Paramount Skydance Corporation (NASDAQ:PSKY) on Monday reported better-than-expected first-quarter financial results and affirmed its fiscal-year 2026 revenue guidance above estimates on Monday.

Paramount reported adjusted earnings per share of 23 cents, beating the consensus estimate of 15 cents. In addition, it reported revenue of $7.34 billion, beating the consensus estimate of $7.27 billion and representing a 2% year-over-year increase.

Looking ahead, the company affirmed fiscal-year 2026 revenue guidance of $30.00 billion, versus the consensus estimate of $29.90 billion. Furthermore, it expects second-quarter revenue guidance of $6.75 billion to $6.95 billion, versus the consensus estimate of $7.06 billion.

Paramount Skydance shares fell 3.1% to trade at $10.78 on Tuesday.

These analysts made changes to their price targets on Paramount Skydance following earnings announcement.

  • Guggenheim analyst Michael Morris maintained the stock with a Neutral and lowered the price target from $14 to $12.
  • Wells Fargo analyst Steven Cahall maintained the stock with an Underweight rating and lowered the price target from $8 to $7.

Considering buying PSKY stock? Here’s what analysts think:

Photo via Shutterstock