Needham & Company Reiterates a 'Buy' on Viacom (VIA-B); 4Q11 Earnings Preview
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Price: $44.76 --0%
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Viacom (NYSE: VIA-B) price target of $63.00.
Needham analyst says, "We maintain our FY11 and FY12 estimates. For FY11, we estimate revenue of $14.604B, up 9% y/y, and Operating EPS of $3.75, up 24% y/y. For FY12, we estimate revenue of $15.265B, up 5% y/y, and Operating EPS of $4.28, up 14% y/y."
"Robust political ad spending in calendar 4Q10 won’t be repeated in calendar 4Q11, thereby making the reported advertising results difficult. On a same-store basis, excluding political ad spending, we believe that the current ad market remains strong, up mid-high single digits with no evidence of softening over the past 3 months...We estimate that VIAB’s ROIC will increase by approximately 100 basis points from 14.4% in FY11E to 15.4% in FY12E."
For more ratings news on Viacom click here and for the rating history of Viacom click here.
Shares of Viacom closed at $42.83 yesterday.
Needham analyst says, "We maintain our FY11 and FY12 estimates. For FY11, we estimate revenue of $14.604B, up 9% y/y, and Operating EPS of $3.75, up 24% y/y. For FY12, we estimate revenue of $15.265B, up 5% y/y, and Operating EPS of $4.28, up 14% y/y."
"Robust political ad spending in calendar 4Q10 won’t be repeated in calendar 4Q11, thereby making the reported advertising results difficult. On a same-store basis, excluding political ad spending, we believe that the current ad market remains strong, up mid-high single digits with no evidence of softening over the past 3 months...We estimate that VIAB’s ROIC will increase by approximately 100 basis points from 14.4% in FY11E to 15.4% in FY12E."
For more ratings news on Viacom click here and for the rating history of Viacom click here.
Shares of Viacom closed at $42.83 yesterday.
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