Nomura Securities Maintains a 'Buy' on Walt Disney (DIS); Addressing Concerns
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Price: $98.18 +0.04%
Rating Summary:
35 Buy, 19 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 20 | New: 23
Rating Summary:
35 Buy, 19 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 20 | New: 23
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Nomura Securities maintains a 'Buy' on Walt Disney (NYSE: DIS), PT lowered from $47 to $45.
Nomura analyst, Michael Nathanson, says, "Yes, we believe F3Q will be a messy quarter, but well telegraphed from the company, in our view. Despite that, we still think the “sell-side” is overestimating Disney’s earnings for the quarter, with current consensus at $0.74 vs. our unchanged $0.72 estimate. The biggest driver in F3Q, in our view, is the timing of the $228mn ESPN revenue deferral into F4Q, which pushes our next-quarter estimates above consensus."
For more ratings news on Walt Disney click here and for the rating history of Walt Disney click here.
Shares of Walt Disney closed at $37.58 yesterday.
Nomura analyst, Michael Nathanson, says, "Yes, we believe F3Q will be a messy quarter, but well telegraphed from the company, in our view. Despite that, we still think the “sell-side” is overestimating Disney’s earnings for the quarter, with current consensus at $0.74 vs. our unchanged $0.72 estimate. The biggest driver in F3Q, in our view, is the timing of the $228mn ESPN revenue deferral into F4Q, which pushes our next-quarter estimates above consensus."
For more ratings news on Walt Disney click here and for the rating history of Walt Disney click here.
Shares of Walt Disney closed at $37.58 yesterday.
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