Earnings Reaction History: The Walt Disney Company, 60.0% Follow-Through Indicator, 3.3% Sensitive

Bob Iger

The company had revenue of $14784.00 million for the quarter, compared to analysts expectations of $15289.44 million. Remember, too, that DIS has a number of other channels feeding into its broadcast revenues, in its ESPN, Disney and ABC network families.

In a quarterly earnings conference call this afternoon, Walt Disney Company CEO Bob Iger revealed the opening dates for the company's upcoming theme park lands based on Avatar and Star Wars. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

After the release of Disney's earnings report, its stock opened at $109.65 on Wednesday, reached a high of $109.73, but eventually closed down at $109.00 flat. The stock lost nearly -0.05% in price since last earning report, when its share price was $4.35. The stock has a market capitalization of $175.54 billion, a P/E ratio of 19.25 and a beta of 1.25.

The Fibo Retracements are between swing low from November 09 (before the Q4 earnings) and swing high on February 01 (prior to Q1 speculations). The current value of the RSI is 39.92 that is niether bought nor sold range.

In addition, several analysts, including Morgan Stanley and Piper Jaffray, increased their price targets for Walt Disney's stock price.

Many analysts have provided their estimated foresights on The Walt Disney Company Earnings, with 30 analysts believing the company would generate an Average Estimate of $1.5.

As expected, issues at ESPN weighed heavily on first quarter earnings at Disney.

Consumer Products and Interactive Media revenue for the first quarter decreased by 23% to US$1.47 billion, and operating income in the same quarter fell 25% to US$642 million, cause by a drop-off in sales of Star Wars universe and Frozen merch from 2016. ESPN's weak results were driven by a 7% decline in its advertising revenue compared to the first quarter past year.

Net income in the quarter declined 14% to $2.5 billion or $1.55 per diluted share compared to the $2.9 million or $1.73 per share in the same quarter a year ago.

On Wall Street, consensus revenue estimates stand at $15.26 billion, about flat to last year's revenue of $15.24 billion, according to third-party consensus estimates on the Earnings Analysis* tab on the thinkorswim® platform from TD Ameritrade. The company had box-office gross revenue of $3 billion domestically and $4.6 billion overseas. Meanwhile, DIS's studio segment posted the revenue of $2.52 billion and $842 million in operating income.

He said other growth areas came from the U.S. entertainment giant's studio, which had three global hits, including "Rogue One: A Star Wars Story".

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