Needham & Company Maintains a 'Hold' on Walt Disney (DIS); 4Q11 Earnings Preview

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

Needham analyst says, "We maintain our FY4Q11 revenue estimate of $10.383B, up 7% y/y, Segment Operating Income of $1.96B, up 14% y/y, and Operating EPS estimate of $0.55, up 11% y/y. We believe that the current ad market remains solid. Political ad spending in 2010 that won’t be repeated in the current year will make for difficult reported comparisons, but excluding political we believe that the current ad environment is solid with positive y/y growth and no change in trajectory since 3 months ago. We maintain our FY11 revenue estimate of $40.9B and our Operating EPS estimate of $2.51. We maintain our FY12 revenue estimate of $43.4B and our Operating EPS estimate of $2.87."

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 $30.65 yesterday.

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