Disney at the MoffettNathanson event
On May 13, The Walt Disney Company (DIS) participated in the MoffettNathanson Media & Communications Summit. At the onset of the event, Michael Nathanson—an analyst at MoffettNathanson—commented on company’s performance. He said, “So, in what has been a really difficult environment for media, and I showed that earlier in my presentation, Disney is firing on all cylinders.”
Disney’s performance in 2Q15
Disney did perform well in 2Q15. The media conglomerate’s revenue increased by ~7% year-over-year to ~$12.5 billion. The company beat Wall Street’s consensus revenue estimate by ~2% during the quarter.
The company’s earnings grew by ~10% year-over-year to reach ~$2.1 billion. Disney’s adjusted EPS (earnings per share) increased by ~11%, year-over-year to ~$1.23 in 2Q15. The company beat Wall Street consensus EPS estimate by a significant ~12% during the quarter.
Disney is the largest media company in the United States, with a market capitalization of ~$187.59 billion as of May 19, 2015. Comcast (CMCSA) is the second-largest, with a market capitalization of ~$121.49 billion on the same date. The other large media players are Time Warner (TWX) and Twenty-First Century FOX (FOXA).
If you want to take on diversified exposure to Disney, you may invest in the Consumer Discretionary Select Sector SPDR Fund (XLY). It held ~7.4% in the media conglomerate on April 30, 2015.
You may take on more diversified exposure to the company by investing in the SPDR S&P 500 ETF (SPY). It held ~0.9% in the company on the same date.