What Analysts Are Saying About Disney After Earnings

By Chris Lange Updated Jan 12, 12:02PM EST · Published May 13, 9:20AM EDT

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What Analysts Are Saying About Disney After Earnings — © Thinkstock

[cnxvideo id=”655234″ placement=”ros”]Walt Disney Co. (NYSE: DIS) reported its most recent quarterly results after markets closed on Tuesday. This report was not as strong as analysts were expecting, and investors sent shares lower, if only slightly.

24/7 Wall St. has included some highlights from the earnings report, as well as what a few analysts are saying about Disney after the fact.

The Mouse House said that it had $1.50 in earnings per share (EPS) and $13.34 billion in revenue, versus consensus estimates from Thomson Reuters that called for $1.41 in EPS and revenue of $13.45 billion. The fiscal second-quarter from last year reportedly had EPS of $1.36 and $12.97 billion in revenue.

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In terms of its business segments the Disney reported:

Media Networks revenues for the quarter increased 3% to $5.9 billion and segment operating income decreased 3% to $2.2 billion.
Parks and Resorts revenues for the quarter increased 9% to $4.3 billion and segment operating income increased 20% to $750 million.
Studio Entertainment revenues for the quarter decreased 1% to $2.0 billion and segment operating income increased 21% to $656 million.
Consumer Products & Interactive Media revenues for the quarter decreased 11% to $1.1 billion and segment operating income increased 3% to $367 million.

ESPN has been a big question mark for the company this year, and Disney somewhat addressed it in the report. Cord-cutting and declining advertising have plagued this segment, but management has a somewhat optimistic stance on ESPN. Disney Chairman and CEO Bob Iger noted that there is a rise in smaller digital streaming platforms and those that include ESPN will help increase engagement.

A few analysts weighed in on Disney after the earnings report:

Loop Capital reiterated a Hold rating with a $117 price target.
BMO Capital Markets reiterated an Underperform rating with a $95 price target.
Macquarie reiterated a Buy rating.
Piper Jaffray has a Buy rating with a $130 price target.
Wells Fargo reiterated a Market Perform rating with a $111 price target.
Jefferies reiterated a Hold rating with a $110 price target.
Goldman Sachs reiterated a Buy rating with a $134 price target.

Shares of Disney closed out the week at $109.69, with a consensus analyst price target of $118.96 and a 52-week trading range of $90.32 to $116.10.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.