Lions Gate Entertainment Corp.’s (LGF) Third-Quarter Review
February 10, 2010 2:34 PM
Analysts at Morgan Stanley (NYSE: MS) have released a report reviewing the third-quarter at Lions Gate Entertainment Corp. The company reported mixed results for the third-quarter.
The company reported revenue of $371.8 million for the third-quarter, which beat analysts’ estimate by $34 million. The revenue was mainly driven by higher theatrical and TV segment revenue. However, the better-than-expected revenue from the two segments was offset by higher-than-expected prints, and advertising costs. The company reported an adjusted EBITDA loss of $10 million. Analysts had forecast a positive EBITDA of $27.2 million.
According to analysts, the near-term value of the company remains higher than the overall media group. However, analysts believe that the guidance and consensus expectations are reasonably conservative. Analysts at Morgan Stanley continue to rate Lions Gate Entertainment Corp. as an Equal-Weight.
