Here’s the rundown from the Barclays investment firm. Disney recently reported its quarterly earnings report.
Barclays declared: While the strong debut of Iron Man 3 could lead to future upside at the s
tudio, we are tweaking down our June quarter estimates, most notably at Broadcasting and Interactive Media.
Walt Disney (DIS) reported strong quarterly earnings results that topped consensus estimates on revenue, operating income, and EPS, owing to upside from Parks, Cable Networks, and Consumer
Products, offset by downside at Broadcasting.
Parks margins were well ahead of our estimates, helped by favorable calendar shifts as well as strong operating leverage,” noted the Barclays investment firm.
Wall Street is generally bullish on Disney because of the steady leadership of its leader, Bob Iger.
To his credit, Iger has
shown an efficient flair during his tenure. What Wall Street most appreciates
form him is that the company tends to come through quarter