Earnings Watch: DreamWorks Animation is Scheduled to Report its Quarterly Results in 1 Day (DWA)

Published on Mon, 02/25/2013 - 08:15
By Robert Cotter in Earnings Preview, dwa, dreamworks animation, earnings previews, nasdaq:dwa

Analysts, on average, expect DreamWorks Animation (NASDAQ:DWA) to report a loss of $0.07 per share on sales of $220.9 million on February 26th, 2013. For the full year, analysts expect the company to post EPS of $0.49. DreamWorks Animation reported earnings of $0.29 per share a year ago, on sales of $219.0 million. Last quarter, the company beat analysts' estimates by posting earnings of $0.27, as compared to the $0.11 earnings predicted by consensus.

DreamWorks Animation (NASDAQ:DWA) is currently priced 0.4% above its average consensus analyst price target of $17.00. The stock should hit resistance at its 200-day moving average (MA) of $18.05, as well as support at its 50-day MA of $16.83.

DreamWorks Animation SKG, Inc. develops and produces computer generated animated feature films for a broad movie-going audience.

Over the past year, DreamWorks Animation has traded in a range of $15.90 to $28.90 and closed yesterday at $17.07, 7% above that low. The 200-day and 50-day moving averages have moved 0.04% lower and 0.25% higher over the past week, respectively.

By Robert Cotter
rcotter@fnno.com

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