Needham & Company Maintains a 'Hold' on Walt Disney (DIS); Q2 Review
Get Alerts DIS Hot Sheet
Price: $111.99 --0%
Rating Summary:
30 Buy, 19 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 13
Rating Summary:
30 Buy, 19 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 13
Join SI Premium – FREE
Needham & Company maintains a 'Hold' on Walt Disney (NYSE: DIS).
Analyst, Laura Martin, said, "DIS reported revenue of $9.629B (up 6% y/y, 1% above our estimate) and Operating EPS of $0.58 (up 18% y/y and 4% above our estimate)...The Parks and Resorts segment was the largest outperformer, reporting operating income 31% above our estimates driven by higher attendance and per capital spending at the domestic parks and resorts, Tokyo Disney Resort and Hong Kong Disneyland...The Broadcasting segment was the second largest outperformer, reporting operating Income 27% above our estimates owing to lower production and programming costs and higher ad revenues."
"We maintain our FY12 estimates of revenue of $42.682B, and Operating EPS of $2.91...We maintain our rating and remain focused on DIS’s capital spending cycle..."
For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.
Shares of Walt Disney closed at $44.30 yesterday.
Analyst, Laura Martin, said, "DIS reported revenue of $9.629B (up 6% y/y, 1% above our estimate) and Operating EPS of $0.58 (up 18% y/y and 4% above our estimate)...The Parks and Resorts segment was the largest outperformer, reporting operating income 31% above our estimates driven by higher attendance and per capital spending at the domestic parks and resorts, Tokyo Disney Resort and Hong Kong Disneyland...The Broadcasting segment was the second largest outperformer, reporting operating Income 27% above our estimates owing to lower production and programming costs and higher ad revenues."
"We maintain our FY12 estimates of revenue of $42.682B, and Operating EPS of $2.91...We maintain our rating and remain focused on DIS’s capital spending cycle..."
For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.
Shares of Walt Disney closed at $44.30 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Disney Technology Executive Aaron Laberge to Leave Company - CNBC
- Sierra Bancorp (BSRR) PT Lowered to $23 at Keefe, Bruyette & Woods
- Solvay SA (SOLB:BB) (SOBS) PT Raised to EUR29 at Stifel
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!