Saturday, April 13, 2024

Walt Disney Co (NYSE:DIS): Reviewing Earnings Estimates

Wall Street analysts are predicting that Walt Disney Co (NYSE:DIS) will report earnings per share of $1.40 in their quarterly report. The firm is expected to announce results on 5/10/2016, After Market Close.

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company operates broadcast and cable television networks, domestic television stations, and radio networks and stations; and is involved in the television production and television distribution operations. Its cable networks include ESPN, Disney Channels, and ABC Family, as well as UTV/Bindass and Hungama.

The company owns eight domestic television stations. It also owns and operates the Walt Disney World Resort in Florida that includes theme parks; hotels; vacation club properties; a retail, dining, and entertainment complex; a sports complex; conference centers; campgrounds; golf courses; water parks; and other recreational facilities.

For the current quarter the company has high EPS estimates of $1.54 in contradiction of low EPS estimates of $1.34. However a year ago for the same quarter the company has reported $1.23 EPS. Average estimation for the current quarter has been provided by 31 analysts. The consensus EPS number is provided by Zacks Research, which might differ from other data providers.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.

A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously Walt Disney Co (NYSE:DIS) reported $1.63 earnings per share (EPS) for the quarter on 2/9/2016After Market Close, beating the Zacks’ consensus estimate of $1.45 by $0.18 with surprise factor of 12.40%. For the current quarter the company has average revenue estimates of $13.19 billion, compared to low analyst estimates of $12.53 billion and high estimates of $13.43 billion a total number of 28 analysts provided estimations over revenues. Analysts anticipate that the company will post on average $5.85 EPS for the current year.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $109.50 on Walt Disney Co (NYSE:DIS). Brokerage firms on the street have price targets on the name ranging from $88.00 to $130.00 based on 28 opinions. This is the average taken from the individual analysts which provided targets as calculated by Thomson Reuters First Call. These are short term projections for the 12 months.

New Colombia Resources, Inc. (NEWC) a U.S. company with premium metallurgical coal and building material mining titles, medical marijuana, and industrial hemp and other resource operations in Colombia, on May 4, 2016 announced a project to build a water reservoir near a 1200-acre theme park to be built in Girardot, Colombia.

Their property is 25 miles from Girardot where they believe the Walt Disney Co (NYSE:DIS) is building their fifth theme park and first in Latin America. Last May the Mayor of Girardot publicly announced that Disney executives were scouting for 1200-acres to build a theme park in his town. A few days later he retracted his statement saying, “it’s a group of Mexican investors building a 1200 acre “Disney like” theme park.

New Colombia’s sources have confirmed it is Disney that has bought over 1000 acres so far. New Colombia Resources cannot speak for Disney but will contact them for a potential investment in the much needed reservoir. The existing aqueduct system in Melgar was built in the 1950’s and used asbestos in the cement water pipes, adding to the need for an additional water supply.

In 2014, Erasmo Almanza, Director of New Colombia Resources, Inc., purchased 8 Ha. (20 Acres) in Melgar, Colombia to apply for a mining title to supply sand building material to the municipality and build a resort hotel. The property has 1000 feet of road frontage for easy access to the building materials. It also has two water falls that will be used to build a much needed water reservoir. The mining title application number is PB4-08441 for 27 hectares of which the Company owns 8 hectares.

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