Which Force Should Drive Disney Earnings?

Media

Published: August 4, 2015 12:05 pm

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Walt Disney Co. (NYSE: DIS) will report its fiscal third-quarter financial results Tuesday after the markets close. The consensus estimates from Thomson Reuters call for $1.42 in earnings per share EPS on $13.23 billion in revenue. The same period from the previous year had $1.28 in EPS on $12.47 billion in revenue.

First and foremost, 24/7 Wall St. considers Disney to be one of the 10 stocks to own for the next decade.

This company continues outperforming on a near-term and long-term basis. Shares are up about 10% this quarter and nearly 45% in the past 52-weeks alone. With the movie studio business poised to improve, as with the accelerating theme park business, the network programming continues to drive viewership with extensive sports programming. Combining that revenue growth with the company’s solid media networks and interactive presence, and 2015 revenue estimates could be conservative.

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During this past quarter, Disney had the third highest grossing film on the year so far in “Avengers: Age of Ultron.” Worldwide, the film grossed about $1.4 billion at the box office. The only films that beat it out were “Furious 7” and “Jurassic World.” However, Disney has an ace up its sleeve. The next Star Wars movie is set to debut in December, and early projections for easily one of the most recognizable franchises ever have this movie absolutely devastating the box office.

There was also some shuffling in the upper level of executives at Disney this past quarter. James A. Rasulo stepped down as chief financial officer (CFO) of the company effective June 30, 2015. Rasulo joined Disney in 1986 as director of strategic planning and development. Christine McCarthy was named as his replacement, and she will be the first female CFO for the House of Mouse.

In the previous earnings report, Disney saw its revenues increase across most of its segments. With the boost from the “Avengers: Age of Ultron,” Disney is sitting well going into its fiscal third-quarter earnings.

Shares of Disney were up 0.3% at $121.48 on Tuesday. The stock has a consensus analyst price target of $123.44 and a 52-week trading range of $78.54 to $121.84.

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