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News Breaks
February 5, 2013
12:27 EDTDISEarnings Preview: Disney sees 'difficult' Q1 comparisons in studio unit
Disney (DIS) is scheduled to report Q1 results after the market close on Tuesday, February 5, with a conference call scheduled for 5:00 pm ET. The Walt Disney Company is a diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media... EXPECTATIONS: Analysts are looking for EPS of 76c on revenue of $11.21B, according to First Call. The consensus range for EPS is 70c-80c on revenue of $10.98B-$11.41B... LAST QUARTER: Disney reported Q4 EPS of 68c against estimates for 68c on revenue of $10.78B against estimates for $10.92B. The company's media networks revenue was $4.88B vs. $4.8B a year ago, while its studio entertainment revenue was $1.4B vs. $1.46B a year ago. On its Q4 earnings conference call, Disney forecast "difficult" Q1 comparisons in its studio unit from home entertainment, and said that at cable, domestic sports rights costs will be $170M higher in Q1 vs. last year. The company also said Q1 parks and resorts results would be impacted by a timing shift. During the quarter, Disney announced plans to shut down Disney Movies online, its Web Movie service, as the site wasn't keeping up with user demands, and also said it would shutter Junction Point Studios. Disney also increased its annual dividend 25% to 75c per share. Disney and Netflix (NFLX) announced a multi-year licensing agreement that will make Netflix the exclusive U.S. subscription television service for first-run live-action and animated feature films from The Walt Disney Studios. Reuters recently reported that Disney recently started an internal cost cutting review, which could lead to layoffs at its studio and other units... STREET RESEARCH: Stifel Nicolaus expects Disney to benefit from multiple catalysts including a compelling content cycle for its Studio unit and a swing to profitability at its Interactive business. The firm expects Disney's EPS growth to accelerate. B. Riley upgraded Disney to Buy from Neutral on January 23 based on valuation, a strong film slate, higher Theme Park margins and a higher rate card at ESPN... PRICE ACTION: Over the last three months, Disney shares are up almost 8%. Year-to-date, shares are up over 8%. Ahead of earnings, Disney is up almost 0.5% to $54.14.
News For DIS From The Last 14 Days
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August 17, 2014
15:42 EDTDISParamount's 'Ninja Turtlesí holds on to box office lead, Bloomberg says
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August 14, 2014
19:59 EDTDISWal-Mart sees rise in DVD orders following Disney, Amazon feud, Bloomberg says
Wal-Mart's (WMT) online division has capitalized on a feud between Disney (DIS) and Amazon (AMZN) by offering discounted pre-orders on Walt Disney DVDs, according to Bloomberg. Wal-Mart pre-orders of "Captain America" have increased by 90%, while orders of other Disney DVDs have increased by 40%, Bloomberg added, citing an e-mail from Wal-Mart spokesman Dan Toporek. Reference Link
August 12, 2014
08:01 EDTDISDisney price target raised to $101 from $96 at Argus
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05:58 EDTDISAmazon's Disney dispute about more than pricing, WSJ reports
Amazon's (AMZN) dispute with Disney (DIS) is about more than pricing, according to the Wall Street Journal, and concerns promotion and product placement on Amazon's website. Additionally, the dispute encompasses questions over "who makes up the difference when Amazon loses money to match the prices of competitors," a source says. Reference Link
05:53 EDTDISDisney cuts employees at DisneyToon Studios, Variety reports
Disney is cutting at least 16 employees at its DisneyToon Studios unit, which produced "Planes: Fire & Rescue," Variety reports, citing sources. Reference Link
05:24 EDTDISDisney, PANDORA Jewelry announce strategic alliance
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August 10, 2014
17:04 EDTDISParamount's 'Teenage Mutant Ninja Turtles' tops weekend box office, WSJ says
Paramount Pictures' (VIA,VIAB) "Teenage Mutant Ninja Turtles" edged out Disney's (DIS) "Guardians of the Galaxy," opening to an estimated $65M in the U.S. and Canada, says the Wall Street Journal. Reference Link
15:21 EDTDISAmazon stops preorders of some Disney movie titles, WSJ says
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August 8, 2014
06:04 EDTDISLisa and Ben Donovan leave Maker Studios, Re/code reports
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August 7, 2014
13:25 EDTDISEarnings Preview: CBS shares little changed since Q1 report
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August 6, 2014
16:01 EDTDISOptions Update; August 7, 2014
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13:01 EDTDISCharter, ESPN sign distribution agreement for SEC Network
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09:18 EDTDISDisney price target raised to $105 from $94 at BofA/Merrill
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09:13 EDTDISDisney price target raised to $96 from $90 at BMO Capital
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06:43 EDTDISDisney price target raised to $100 from $90 at JPMorgan
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