Walt Disney is drawing heavy investor attention on Zacks.com, with the entertainment company rated Zacks Rank #3 (Hold) on the strength of recent earnings estimate revisions. For the current quarter, Disney is expected to post earnings of $1.66 per share, a change of +49.6% from the year-ago quarter, and the Zacks Consensus Estimate has moved +1.2% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $6.91 points to a change of +16.5% from the prior year, while the next fiscal year's estimate of $7.47 indicates a change of +8.2%. On the revenue side, the consensus sales estimate of $24.95 billion for the current quarter points to a year-over-year change of +11.1%, with the $101.38 billion and $106.09 billion estimates for the current and next fiscal years indicating changes of +7.4% and +4.7%, respectively. In its last reported quarter, Disney posted revenues of $25.25 billion, up +6.8% year over year, and EPS of $2.06 versus $1.61 a year ago, a revenue surprise of -0.91% against the Zacks Consensus Estimate of $25.48 billion and an EPS surprise of +9.57%.
Walt Disney CompanyDisney's Zacks Rank #3 (Hold) and upward earnings estimate revisions, with quarterly EPS seen jumping 49.6%, reflect positive analyst valuation/earnings momentum.
