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Walt Disney (DIS) Studio Strong in Q2 While Media Costs Higher - Stifel

May 5, 2015 8:50 AM EDT
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Price: $122.36 +1.14%

Rating Summary:
    30 Buy, 19 Hold, 3 Sell

Rating Trend: Up Up

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    Up: 13 | Down: 11 | New: 11
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Stifel analyst Benjamin Mogil offered some quick commentary on Walt Disney (NYSE: DIS) following Q2 results. The analyst noted a strong studio with media a little sluggish on cost not revenue.

Mogil commented, "Disney reported 2Q15 results which were ahead of our and consensus estimates. Similar to last quarter, the upside to estimates was from the Studio front, re-inforcing what we view is a major differentiating point between Disney and the other media conglomerates. Cable revenue was in-line, though costs were higher, while ESPN ad revenue was up. Traditional broadcast was better than expected likely on reverse retransmission fees and SVOD."

The firm maintained a Buy rating price target of $115 into the call.

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 $111.03 yesterday.



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