Needham & Company Maintains a 'Hold' on Walt Disney (DIS); FY3Q11 Preview
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Price: $106.85 +1.96%
Rating Summary:
35 Buy, 19 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
35 Buy, 19 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Walt Disney (NYSE: DIS).
Needham analyst says, "We maintain our FY3Q11 revenue estimate of $10.354B, up 4% y/y, and our EPS estimate of $0.73, up 8% y/y...Although we are lowering our EBITA estimate for Cable Networks by 4% to $1.556B owing to lower equity income and political ad spending, this is offset by a lower estimate for below the line items including net interest expense (5% lower to $95mm), and a lower tax rate, resulting in no change to our EPS estimate of $0.73. We are raising our FY4Q11 EPS estimate to $0.62 (from $0.60) owing to lower Filmed Entertainment expenses than we previously expected. We are fine tuning our FY12 revenue estimate, but maintaining our EPS estimate at $2.80."
For more ratings news on Walt Disney click here and for the rating history of Walt Disney click here.
Shares of Walt Disney closed at $39.57 yesterday.
Needham analyst says, "We maintain our FY3Q11 revenue estimate of $10.354B, up 4% y/y, and our EPS estimate of $0.73, up 8% y/y...Although we are lowering our EBITA estimate for Cable Networks by 4% to $1.556B owing to lower equity income and political ad spending, this is offset by a lower estimate for below the line items including net interest expense (5% lower to $95mm), and a lower tax rate, resulting in no change to our EPS estimate of $0.73. We are raising our FY4Q11 EPS estimate to $0.62 (from $0.60) owing to lower Filmed Entertainment expenses than we previously expected. We are fine tuning our FY12 revenue estimate, but maintaining our EPS estimate at $2.80."
For more ratings news on Walt Disney click here and for the rating history of Walt Disney click here.
Shares of Walt Disney closed at $39.57 yesterday.
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