DreamWorks Animation SKG (DWA) Scheduled to Post Quarterly Earnings on Tuesday
DreamWorks Animation SKG (NYSE:DWA) is scheduled to be issuing its Q313 quarterly earnings data on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $143.90 million for the quarter.
DreamWorks Animation SKG (NYSE:DWA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.10. The company had revenue of $213.40 million for the quarter, compared to the consensus estimate of $180.85 million. During the same quarter last year, the company posted $0.15 earnings per share. DreamWorks Animation SKG’s revenue was up 31.1% compared to the same quarter last year. On average, analysts expect DreamWorks Animation SKG to post $0.69 EPS for the current fiscal year and $0.92 EPS for the next fiscal year.
DreamWorks Animation SKG (NYSE:DWA) opened at 28.05 on Monday. DreamWorks Animation SKG has a 52 week low of $15.90 and a 52 week high of $30.44. The stock has a 50-day moving average of $27.96 and a 200-day moving average of $22.95. The company’s market cap is $2.347 billion.
A number of research firms have recently commented on DWA. Analysts at McLean Capital Management downgraded shares of DreamWorks Animation SKG from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 11th. On a related note, analysts at Morgan Stanley reiterated an “underweight” rating on shares of DreamWorks Animation SKG in a research note to investors on Wednesday, September 25th. They now have a $26.00 price target on the stock, up previously from $22.00. Finally, analysts at B. Riley downgraded shares of DreamWorks Animation SKG from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $0.96 price target on the stock, up previously from $0.70. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.99.
DreamWorks Animation SKG, Inc (NYSE:DWA) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets.
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