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Disney (DIS) Stock Slumps on Q1 Earnings Report: Revenues Miss, ESPN Declines
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The Walt Disney Company (DIS - Free Report) just released its first-quarter 2017 earnings results, posting earnings of $1.55 per share and revenue of $15.244 billion.
DIS was 1.28% to $107.61 in after-hours trading shortly after its earnings report was released.
Currently, DIS has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Disney:
Beat earnings estimates. The company posted earnings of $1.55 per share, beating our Zacks Consensus Estimate of $1.48
Missed revenue estimates. The company saw revenue figures of $15.244 billion billion, missing our estimate of $15.263 billion.
Media Networks revenue came in at $6.233 billion, which represents a 2% year-over-year decline. Breaking this down a bit, Cable Networks, a division within Media Networks that includes channels like ESPN, saw revenues decrease 2% to $4.4 billion. In the earnings report, the company said that the decrease in operating income in this division was due to “a decrease at ESPN.”
Parks and Resorts revenue, on the other hand, was up 6% to $4.281 billion.
“We’re very pleased with our financial performance in the first quarter. Our Parks and Resorts delivered excellent results and, coming off a record year, our Studio had three global hits including our first billion-dollar film of fiscal 2017, Rogue One: A Star Wars Story,” said CEO Robert A. Iger.
Here’s a graph that looks at Disney’s latest earnings performance:
Walt Disney Company (The) Price, Consensus and EPS Surprise
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.
Check back later for our full analysis on Disney’s latest earnings report!
Zacks' Top 10 Stocks for 2017
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Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Disney (DIS) Stock Slumps on Q1 Earnings Report: Revenues Miss, ESPN Declines
The Walt Disney Company (DIS - Free Report) just released its first-quarter 2017 earnings results, posting earnings of $1.55 per share and revenue of $15.244 billion.
DIS was 1.28% to $107.61 in after-hours trading shortly after its earnings report was released.
Currently, DIS has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Disney:
Beat earnings estimates. The company posted earnings of $1.55 per share, beating our Zacks Consensus Estimate of $1.48
Missed revenue estimates. The company saw revenue figures of $15.244 billion billion, missing our estimate of $15.263 billion.
Media Networks revenue came in at $6.233 billion, which represents a 2% year-over-year decline. Breaking this down a bit, Cable Networks, a division within Media Networks that includes channels like ESPN, saw revenues decrease 2% to $4.4 billion. In the earnings report, the company said that the decrease in operating income in this division was due to “a decrease at ESPN.”
Parks and Resorts revenue, on the other hand, was up 6% to $4.281 billion.
“We’re very pleased with our financial performance in the first quarter. Our Parks and Resorts delivered excellent results and, coming off a record year, our Studio had three global hits including our first billion-dollar film of fiscal 2017, Rogue One: A Star Wars Story,” said CEO Robert A. Iger.
Here’s a graph that looks at Disney’s latest earnings performance:
Walt Disney Company (The) Price, Consensus and EPS Surprise
Walt Disney Company (The) Price, Consensus and EPS Surprise | Walt Disney Company (The) Quote
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.
Check back later for our full analysis on Disney’s latest earnings report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>