Results from Disney (DIS) look awfully good to me. EPS came in at 37 cents against consensus of 31 cents. I only see a 1 cent benefit from a lower than expected tax rate so it looks like a clean beat to me. Revenues were $8.03 billion vs. consensus of $8.18 billion, yet despite the […]
Disney (DIS) reports its 2Q06 after the close on Tuesday. Consensus calls for 31 cents against 32 cents a year ago. DIS has forecast a backend loaded year leading to a fourth straight year of 10% growth. The shares have acted well all year so there is little concern about the flat year-over-year growth forecast […]
Despite being stalled for most of the last year, Disney (DIS) has generally trended up over the past three years, rising from the upper teens to the mid-$20s. Guess what? DIS is set to complete its fourth straight year of double-digit EBITDA growth. By contrast, Time Warner (TWX) is struggling to stay in the upper […]
Disney (DIS) reported better than expected earnings with EPS coing in at 35 cents against analyst estimates taht averaged 30 cents. Estimates will go up across the board with FY06 ending September heading toward $1.45-$1.50 from $1.41 presently. Furthermore, management spoke confidently about 2Q06 (the current quarter) and reiterated expectations for a strong back half […]
Disney (DIS) reports after the close on Monday. Due to timing issues and a tough comparison in home video, the quarter is expected to show a year-over-year decline in EPS and EBITDA. However, DIS is still poised for strong growth in its FY06 ending this coming September. I believe the back-end loaded year is well […]
It is hard to add value on the Disney-Pixar transaction. I received a dozen virtually identical analyst reports and CNBC was basically DisneyPixarVision for two days. I do want to highlight notes by Rich Bilotti of Morgan Stanley and Dave Miller of Sanders Morris Harris. It is not really anybody’s fault that the notes were […]
After seeing the lead article in this morning’s Wall Street JournaI, I quickly reviewed several research reports from the past month which discussed the potential acquisition of Pixar by Disney. In an all stock transaction, as speculated today in the Wall Street Journal, analysts expect EPS dilution of around 10% for DIS at a price […]
The holiday weekend box office did nothing to stop the skeptics worries about faltering ticket sales as total receipts were down 16% from the same weekend a year ago, although vs. 2004 the receipts were up 6%. Despite the lackluster overall results, the news was good for Disney (DIS) and Lions Gate Entertainment (LGF)….
With the kids out of school and lots of folks on vacation, everyday is a Saturday for the box office, and Disney (DIS) looks like a big winner as The Chronicles of Narnia: The Lion, The Witch, and The Wardrobe is established at the top of the charts bringing in around $9 million a day. […]
The only presentation I heard from Disney (DIS) at last week’s UBS Media Conference came from George Bodenheimer, who heads up ESPN. The story at ESPN is excellent with double digit average growth in operating income through 2009 as most costs and affiliate fees are locked in. Recently, ESPN has been a bright spot while […]
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