Needham & Company Maintains a 'Hold' on Discovery Communications (DISCA); Q1 Preview

March 28, 2012 8:02 AM EDT
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Needham & Company maintains a 'Hold' on Discovery Communications (NASDAQ: DISCA).

Analyst, Laura Martin, said, "DISCA is expected to release 1Q12 earnings in late April or early May, 2012. We maintain our 1Q12 revenue estimate of: $1,024mm (up 8% y/y); OIBDA of $475mm (up 11% y/y); and Operating EPS estimate of $0.58 (up 18% y/y). We are slightly rebalancing our 1Q12 OIBDA estimates to reflect lower earnings in International, offset by higher expectations in Education...We are maintaining our FY12 estimates of revenue of $4.545B (up 7% y/y), and Operating EPS of $2.71 (up 6% y/y)."

For an analyst ratings summary and ratings history on Discovery Communications click here. For more ratings news on Discovery Communications click here.

Shares of Discovery Communications closed at $49.50 yesterday.


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