DreamWorks Animation's How to Train Your Dragon 2 is falling short of box-office forecasts and will drag the company to its second loss in three years, according to Cowen and Co.

The film, released on June 13th, will probably generate $180 million in US and Canadian ticket sales, Doug Creutz, a Cowen analyst, said in a report.

He had previously projected $250 million. The film won’t reach profitability in theatres, Creutz estimated.

A sequel to the 2010 original, the film will eventually generate profit of $171.1 million for chief executive Jeffrey Katzenberg’s studio, including DVD sales, movie rentals and TV rights.

That means investors will have to wait until 2016 for significant profit from DreamWorks Animation, Creutz said.