Good news for the Walt Disney Company! Earnings are up, and by a fairly significant amount!
If you are so inclined, you might also want to take a look at the Disney 2011 Annual Report.
Feb 08, 2011 (SmarTrend News Watch via COMTEX) — Walt Disney (NYSE:DIS) reported Q1 EPS of $0.68, topping consensus estimates of $0.56 per share. Revenues for the quarter rose to $10.72 billion, ahead of consensus estimates of
$10.52 billion.“We had an excellent first quarter, driven by strong creative content and our unique ability to leverage great entertainment across the many platforms, businesses and markets in which we operate,” said Robert A. Iger, President and CEO. “With net income up 54%, it’s a great start to a new fiscal year.”
Walt Disney has a potential upside of 4.8% based on a current price of $41.19 and an average consensus analyst price target of $43.16.
Walt Disney is currently above its 50-day moving average (MA) of $38.37 and above its 200-day of $35.39.
In the last five trading sessions, the 50-day MA has climbed 0.64% while the 200-day MA has risen 0.17%.
The Walt Disney Company, an entertainment company, conducts operations in media networks, studio entertainment, theme parks and resorts, consumer products, and Internet and direct marketing. The Company produces motion pictures, television programs, and musical recordings, as well as publishes books and magazines. Disney also operates ABC radio and television and theme parks.