What lies ahead for the
Walt Disney Co., flush from its triumph with Iron Man 3?
Here’s the rundown from the
Barclays investment firm. Disney recently reported its quarterly earnings
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
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