Walt Disney (NYSE: DIS ) is expected to report Q3 earnings on Aug. 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Walt Disney's revenues will improve 6.0% and EPS will grow 19.2%.
The average estimate for revenue is $11.31 billion. On the bottom line, the average EPS estimate is $0.93.
Last quarter, Walt Disney chalked up revenue of $9.63 billion. 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.
Last quarter, non-GAAP EPS came in at $0.58. 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 preceding 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.
The full year's average estimate for revenue is $42.80 billion. The average EPS estimate is $3.02.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 4,990 members rating the stock outperform, and 335 members rating it underperform. Among 1,432 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,379 give Walt Disney a green thumbs-up, and 53 give it a red thumbs-down.
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.