With Pixar out of the picture this year, cartoon fans are focusing on the DreamWorks Animation movies in 2014. The company has already released its first offer, Mr. Peabody & Sherman, last March 7. Unfortunately majority of the analysts in Wall Street wasn't impressed by this animated movie.
According to Cowen and Co. analyst Doug Creutz, "Mr. Peabody & Sherman, which bowed to $32.2 million domestically, caused the toon shop's price target to plummet from $35 to $21 per share." The DWA stock closed Monday at $29.05 per share, down 1.39%, following the toon's disappointing debut in the United States. The Cowen research company also stated, "The film is just another dog."
Other analysts, on the other hand, tried to focus more on the long-term prospect of DreamWorks Animation movies in 2014 and the following years. Eric Wold of B. Riley, who reported $37 per share up from $32, shared his sentiments in an interview with Variety. He said, "With our concerns around the performance of Mr. Peabody & Sherman, for the most part, behind us, we are refocusing on the positive shift in the film slate weighting towards the studio's core franchises over the next 18 months."
So far, the first offering of DWA this year has earned $65.4 million from 56 territories, but the film will still be launched in 20 more countries including China, South Korea, Australia, and Italy. Who knows? The animated movie might become a big hit in any of those markets.
Completing the line-up of DreamWorks Animation list of movies in 2014 are "How to Train Your Dragon 2" (June 13) and "Home" (November 26).
It's been four years since the first chapter of the "How to Train Your Dragon" trilogy was unleashed, and now Hiccup and Toothless returns to explore new worlds and face new adventures. Check out the trailer of DWA's new movie offering:
Do you think it will be better than “Mr. Peabody & Sherman”?