Canaccord Genuity Revises FY12 Estimates on News Corp. (NWSA); Fundamental Intact
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Price: $30.38 +2.46%
Rating Summary:
23 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
23 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on News Corp. (NASDAQ: NWSA) price target of $25.00.
Analyst, Thomas Eagan, said, "As we incorporate comments made by management regarding the lower Publishing OI, our F2012 OI estimate is reduced from $6,005M to $5,558M. We are lowering our projections for Film OIBDA as well, from $1,339M to $1,280M due to lower expected box office. Separately, we are introducing estimates for F2013: $35,068M in revenue and $6,426M in OI, which represents 3.2% and 15.6% growth, respectively, over F2012."
Eagan remains positive saying fundamentals are intact (at cable network/broadcast TV) and share repurchases are likely to be renewed.
For an analyst ratings summary and ratings history on News Corp. click here. For more ratings news on News Corp. click here.
Shares of News Corp. closed at $19.03 yesterday.
Analyst, Thomas Eagan, said, "As we incorporate comments made by management regarding the lower Publishing OI, our F2012 OI estimate is reduced from $6,005M to $5,558M. We are lowering our projections for Film OIBDA as well, from $1,339M to $1,280M due to lower expected box office. Separately, we are introducing estimates for F2013: $35,068M in revenue and $6,426M in OI, which represents 3.2% and 15.6% growth, respectively, over F2012."
Eagan remains positive saying fundamentals are intact (at cable network/broadcast TV) and share repurchases are likely to be renewed.
For an analyst ratings summary and ratings history on News Corp. click here. For more ratings news on News Corp. click here.
Shares of News Corp. closed at $19.03 yesterday.
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