Cable Still Strong, but Analysts Rein In Expectations

摘要

While cable units continue to be a bright spot in big media and are helping to drive a better-looking earnings season, expectations for the sector's pure-play stocks may start dimming.rnDiscovery Communications and Scripps, the two pure-play cable stocks, both did well on the advertising front. Even so, some Wall Street analysts say investors' attention might be better focused on stocks that don't have such high expectations priced in. Morgan Stanley and Bernstein Research analysts reduced earnings per share (EPS) estimates for Discovery last week.