Walt Disney Company Quarterly Earnings on Deck

S&P 500 (NYSE:SPY) component The Walt Disney Company (NYSE:DIS) will unveil its latest earnings on Tuesday, August 9, 2011. Walt Disney Company is an entertainment company with operations in: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

The Walt Disney Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 73 cents per share, a rise of 9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 79 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 73 cents during the last month. For the year, analysts are projecting profit of $2.56 per share, a rise of 23.7% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the second quarter, it reported net income of 49 cents per share against a mean estimate of 57 cents. Two quarters ago, it beat expectations by 12 cents with profit of 68 cents.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

Wall St. Revenue Expectations: On average, analysts predict $10.45 billion in revenue this quarter, a rise of 4.5% from the year ago quarter. Analysts are forecasting total revenue of $41.05 billion for the year, a rise of 7.9% from last year’s revenue of $38.06 billion.

Analyst Ratings: 13 out of 25 analysts surveyed (52%) have a buy rating on Walt Disney Company.. This is below the mean analyst rating of nine competitors, which average 61.9% buy ratings.

Key Stats:

The decrease in profit in the second quarter comes after net income rose in the previous quarter. In the second quarter, net income fell 1.2% to $942 million. In the first quarter, net income rose 54.3%.

The company’s revenue has now risen for two straight quarters. In second quarter, revenue increased 5.8% to $9.08 billion from the year earlier quarter. In the first quarter, the figure rose 10%.

Competitors to Watch: CBS Corporation (NYSE:CBS), News Corporation (NASDAQ:NWSA), Time Warner Inc. (NYSE:TWX), Comcast Corporation (NASDAQ:CMCSA), Journal Communications, Inc. (NYSE:JRN), Cumulus Media Inc. (NASDAQ:CMLS), Scripps Networks Interactive, Inc. (NYSE:SNI), Entravision Communication (NYSE:EVC), and Entercom Communications Corp. (NYSE:ETM).

Stock Price Performance: During May 9, 2011 to August 9, 2011, the stock price had fallen $9.46 (-22.3%) from $43.10 to $33.46. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 9, 2011 when shares rose for nine-straight days, rising 11.6% (+$4.51) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 9.3% (-$3.77) over that span. Shares are down $4.04 (-10.77%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>