What Analysts Are Saying About Disney After Earnings

By Chris Lange Updated Jan 11, 7:37PM EST · Published Aug 9, 1:55PM EDT

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What Analysts Are Saying About Disney After Earnings — © Wikimedia Commons

When Walt Disney Co. (NYSE: DIS) reported its most recent quarterly results late on Tuesday, investors sent the stock lower, noting a miss on both the top and bottom lines. Analysts seemed more understanding and had a decent reaction to the report.

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

The Mouse House said that it had $1.87 in earnings per share (EPS) and $15.23 billion in revenue for the fiscal third quarter. The consensus estimates were calling for $1.95 in EPS and $15.34 billion in revenue, and the same quarter of last year reportedly had $1.58 in EPS and $14.24 billion in revenue.

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In terms of its segments, Disney reported as follows:

Media Networks revenues for the quarter increased 5% to $6.2 billion and segment operating income was comparable to the prior-year quarter at $1.8 billion.

Parks and Resorts revenues for the quarter increased 6% to $5.2 billion and segment operating income increased 15% to $1.3 billion.

Studio Entertainment revenues for the quarter increased 20% to $2.9 billion and segment operating income increased 11% to $708 million.

Consumer Products & Interactive Media revenues decreased 8% to $1.0 billion and segment operating income decreased 10% to $324 million.

For the fiscal fourth quarter, analysts are looking for EPS of $1.40 and revenues of $13.85 billion. For the full year, the consensus estimates are $7.07 per share and $59.03 billion.

Here’s what analysts are saying about the report:

RBC reiterated a Buy rating with a $140 price target.
Imperial Capital has an Inline rating and raised its price target to $112 from $108.
BMO Capital Markets maintained a Market Perform rating but raised its target to $110 from $100.
Merrill Lynch maintained a Buy rating with a $144 price target.
B. Riley upgraded it to Buy from Neutral but lowered its target to $121 from $123.

Shares of Disney were last seen trading at $114.44, with a consensus analyst price target of $119.07 and a 52-week trading range of $96.20 to $117.90.

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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.