Read Needham's Take On Disney in Brief

• Needham analyst Laura Martin reiterated a Hold rating on Walt Disney Company (NYSE: DIS) while raising her FY22 EPS view to $4.05 from $3.72 in a note titled "DIS's Parks have Superpowers."

• Martin added $1.66 billion to her forecast for Operating Income for the Parks segment for Q2, doubling estimates to $3.3 billion on better than expected profits for the Parks division and Content Licensing. The higher entertainment programming costs at Hulu and Disney+ and higher sports rights costs than her prior estimates partly offset the optimism.

• The re-rating reflects Martin's view that consensus estimates for Disney were too high, owing to the increased near-term investment in DTC in 2022 and another year of unclear earnings contributions from linear TV and film releases as vaccines roll out slowly globally.

• Price Action: DIS shares traded lower by 2.28% at $108.34 on the last check Friday.

Latest Ratings for DIS

Date	Firm	Action	From	To
Mar 2022	MoffettNathanson	Maintains		Neutral
Feb 2022	Citigroup	Maintains		Buy
Feb 2022	JP Morgan	Maintains		Overweight

View More Analyst Ratings for DIS

View the Latest Analyst Ratings

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