Posting fiscal Q2 earnings results after the closing bell Tuesday, The Walt Disney Company (DIS - Free Report) outperformed estimates on both top and bottom lines, and rather significantly. Earnings of $1.84 per share was well in front of the $1.68 in the Zacks consensus, while revenues of $14.58 billion easily outpaced the $14.23 billion estimated, up 9% year over year. This also marks Disney's 5th positive earnings beat in its past 6 quarters.
The oft-maligned Media Networks division, which had felt the drag from cable cord-cutting as well as softer numbers at ESPN, beat expectations on both top and bottom lines. But the real news came from the Parks & Recreation and Studio Entertainment segments, which well-outperformed expectations in both sales and earnings. The Studio business, in particular, benefitted greatly from the successful release of the "Black Panther" feature film in the quarter. For more on DIS's earnings, click here.
Taking a big leg up in after-market trading Tuesday following its Q1 earnings release, TripAdvisor (TRIP - Free Report) nearly doubled bottom-line expectations to 30 cents per share on revenues that soared to $378 million from the projected $361 million. The company reported User Reviews up 26% and Monthly Unique Visitors up 12% in the quarter, and the company raised its guidance figures. As a result, shares zoomed up 18% immediately upon the report being issued.
Ecommerce firm Etsy (ETSY - Free Report) also doubled up expectations on its bottom line, posting 10 cents per share versus the 5 cents in the Zacks consensus. Revenues of $120.9 million edged past estimates, up almost 25% year over year. The company also ratcheted up guidance for its Gross Merchandise Sales category. For more on ETSY's earnings, click here.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Posting fiscal Q2 earnings results after the closing bell Tuesday, The Walt Disney Company (DIS - Free Report) outperformed estimates on both top and bottom lines, and rather significantly. Earnings of $1.84 per share was well in front of the $1.68 in the Zacks consensus, while revenues of $14.58 billion easily outpaced the $14.23 billion estimated, up 9% year over year. This also marks Disney's 5th positive earnings beat in its past 6 quarters.
The oft-maligned Media Networks division, which had felt the drag from cable cord-cutting as well as softer numbers at ESPN, beat expectations on both top and bottom lines. But the real news came from the Parks & Recreation and Studio Entertainment segments, which well-outperformed expectations in both sales and earnings. The Studio business, in particular, benefitted greatly from the successful release of the "Black Panther" feature film in the quarter. For more on DIS's earnings, click here.
Taking a big leg up in after-market trading Tuesday following its Q1 earnings release, TripAdvisor (TRIP - Free Report) nearly doubled bottom-line expectations to 30 cents per share on revenues that soared to $378 million from the projected $361 million. The company reported User Reviews up 26% and Monthly Unique Visitors up 12% in the quarter, and the company raised its guidance figures. As a result, shares zoomed up 18% immediately upon the report being issued.
Ecommerce firm Etsy (ETSY - Free Report) also doubled up expectations on its bottom line, posting 10 cents per share versus the 5 cents in the Zacks consensus. Revenues of $120.9 million edged past estimates, up almost 25% year over year. The company also ratcheted up guidance for its Gross Merchandise Sales category. For more on ETSY's earnings, click here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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