Monday, November 5, 2012

The Walt Disney Company 4th Quarter Preview

Disney (NYSE:DIS) will release its fourth quarter results on Thursday, November 8, 2012. Analysts are expecting the company to report a profit of 68 cents a share, up from 59 cents a year ago.

What to Expect:
The consensus estimate for Disney's earnings is 68 cents per share, up 15.3% from a year ago when the company reported earnings of 59 cents per share.

Disney is expected to report revenue of $10.91 billion for the quarter, beating last year's figure of $10.43 billion by 4.7%. The anticipated revenue for the fiscal year is $42.45 billion.

Company Performance:
These last four quarters have marked year-over-year revenue growth. It rose 3.9% in the third quarter, 6.1% in the second quarter, 0.6% in the first quarter and 7% in the fourth quarter of the last fiscal year.

The Competition:
Walt Disney is an entertainment company with operations in: media networks, parks and resorts, studio entertainment, and consumer products. The majority of analysts (15 of 25) rate Disney a buy. Buy ratings have increased slightly over the last three months.

The company's closest competitor in the broadcasting and cable tv industry is Comcast (CMCSA). Analysts are less optimistic about Disney than about Comcast. Eighteen out of 23 analysts rate the latter a buy.

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