Needham & Company Reiterates a 'Buy' on Viacom (VIAB); Updates Q1 and FY12
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Price: $24.22 --0%
Rating Summary:
19 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 21 Hold, 3 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 (Nasdaq: VIAB) price target of $63.00.
Needham analyst says, "For FY12, we estimate revenue of $15.032B, up 1% y/y, and Operating EPS of $4.28, up 13% y/y. Although we lower our FY12 revenue by 1.6% to $15.032B to reflect lower expectations in Entertainment, we maintain our EPS estimate of $4.28. We expect the film titles that will be released during this fiscal year to be more modestly budgeted than FY11, which included several big budget titles. Smaller movie budgets in FY12 should result in lower revenue but higher profitability, suggesting a higher ROIC."
Needham sees Q1 EPS of $1.02 vs. consensus of $1.06. Sees Q1 revs of $3.958 bln vs. consensus of $4.01 bln.
For an analyst ratings summary and ratings history on Viacom click here. For more ratings news on Viacom click here.
Shares of Viacom closed at $44.76 yesterday.
Needham analyst says, "For FY12, we estimate revenue of $15.032B, up 1% y/y, and Operating EPS of $4.28, up 13% y/y. Although we lower our FY12 revenue by 1.6% to $15.032B to reflect lower expectations in Entertainment, we maintain our EPS estimate of $4.28. We expect the film titles that will be released during this fiscal year to be more modestly budgeted than FY11, which included several big budget titles. Smaller movie budgets in FY12 should result in lower revenue but higher profitability, suggesting a higher ROIC."
Needham sees Q1 EPS of $1.02 vs. consensus of $1.06. Sees Q1 revs of $3.958 bln vs. consensus of $4.01 bln.
For an analyst ratings summary and ratings history on Viacom click here. For more ratings news on Viacom click here.
Shares of Viacom closed at $44.76 yesterday.
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