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The Walt Disney Company

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Parks & Resorts division once again turned out to be the savior for Disney in first-quarter fiscal 2018. The company, whose shares have outperformed the industry in the past six months, delivered positive earnings surprise after missing the Zacks Consensus Estimate in the preceding quarter. However, the big take away from the quarter was top-line performance, which surpassed the consensus mark for the first time in six quarters. Further, Disney is acquiring majority of Twenty-First Century Fox’s assets, which includes its Film and Television studios accompanied by cable and international TV businesses. The deal provides a bout of fresh air to Disney, which for quite some time now has been jostling in the fast changing media landscape. The addition of Fox's rich library of movies and TV series would greatly enhance Disney’s prospects in the streaming service. However, falling subscribers at ESPN remain a concern.

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