Walt Disney
The 10-second takeaway
For the quarter ended Sep. 29 (Q4), Walt Disney met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased significantly.
Margins grew across the board.
Revenue details
Walt Disney reported revenue of $10.78 billion. The 24 analysts polled by S&P Capital IQ anticipated a top line of $10.91 billion on the same basis. GAAP reported sales were 3.4% higher than the prior-year quarter's $10.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.68. The 28 earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. GAAP EPS of $0.68 for Q4 were 15% higher than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 18.8%, 40 basis points better than the prior-year quarter. Operating margin was 18.8%, 40 basis points better than the prior-year quarter. Net margin was 11.5%, 110 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $11.51 billion. On the bottom line, the average EPS estimate is $0.88.
Next year's average estimate for revenue is $44.99 billion. The average EPS estimate is $3.48.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 5,139 members out of 5,480 rating the stock outperform, and 341 members rating it underperform. Among 1,509 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,457 give Walt Disney a green thumbs-up, and 52 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 $53.69.
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