We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Disney (DIS) Crushes Q2 Earnings Estimates, Revenue Up 9%
Read MoreHide Full Article
The Walt Disney Company (DIS - Free Report) just released its second quarter financial results, posting adjusted earnings of $1.84 per share and revenues of $14.55 billion.
Disney is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Disney are down 8% over the last year, but have popped 2.8% over the last four weeks. The company also saw its stock price sink 0.70% on Tuesday to hit $101.76 per share prior to the release of its quarterly earnings results.
Disney stock is currently up 0.60% to $102.40 per share in after-hours trading shortly after its earnings report was released.
DIS:
Beat earnings estimates. The company posted adjusted earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.68 per share.
Beat revenue estimates. The company saw revenue figures of $14.55 billion, topping our consensus estimate of $14.23 billion.
Disney saw its quarterly revenues pop roughly 9% from $13.34 billion in the year-ago period. Meanwhile, the media and entertainment giant’s adjusted EPS figure climbed roughly 23% from $1.50 per share.
Looking at specific business segments, Disney’s Media Networks unit, which includes the struggling ESPN, saw its revenue climb 3% to $6.14 billion, topping our $6.12 billion estimate. Disney’s Parks and Resorts revenue surged 13% to $4.88 billion, which fell short of our $5.24 billion estimate.
The company’s last major unit, Studio Entertainment, saw its revenue soar 21% to $2.45 billion, which missed our $2.85 billion estimate.
“Our ability to create extraordinary content like Black Panther and Avengers: Infinity War and leverage it across all business units, the unique value proposition we’re creating for consumers with our DTC platforms, and our recent reorganization strengthen our confidence that we are very well positioned for future growth,” CEO Robert Iger said in a company statement.
Here’s a graph that looks at DIS’ Price, Consensus and EPS Surprise history:
The Walt Disney Company Price, Consensus and EPS Surprise
Check back later for our full analysis on DIS’ earnings report!
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.
Image: Bigstock
Disney (DIS) Crushes Q2 Earnings Estimates, Revenue Up 9%
The Walt Disney Company (DIS - Free Report) just released its second quarter financial results, posting adjusted earnings of $1.84 per share and revenues of $14.55 billion.
Disney is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Disney are down 8% over the last year, but have popped 2.8% over the last four weeks. The company also saw its stock price sink 0.70% on Tuesday to hit $101.76 per share prior to the release of its quarterly earnings results.
Disney stock is currently up 0.60% to $102.40 per share in after-hours trading shortly after its earnings report was released.
DIS:
Beat earnings estimates. The company posted adjusted earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.68 per share.
Beat revenue estimates. The company saw revenue figures of $14.55 billion, topping our consensus estimate of $14.23 billion.
Disney saw its quarterly revenues pop roughly 9% from $13.34 billion in the year-ago period. Meanwhile, the media and entertainment giant’s adjusted EPS figure climbed roughly 23% from $1.50 per share.
Looking at specific business segments, Disney’s Media Networks unit, which includes the struggling ESPN, saw its revenue climb 3% to $6.14 billion, topping our $6.12 billion estimate. Disney’s Parks and Resorts revenue surged 13% to $4.88 billion, which fell short of our $5.24 billion estimate.
The company’s last major unit, Studio Entertainment, saw its revenue soar 21% to $2.45 billion, which missed our $2.85 billion estimate.
“Our ability to create extraordinary content like Black Panther and Avengers: Infinity War and leverage it across all business units, the unique value proposition we’re creating for consumers with our DTC platforms, and our recent reorganization strengthen our confidence that we are very well positioned for future growth,” CEO Robert Iger said in a company statement.
Here’s a graph that looks at DIS’ Price, Consensus and EPS Surprise history:
The Walt Disney Company Price, Consensus and EPS Surprise
The Walt Disney Company Price, Consensus and EPS Surprise | The Walt Disney Company Quote
Check back later for our full analysis on DIS’ earnings report!
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>>