How Did Disney’s Q1 2019 Results Turn Out?



Disney beat estimates

The Walt Disney Company (DIS) impressed investors yet again by beating analysts’ expectations on both earnings and revenue in the first quarter of fiscal 2019, which ended on December 31, 2018. It reported its results after the market bell on February 5.

Disney’s results marked a downturn from its previous year’s results. Its stock rose more than 2% in after-hours trading on February 5 following its upbeat first-quarter results.

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Disney stock has risen 2.7% YTD (year-to-date) as of February 5. However, the stock has risen 9.3% in the past year. In comparison, the stocks of Disney’s media peers Comcast (CMCSA), Netflix (NFLX), Dish Network (DISH), and CBS (CBS) have risen 9.1%, 32.9%, 25.1%, and 13.9%, respectively, YTD as of February 5.

First-quarter results

Disney reported EPS of $1.86, down 36% YoY (year-over-year) from $2.91 in the same quarter of the previous year. On an adjusted basis, Disney’s EPS were $1.84, which surpassed analysts’ expectations but fell compared to the same quarter in the previous year. Its adjusted EPS in the first quarter beat analysts’ estimates by 18.7% and were down ~36.2% from a year earlier.

The company’s revenue was upbeat in the quarter but almost flat YoY. Its revenue of $15.30 billion exceeded analysts’ consensus estimate of $15.14 billion by 1.1%. Its revenue was marginally lower than its revenue of $15.35 billion in the same quarter last year.


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