Wedbush Maintains an 'Underperform' on Entravision Communications (EVC); Tough Environment Despite Political Pick-Me-Up
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Price: $8.07 +0.50%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Wedbush maintains an 'Underperform' on Entravision Communications (NYSE: EVC) price target of $1.30 (from $1.60).
Analyst, James Dix, said, "On the top line by segment, our 2012 core (ex-political, retrans, etc.) revenue growth estimates go to +6.4% for TV and to -1.5% for radio, from +7.7% and +1.2%, respectively. We see a stronger 3Q giving way to core deceleration in 4Q, offsetting political boost. Our 2012 political revenue estimate is essentially unchanged at $10.5m. Thus, a slightly higher margin assumption is what holds our EBITDA estimate essentially unchanged for 2012. For 2013, our core revenue growth estimates go to 3.0% for TV and flat for radio, from 4.5% and 3.0%, respectively, bringing down our EBITDA estimate slightly."
FY12 EPS Estimate raised from $0.08 to $0.12 and FY13 from $0.04 to $0.08.
For an analyst ratings summary and ratings history on Entravision Communications click here. For more ratings news on Entravision Communications click here.
Shares of Entravision Communications closed at $1.28 yesterday.
Analyst, James Dix, said, "On the top line by segment, our 2012 core (ex-political, retrans, etc.) revenue growth estimates go to +6.4% for TV and to -1.5% for radio, from +7.7% and +1.2%, respectively. We see a stronger 3Q giving way to core deceleration in 4Q, offsetting political boost. Our 2012 political revenue estimate is essentially unchanged at $10.5m. Thus, a slightly higher margin assumption is what holds our EBITDA estimate essentially unchanged for 2012. For 2013, our core revenue growth estimates go to 3.0% for TV and flat for radio, from 4.5% and 3.0%, respectively, bringing down our EBITDA estimate slightly."
FY12 EPS Estimate raised from $0.08 to $0.12 and FY13 from $0.04 to $0.08.
For an analyst ratings summary and ratings history on Entravision Communications click here. For more ratings news on Entravision Communications click here.
Shares of Entravision Communications closed at $1.28 yesterday.
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