Will Walt Disney Co (NYSE:DIS) Beat Earnings Estimates?

The reported earnings missed the analyst’s consensus by $-0.06 with the surprise factor of -5.20%. During the same period in the prior year, the company posted $1.20 earnings per share.

The Walt Disney Company (NYSE:DIS), stock is trading $111.99 above the 52-week high and has displayed a high EPS growth of 17.90% in last 5 years.

Atwood & Palmer Inc. increased its position in Walt Disney Company (The) (NYSE:DIS) by 5.9% during the third quarter, Holdings Channel reports. Comparatively, growth in the past five years was 18.14 percent (per annum).

Disney ended 2016 beating Wall Street’s earnings expectations, but apparently not enough to outweigh a disappointing number on its top line.

Walt Disney investors are on edge about ESPN, the company’s highly profitable sports network, and the company’s earnings report on Tuesday only reinforced those doubts. Full-year sales forecasts are pegged at $57.42B, representing an increase of almost 3.22% over last fiscal year’s revenues of $55.63B.

Over the couple years DIS has established a strong pattern of missing Street earnings views 16% of the time, according to historical earnings data, met predictions on 0 occasions and surpassed estimates 10 times over the last couple years. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. The mean price target for the company’s stock is $114.39 while the highest price target suggested by the analysts is $133.00 and low price target is $85.00.

The Walt Disney Company’s volatility stands at 1.05% and the average volume is 8317.44.

DIS stock’s price is now -2.16% down from its 52-week high and +28.95% up from its 52-week low.

The Company has 1583.83 million shares outstanding and 1514.42 million shares were floated in market. Although DIS stock soared almost 18% in the last three months to the highest level in the thirteen months, the company’s future fundamentals and lower valuations suggest further upside in the coming days. The company’s Relative strength index is 65.95. The top analyst target is $95, and the lowest target is $70 on the stock. A 1 rating would point to a Strong Buy, and a score of 5 would signify a Strong Sell rating. Insiders sold a total of 33,108 shares of company stock valued at $3,372,163 over the last three months. During the same period a year ago, the company earned $1.20 EPS. So a 20-day SMA will have less lag than the 200-day SMA.

But earnings at $1.55 a share topped forecasts for $1.50. Fitbit Inc. (NYSE:FIT) has a Return on Assets of 6.2 percent, Return on Equity of 9.6 percent, while Return on Investment of 24 percent. Analysts polled by Thomson Reuters estimated earnings of $1.50 per share. According to a research note disclosed on Jan 12, 2017, analysts at Pivotal Research Group have lowered their rating on these shares from Hold to Sell. The high end of the revenue guidance is $343 Million and the low end is $251.8 Million.