Walt Disney Earnings: Here’s Why Shares are Down Now

Walt Disney Co. (NYSE:DIS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.81%.

Walt Disney Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 1.98% to $1.03 in the quarter versus EPS of $1.01 in the year-earlier quarter.

Revenue: Rose 4.42% to $11.58 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Walt Disney Co. reported adjusted EPS income of $1.03 per share. By that measure, the company beat the mean analyst estimate of $1.01. It missed the average revenue estimate of $11.64 billion.

Quoting Management: “We are pleased with the results we delivered in the third quarter,” said Robert A. Iger, Chairman and CEO of The Walt Disney Company. “We are confident that our strategy of creating high-quality branded content positions us well for the future.”

Key Stats (on next page)…

Revenue increased 9.7% from $10.55 billion in the previous quarter. EPS increased 30.38% from $0.79 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 $0.85 to a profit $0.84. For the current year, the average estimate has moved down from a profit of $3.48 to a profit of $3.44 over the last ninety days.

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