Thursday, May 13, 2021

MR. PEABODY & SHERMAN LIKELY TO LOSE MONEY

March 11, 2014 by · Leave a Comment 

Some Wall Street analysts were lowering their ratings of DreamWorks Animation on Monday, clearly disappointed in the $32.5 million domestic take earned by Mr. Peabody & Sherman over the weekend. The Hollywood Reporter quoted media analyst Vasily Karasyov of the brokerage firm Stern Agee as predicting that the movie will eventually earn $310 million worldwide that will trigger an $84-million write-down. Although DWA shares closed at $29.05 on Monday, Karasyov is predicting that they’ll free-fall to $17. But departing from the opinions of most other analysts, Eric Wold of B. Riley actually raised his price target to $37 from $32, pointing out that DWA will be focusing on “known franchises” for the next 18 months and that the upcoming How to Train Your Dragon 2 will be opening without a major animated title being released for nine weeks prior to Dragon‘s premiere.