The Walt Disney Co. (NYSE: DIS) will report earnings on Tuesday after the close. The past year has been very good to Disney, in part due to top box office movies and from its acquisition of Marvel in 2009. Last quarter also showed solid growth in all business segments. The strongest of these segments has been Media Networks.
The Mouse House’s consensus estimates are $1.16 earnings per share (EPS) and $12.16 billion in revenues. These estimates denote a steady increase from the second quarter, when Disney previously reported its EPS as $1.11 and revenue of $11.65 billion.
Update on Disney: WhisperNumber.com has sent us a note that the whisper number is $1.18 in earnings per share. They signaled that the whispers range from a low of $1.13 to a high of $1.20, and further said that Disney has a 71% positive surprise history (having topped the whisper in 37 of the 52 earnings reports for which it has data).
Going forward to the end of Disney’s fiscal year in September, estimates for the fourth quarter expect a lower EPS at $0.88 but an increase in revenues to $12.34 billion.
Trading at $85.38, it has a 52-week range of $60.41 to $87.63, and its consensus price target from analysts is $90.11. Disney’s 200-day moving average, which has held significantly below the stock price at $77.92, reflects the recent and potentially continued growth of the stock.
For 2014, Disney has two of the top five grossing films worldwide as of the beginning of August, “Maleficent” at $727 million and “Captain America” at $713 million. The latter’s earnings were reflected in the previous quarter, while those of “Maleficent” will be reflected in this quarter.
We recently highlighted the analyst call for Disney to go to $100 with or without Star Wars, although we would also point out that Disney has a market premium trading at almost 19 times expected 2015 earnings. This is relatively high compared to other companies within the S&P and Dow.
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