The Walt Disney Co. (DIS - Free Report) vastly outperformed expectations for its fiscal Q1 2019 top and bottom lines after the closing bell Tuesday, with earnings of $1.84 per share beating the $1.57 in the Zacks consensus and sales of $15.30 billion surpassing the $15.18 billion we had been looking for. This is the fourth earnings beat in the last five quarters for the entertainment conglomerate. Shares were up 2% immediately upon the earnings release.
Some of the company's strength came from more unexpected areas in the quarter, including Media Networks (including ESPN) up 7%, and Parks +10% year over year in operating income. Increased ad revenues assisted Disney in the quarter, which carried a Zacks Rank #3 (Hold) rating ahead of the announcement. For more on DIS' earnings, click here.
One nice surprise this afternoon came from Snap Inc. (SNAP - Free Report) which posted a lower-than-expected loss for its Q4 bottom line at -4 cents per share, on revenues of $390 million that beat the $375 million estimated. Average Revenue per User (ARPU) went to $2.09 versus the expected $2.05, and Daily Active Users stayed steady at 186 million as opposed to falling, as the analysts had expected. Shares have shot up 15% in late trading following the results. For more on SNAP's earnings, click here.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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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 >>
The Walt Disney Co. (DIS - Free Report) vastly outperformed expectations for its fiscal Q1 2019 top and bottom lines after the closing bell Tuesday, with earnings of $1.84 per share beating the $1.57 in the Zacks consensus and sales of $15.30 billion surpassing the $15.18 billion we had been looking for. This is the fourth earnings beat in the last five quarters for the entertainment conglomerate. Shares were up 2% immediately upon the earnings release.
Some of the company's strength came from more unexpected areas in the quarter, including Media Networks (including ESPN) up 7%, and Parks +10% year over year in operating income. Increased ad revenues assisted Disney in the quarter, which carried a Zacks Rank #3 (Hold) rating ahead of the announcement. For more on DIS' earnings, click here.
One nice surprise this afternoon came from Snap Inc. (SNAP - Free Report) which posted a lower-than-expected loss for its Q4 bottom line at -4 cents per share, on revenues of $390 million that beat the $375 million estimated. Average Revenue per User (ARPU) went to $2.09 versus the expected $2.05, and Daily Active Users stayed steady at 186 million as opposed to falling, as the analysts had expected. Shares have shot up 15% in late trading following the results. For more on SNAP's earnings, click here.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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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