DIS FQ1 Results Show Improving Trends
Analyst Imran Khan of JP Morgan maintains his "neutral" rating on The Walt Disney Co (NYSE: DIS), while raising his estimates for the company. The target price for DIS is set to $30.50.
According to JP Morgan, Walt Disney reported its FQ1 results ahead of the estimates due to an extra week in the quarter, Excluding the extra week, DIS’ revenues and operating income were short of the estimates, the analyst says.
“Current quarter is pacing well with audience delivery in key demo up 5% Y/Y QTD which, combined with recovery in main advertising categories and affiliate revenue growth, should help drive 9% Y/Y total revenue growth in Q2 FY0,” the analyst mentions. JP Morgan has raised its EPS estimate for FY10 from $1.86 to $1.95.
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