Walt Disney Earnings: Here’s Why Investors are Not Happy Now

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 down 0.18%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Walt Disney Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 36.21% to $0.79 in the quarter versus EPS of $0.58 in the year-earlier quarter.

Revenue: Rose 9.61% to $10.55 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Walt Disney Co. reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $10.48 billion.

Quoting Management: “With adjusted earnings per share up 36% over last year, we’re obviously pleased with our second quarter,” said Robert A. Iger, Chairman and CEO, The Walt Disney Company. “Our results reflect our successful strategy, the strength of our brands and the value of our high-quality creative content, all of which continue to drive long-term growth and shareholder value.”

Key Stats (on next page)…

Revenue decreased 6.94% from $11.34 billion in the previous quarter. EPS increased 0% from $0.79 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.07 and has not changed. For the current year, the average estimate has moved up from a profit of $3.44 to a profit of $3.46 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)