Needham & Company Maintains a 'Hold' on Walt Disney (DIS); Lowering Estimates
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Price: $113.92 +0.18%
Rating Summary:
30 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
30 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Needham & Company maintains a 'Hold' on Walt Disney (NYSE: DIS).
Analyst, Laura Martin, said, "DIS is expected to report 2Q12 earnings in early May 2012. We are lowering our estimates for DIS. We are lowering DIS’s revenue for 2Q12 by 1% to $9.5B, Segment Operating Income by 8% to $1816B, and Operating EPS by 9% to $0.56. We are lowering our FY2Q12 estimates for DIS to reflect the following changes: We are lowering revenue for Studio Entertainment by 10% to $1.206B, and Segment Operating Income to a loss of $100mm, from our previous estimate of a profit of $83mm to reflect DIS’s 3/20/12 announcement that they expect to lose $200mm as a result of the poor performance of the movie “John Carter”. Specifically, DIS stated that they now expect to lose “$80mm to $120mm” in the Disney Studios division in FY2Q12."
For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.
Shares of Walt Disney closed at $44.15 yesterday.
Analyst, Laura Martin, said, "DIS is expected to report 2Q12 earnings in early May 2012. We are lowering our estimates for DIS. We are lowering DIS’s revenue for 2Q12 by 1% to $9.5B, Segment Operating Income by 8% to $1816B, and Operating EPS by 9% to $0.56. We are lowering our FY2Q12 estimates for DIS to reflect the following changes: We are lowering revenue for Studio Entertainment by 10% to $1.206B, and Segment Operating Income to a loss of $100mm, from our previous estimate of a profit of $83mm to reflect DIS’s 3/20/12 announcement that they expect to lose $200mm as a result of the poor performance of the movie “John Carter”. Specifically, DIS stated that they now expect to lose “$80mm to $120mm” in the Disney Studios division in FY2Q12."
For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.
Shares of Walt Disney closed at $44.15 yesterday.
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