Walt Disney Beats Up on Analysts Yet Again
May 9th 2012 11:23AM
Updated May 9th 2012 11:24AM
Walt Disney (NYS: DIS) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q2), Walt Disney met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share increased significantly.
Margins improved across the board.
Walt Disney reported revenue of $9.63 billion. The 26 analysts polled by S&P Capital IQ predicted a top line of $9.56 billion on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $9.08 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.58. The 26 earnings estimates compiled by S&P Capital IQ predicted $0.55 per share. GAAP EPS of $0.63 for Q2 were 29% higher than the prior-year quarter's $0.49 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.5%, 70 basis points better than the prior-year quarter. Operating margin was 17.5%, 70 basis points better than the prior-year quarter. Net margin was 11.9%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $11.19 billion. On the bottom line, the average EPS estimate is $0.91.
Next year's average estimate for revenue is $42.57 billion. The average EPS estimate is $2.96.
The stock has a five-star rating (out of five) at Motley Fool CAPS.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Walt Disney is outperform, with an average price target of $46.30.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Walt Disney. Motley Fool newsletter services have recommended buying shares of Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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