Topeka Capital Comments on Lions Gate's (LGF) Q4 and Guidance

Topeka Capital maintained a Buy rating on Lions Gate (NYSE: LGF) with a price target of $40.00. Analyst David W. Miller commented on Q4 results and guidance.

"After yesterday's close, LGF released FQ4 2014 results which badly missed all internal and consensus metrics, but in digging through the numbers, the miss was mostly due to timing issues on the TV side, where delivery of certain episodes apparently took place in April rather than March, and due to lower-than-expected home entertainment revenues, driven principally by lower library-related revenues, which is an x-factor every quarter," said Miller.

"That said, LGF did in fact satisfy our call issued earlier in the week as it relates to guidance, issuing brand-new three-year guidance in adjusted EBITDA," he added.

For an analyst ratings summary and ratings history on Lions Gate click here. For more ratings news on Lions Gate click here.

Shares of Lions Gate closed at $29.53 yesterday.

You May Also Be Interested In

• Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
• Compass Minerals International (CMP) PT Lowered to $15 at Deutsche Bank
• Boeing (BA) PT Lowered to $240 at Stifel