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ABC, ESPN, and More: What Drove Disney's Growth in Fiscal 3Q16?

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ABC, ESPN, and More: What Drove Disney's Growth in Fiscal 3Q16? PART 1 OF 7

Did Disney Meet Wall Street Estimates in Fiscal 3Q16?

Disney in fiscal 3Q16

The Walt Disney Company (DIS) announced its fiscal 3Q16 earnings on August 9, 2016. Disney’s stock price closed at $97.86 on August 10. The company’s share price has risen by 2.2% since its results were announced.

Disney’s stock price has fallen by around 8% year-to-date (or YTD). In contrast, Time Warner (TWX) has seen its stock price rise by a phenomenal 23.9% YTD. On the other hand, 21st Century Fox (FOXA) has seen its stock price fall by 6.3%, and CBS (CBS) has seen its stock price rise by 9.8% YTD.

Did Disney Meet Wall Street Estimates in Fiscal 3Q16?

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Disney announced EPS (earnings per share) of $1.62 in fiscal 3Q16, a rise of 12% over fiscal 3Q15. Disney’s EPS in fiscal 3Q16 were in line with Wall Street analysts’ consensus estimate of $1.61.

Disney had revenue of $14.2 billion in fiscal 3Q16, a rise of 9% year-over-year. The company had an operating income of $4.5 billion in fiscal 3Q16, a rise of 8% over fiscal 3Q15. It reported net income of $2.6 billion.

In this series…

In this series, we’ll discuss the key factors that drove Disney’s revenue in fiscal 3Q16. We’ll also look at how Disney’s business segments performed in the quarter, and why Disney could have acquired a minority stake in BAMTech.

But first, let’s look at how analysts are rating Disney after its fiscal 3Q16 results.

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