Nomura Securities Maintains a 'Neutral' on Discovery Communications (DISCA); Q1 Review
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Price: $24.43 --0%
Rating Summary:
12 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Discovery Communications (NASDAQ: DISCA) price target of $49.00.
Analyst, Michael Nathanson, said, "1Q adjusted EPS of $0.57 was $0.04 below our estimate, the most important underlying drivers of growth remained healthy. Ratings momentum at the company’s U.S. networks should give the company a strong hand heading into upfront negotiations, leading to expected U.S. advertising growth in 2Q of 9%. We now project CY12 total revenue growth of 9.1% (vs. +8.6% prev.). We are leaving our CY12 EBITDA growth essentially unchanged at 13%. CY12 EPS goes from $2.85 to $2.75 after incorporating a higher OWN loss. Given the relatively high P/E multiple and increasingly higher expectations, we continue to believe the stock is largely fairly valued."
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 $50.80 yesterday.
Analyst, Michael Nathanson, said, "1Q adjusted EPS of $0.57 was $0.04 below our estimate, the most important underlying drivers of growth remained healthy. Ratings momentum at the company’s U.S. networks should give the company a strong hand heading into upfront negotiations, leading to expected U.S. advertising growth in 2Q of 9%. We now project CY12 total revenue growth of 9.1% (vs. +8.6% prev.). We are leaving our CY12 EBITDA growth essentially unchanged at 13%. CY12 EPS goes from $2.85 to $2.75 after incorporating a higher OWN loss. Given the relatively high P/E multiple and increasingly higher expectations, we continue to believe the stock is largely fairly valued."
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 $50.80 yesterday.
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