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Disney company tops Wall Street estimates

11 August 2022 By Klavs Valters

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The Walt Disney Company (DIS) reported the latest financial results for its third fiscal quarter after the closing bell on Wednesday.

World’s largest entertainment company reported revenue of $21.504 billion for the quarter (up 26% year-over-year), topping Wall Street forecast of $20.994 billion.

Earnings per share reported at $1.09 per share (up 35% year-over-year) vs. $0.97 per share estimate.

”We had an excellent quarter, with our world-class creative and business teams powering outstanding performance at our domestic theme parks, big increases in live-sports viewership, and significant subscriber growth at our streaming services. With 14.4 million Disney+ subscribers added in the fiscal third quarter, we now have 221 million total subscriptions across our streaming offerings,” said Bob Chapek, CEO of Walt Disney in a press release.

”We continue to transform entertainment as we near our second century, with compelling new storytelling across our many platforms and unique immersive physical experiences that exceed guest expectations, all of which are reflected in our strong operating results this quarter,” Chapek concluded.

The Walt Disney Company (DIS) chart

Shares of Disney were up by 3.98% at the close on Wednesday at $112.42 a share. The stock price rose by around 6% in the after-hours trading following the latest results announcement.

Here is how the stock has performed in the past year:

  • 1 Month +20.97%
  • 3 Month +86%
  • Year-to-date -27.41%
  • 1 Year -36.87%

Walt Disney price targets

  • RBC Capital $150
  • Truist Securities $125
  • Goldman Sachs $130
  • Wells Fargo $130
  • Keybanc $131
  • Barclays $120
  • Citigroup $145
  • Morgan Stanley $125
  • Deutsche Bank $130

The Walt Disney Company is the 47th largest company in the world with a market cap of $204.78 billion.

You can trade The Walt Disney Company (DIS) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: The Walt Disney Company, TradingView, MetaTrader 5, Benzinga, CompaniesMarketCap

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