts and recommendations can be helpful, they are just one piece of the puzzle when assessing a company’s financial health and prospects.