Needham & Company Maintains a 'Hold' on Walt Disney (DIS); Fine Tuning Estimates

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Needham & Company maintains a 'Hold' on Walt Disney (NYSE: DIS).

Analyst, Laura Martin, said, "We are fine-tuning and raising our estimates for DIS’s 3Q12. We now expect DIS will report revenue of $11.269B (up 6% y/y, and
1% above our previous estimates), Segment Operating Income of $2.976B (up 9% y/y, and 3% above our previous estimates), and Operating EPS of $0.92 (up 18% y/y and 3% above our previous estimates)...As a result of the changes in estimates in 3Q12, we now expect FY12 revenue of $42.716B (up 4% y/y and 0.1% above our
previous estimates), and Operating EPS of $3.00 (up 18% y/y and 3% above our previous estimates) from $2.91."

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 $48.59 yesterday, with a 52 week range of $28.19-$48.95.

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