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Will Disney’s financial results beat, miss, or match the forecasts?
Mark Your Calendar – Disney’s Earnings.
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The Walt Disney Company (DIS) will be reporting on Tuesday May 8th, 2018 after the US market close.
The Walt Disney Company (DIS) is a fascinating stock in the Services environment, in that it focuses on Entertainment.
The company has been a staple of family entertainment since it released its first fully animated movie, Snow White, in 1937.
Disney has proven to be one of the most powerful brands in the world.
According to Forbes, Disney is the seventh most valuable brand globally, with an estimated value of $43.9 bn.
The Forecast
The overwhelming success of Black Panther at the box office, to the tune of 1.3bn US Dollars, will contribute to Disney’s bottom line, primarily in Q2, after the disappointing results of another Disney movie – “A Wrinkle in Time”.
Currently, Disney derives most of its revenues from the Studio Entertainment and Parks & Resorts divisions, thanks to a huge and enthusiastic fan-base.
Last quarter, it was mainly the Parks & Resorts division that drove revenue, as other company divisions were flat or even generated losses.
At the end of the day, the entertainment giant reported an EPS of $1.89, beating consensus estimates of $1.61, but generated less revenue than expected ($15.35bn vs. $15.47bn).
The consensus anticipates earnings of $1.69 per share in Q1 2018 and revenues of 14.08bn.
What do you think?
Will Disney manage to continue driving profitability against lower revenues? Or will Disney prospects deteriorate?
