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Walt Disney Company Earnings Update: Did it Beat Estimate Forecasts?

Walt Disney Company (DIS) reported an earnings beat for its 1st quarter, ending 12/31/2022. Earnings per share came in at $0.99, versus the expected $0.78.

The reported revenue of $23.51 billion represents growth of 23.42% compared to the previous quarter, and growth of 7.85% compared to the same period last year.

For the 2nd quarter, analysts project earnings of $1.15 per share.

Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for DIS stock.


What’s Next for Walt Disney Company, Post-Earnings?

According to TipRanks, the average analyst consensus on DIS stock is a Strong Buy. This consensus is based on 18 analyst ratings made in the past 3 months. Walt Disney Company’s average price target of $125.38 implies upside potential of 12.17% from current levels.

See our Earnings Calendar for a full list of this week’s earnings releases.


Bottom Line

An earnings beat can signify positive movement ahead for a stock’s price. Currently, DIS price is $111.78, indicating a 5-day rise of 0.97%.


About Walt Disney Company

The Walt Disney Co. is a diversified entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer & International (DTCI).
The company owns domestic cable networks like Disney, ESPN, Freeform and National Geographic, is involved in the production and distribution of television and motion picture content, operates theme parks, resorts, cruise lines and also offers streaming services.
Founded by Walter Elias Disney on October 16, 1923, the company is headquartered in Burbank, CA..

Learn more about DIS financials here

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