(DIS) Is Down After Q4 Revenues Fell Short

Investors wait Walt Disney Co (NYSE:DIS) to report on November, 5 after the close. its quarterly earningsWall Street analysts expect $1.16 earnings per share, up $0.27 or 30.34% from last year’s $0.89 same quarter earnings.

Following months of hype, expectations are massive; a few analysts think “The Force Awakens” could take in $2 billion or more at the global box office, making it one of the biggest movies of all time. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Deutsche Bank decreased their target price on Walt Disney from $120.00 to $114.00 and set a “hold” rating for the company in a research note on Tuesday, August 11th. Finally, Wells Fargo downgraded shares of Walt Disney to a “hold” rating in a research report on Monday, September 21st. The stock now has a 50-day SMA of $n/a and 200-day SMA of $n/a, and it has a high of $122.08 and low of $88.65 over the a year ago. The company’s stock had a trading volume of 20,736,921 shares. ESPN reported strong performance, with ad revenue up 5% in the period.

Walt Disney Co (NYSE:DIS) has risen 9.58% since April 1, 2015 and is uptrending. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Walt Disney.

Disney shares were roughly unchanged in after-hours trading. On average, equities analysts predict that Walt Disney will post $5.09 EPS for the current fiscal year. Chen John S sold 6,000 shares worth $611,822.

Revenue for Disney’s parks and resorts reached $4.4bn.

Excluding one-time items – specifically $399 million in deferred taxes related to the recapitalization of Disneyland Paris – Disney had a per-share profit in the quarter of $1.20, a 35 percent increase from the year-earlier period. Topeka Capital Markets maintained the stock on October 29 with “Buy” rating. Following the completion of the sale, the director now owns 48,936 shares of the company’s stock, valued at approximately $4,990,003.92. Walt Disney presently has an average rating of “Buy” and a consensus target price of $115.85. The firm has a market cap of $191.15 billion and a price-to-earnings ratio of 23.58. Walt Disney Parks and Resorts is a well-known provider of family travel and leisure experiences.

Consumer Products increased its revenues by 11% to $1.2 billion, with a 10% increase in operating income to $415 million.

Speculation prior to the report was laden with both hopes and fears – the former over the pending release in December of the first “Star Wars” film since Disney’s purchase of Lucasfilm put it in control of the franchise, the latter tied to growing concerns that consumers are ditching cable TV packages that have been a bulwark of the conglomerates profits.