Walt Disney (NYSE: 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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