Wunderlich Securities maintains its Buy rating on shares of Time Warner TWX on Tuesday, ahead of the Apple AAPL iPad deal and earnings.
Time Warner released new iPad apps for subscribers to Sports Illustrated, Time, and Fortune on Monday. Wunderlich notes that "We believe the Time Inc. print franchises have almost singular tablet upside."
Time Warner is expected to announce earnings on Wednesday at 10:30 EST. Wunderlich is looking for $0.57 EPS and a sales drop of 0.4%, to $6.297 billion.
Notably, Wunderlich comments that "We are sympathetic to CEO Jeff Bewkes' posture that the business algorithm for magazines will converge to that for the cable networks and Warner Bros., particularly given the profile of Time Inc.'s brands. This is why the ongoing search for a replacement for the irascible Jack Griffin is particularly pivotal, in our view."
Time Warner is a media and entertainment company. The company has three segments: Networks, Filmed Entertainment, and Publishing.
Shares closed lower by $0.02 on Monday, to $37.84.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Posted In: Analyst ColorEarningsNewsAnalyst RatingsComputer HardwareConsumer DiscretionaryInformation TechnologyMovies & EntertainmentWunderlich Securities
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in