Disney (DIS, $134.09) beats Q2 earnings and revenue expectations
Disney surpassed analysts’ expectations for its fiscal second quarter 2019.
The company reported adjusted earnings of $1.61 per share, compared to $1.58 per share expected by analysts (according to Refinitiv survey). However, the EPS is -13% lower from the year-ago quarter.
Revenue of $14.92 billion also came in higher than analysts’ estimates of $14.36 billion (based on Refinitiv). Revenue grew +3% year-over-year.
Disney completed its $71 billion acquisition of 21st Century Fox's entertainment assets during the second quarter. Its books included $373 million in revenue and $25 million in operating income from 11 days' ownership of Fox assets.
Disney's direct-to-consumer segment surged +15% from the same quarter of prior year. But investments into ESPN+, the upcoming Disney+ streaming platform, and consolidation of Hulu led to worsening operating losses for Disney, as indicated by the company.
Disney's new release, "Avengers: Endgame" has come out as a blockbuster hit, registering $2 billion in ticket sales in 11 days – which will be reflected in the company's next quarterly report.
DIS's RSI Indicator sits in oversold zone for 4 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
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Notable companies
The most notable companies in this group are Netflix (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), Roku (NASDAQ:ROKU), Paramount Global (NASDAQ:PARA), iQIYI (NASDAQ:IQ), HUYA (NYSE:HUYA), AMC Entertainment Holdings (NYSE:AMC).
Industry description
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
Market Cap
The average market capitalization across the Movies/Entertainment Industry is 9.41B. The market cap for tickers in the group ranges from 134 to 262.83B. NFLX holds the highest valuation in this group at 262.83B. The lowest valued company is LRDG at 134.
High and low price notable news
The average weekly price growth across all stocks in the Movies/Entertainment Industry was 3%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was 9%. LDSN experienced the highest price growth at 380%, while NETWF experienced the biggest fall at -28%.
Volume
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -11%. For the same stocks of the Industry, the average monthly volume growth was -14% and the average quarterly volume growth was 58%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 52
P/E Growth Rating: 61
Price Growth Rating: 56
SMR Rating: 82
Profit Risk Rating: 86
Seasonality Score: 0 (-100 ... +100)