Media

What to Expect From Disney Earnings

Disney_Store
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Walt Disney Co. (NYSE: DIS) is set to report its fiscal third-quarter financial results on Tuesday after the markets close. The consensus estimates from Thomson Reuters call for $1.42 in earnings per share (EPS) on $13.22 billion in revenue. The same period from the previous year had $1.28 in EPS on $12.47 billion in revenue.

This company is a top consumer media company with multiple streams of income to push revenue and the stock is also included on the Merrill Lynch US1 list. Disney shares continue to outperform on a near- and long-term basis. With the movie studio business poised to improve and the accelerating theme park business, the network programming continues to drive viewerships with extensive sports programming. Combining that revenue growth with the company’s solid media networks and interactive presence, and 2015 revenue estimates could be conservative.

The Disney Media Networks segment operates broadcast and cable television networks, domestic television stations and radio networks and stations, and it is involved in television production and distribution operations. Its cable networks include ESPN, Disney Channels and ABC Family, as well as UTV/Bindass and Hungama. This segment owns eight domestic television stations. Disney is also one of 24/7 Wall St. top stocks to own for the next decade.

The House of Mouse’s second-quarter performance, marked by increased revenue, net income and EPS of $1.23, demonstrated the incredible ability of its strong brands and quality content to drive results. The power of this winning combination was reflected in the phenomenal worldwide success of “Marvel’s Avengers: Age of Ultron.” Disney’s pipeline for films coming later in 2015 are stacked as well, capped off by the much-anticipated next Star Wars film.

So far year to date, Disney shares have performed exceedingly well, they are up 28%. Within the past 52-weeks shares are up 42%.

Shares of Disney were up 0.4% at $120.43 on Monday afternoon. The stock has a consensus analyst price target of $122.70 and a 52-week trading range of $78.54 to $121.73.

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