Walt Disney Earnings: Another Record Year Impresses Wall Street Analysts

Walt Disney Co. (NYSE:DIS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.68%.

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Walt Disney Co. Earnings Cheat Sheet

Results: Net income decreased -5.74% to $1.38 billion (79 cents per diluted share) in the quarter versus a net gain of $1.46 billion in the year-earlier quarter.

Revenue: Rose 5.2% to $11.34 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Walt Disney Co. reported adjusted net income of 79 cents per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $11.21 billion.

Quoting Management: “After delivering another record year of growth in 2012, we’re off to a solid start in Fiscal 2013,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company…

…Our ongoing success is driven by our long-term strategy, the strength of our brands and businesses, and our high quality family entertainment.”

Key Stats:

Revenue increased 5.18% from $10.78 billion in the previous quarter. Net income increased 10.93% from $1.24 billion in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.78 to a profit $0.75. For the current year, the average estimate has moved down from a profit of $3.49 to a profit of $3.4 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)