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The Walt Disney's Fourth Quarter Earnings Report
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The Walt Disney Company (NYSE:DIS) announced its results for the most recent quarter on November 8, 2012. Walt Disney is an entertainment company with operations in: media networks, parks and resorts, studio entertainment, and consumer products.
Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: Can Earnings Guidance Accurately Predict The Future?
The Numbers: The Walt Disney's EPS fell in line with analyst expectations of 68 cents per share while quarterly revenue of $10.78 billion topped estimates of $9.56 billion. EPS rose 15.3% while revenue climbed 3.4% from the same period last year. The Walt Disney's revenue has grown during each of the past four quarters on a year-over-year basis. For the fourth quarter, the company reported net income of $1.24 billion, up 14.4% from the year-ago quarter. Last quarter marked the third in a row of rising net income.
Management Quote: "Fiscal 2012 was a great year creatively, financially and strategically, resulting in record revenue, net income, and earnings per share," said Disney Chairman and CEO Robert A. Iger. "The addition of Lucasfilm will further fuel Disney's creative engine across our company to create additional value for our shareholders and we're confident the Company is well positioned to continue our strong performance and growth."
A Look Back: Net income has increased 20.5% year-over-year on average across the last five quarters. The biggest gain came in the fourth quarter of the last fiscal year, when income climbed 30.2% from the year-earlier quarter.
Looking Ahead: When earnings estimates stay consistent leading up to earnings season, this usually shows analysts accurately predicted earnings estimates and business is stable. Be cautious though as this may also be a warnings sign that earnings could come at a huge surprise to the upside or downside as analyst did not correctly predict earnings. Steady earnings estimates mean there is not enough change going on with the company to make analysts change their opinions. When earning estimates are steady, investors can look at the revenue trend for a more fundamental indicator. The average estimate for the fiscal year is now $3.08 per share, down from $3.09 60 days ago.
Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: Can Earnings Guidance Accurately Predict The Future?
The Numbers: The Walt Disney's EPS fell in line with analyst expectations of 68 cents per share while quarterly revenue of $10.78 billion topped estimates of $9.56 billion. EPS rose 15.3% while revenue climbed 3.4% from the same period last year. The Walt Disney's revenue has grown during each of the past four quarters on a year-over-year basis. For the fourth quarter, the company reported net income of $1.24 billion, up 14.4% from the year-ago quarter. Last quarter marked the third in a row of rising net income.
Management Quote: "Fiscal 2012 was a great year creatively, financially and strategically, resulting in record revenue, net income, and earnings per share," said Disney Chairman and CEO Robert A. Iger. "The addition of Lucasfilm will further fuel Disney's creative engine across our company to create additional value for our shareholders and we're confident the Company is well positioned to continue our strong performance and growth."
A Look Back: Net income has increased 20.5% year-over-year on average across the last five quarters. The biggest gain came in the fourth quarter of the last fiscal year, when income climbed 30.2% from the year-earlier quarter.
Looking Ahead: When earnings estimates stay consistent leading up to earnings season, this usually shows analysts accurately predicted earnings estimates and business is stable. Be cautious though as this may also be a warnings sign that earnings could come at a huge surprise to the upside or downside as analyst did not correctly predict earnings. Steady earnings estimates mean there is not enough change going on with the company to make analysts change their opinions. When earning estimates are steady, investors can look at the revenue trend for a more fundamental indicator. The average estimate for the fiscal year is now $3.08 per share, down from $3.09 60 days ago.
by
Investopedia Staff
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