U.S. Markets closed
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • Dow 30

    31,097.26
    +321.83 (+1.05%)
     
  • Nasdaq

    11,127.84
    +99.11 (+0.90%)
     
  • Russell 2000

    1,727.76
    +19.77 (+1.16%)
     
  • Crude Oil

    108.46
    +2.70 (+2.55%)
     
  • Gold

    1,812.90
    +5.60 (+0.31%)
     
  • Silver

    19.85
    -0.50 (-2.44%)
     
  • EUR/USD

    1.0426
    -0.0057 (-0.5422%)
     
  • 10-Yr Bond

    2.8890
    -0.0830 (-2.79%)
     
  • Vix

    26.70
    -2.01 (-7.00%)
     
  • GBP/USD

    1.2103
    -0.0072 (-0.5930%)
     
  • USD/JPY

    135.1750
    -0.5530 (-0.4074%)
     
  • BTC-USD

    19,125.00
    -287.39 (-1.48%)
     
  • CMC Crypto 200

    420.84
    +0.70 (+0.17%)
     
  • FTSE 100

    7,168.65
    -0.63 (-0.01%)
     
  • Nikkei 225

    25,935.62
    -457.42 (-1.73%)
     

Read Needham's Take On Disney in Brief

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • 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

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.