2024

when

Disney

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">The Walt Disney Company (NYSE: DIS) has recently unveiled its financial outcomes for the <a aria-label="second quarter (opens in a new tab)" href="https://www.businesswire.com/news/home/20240507742924/en/The-Walt-Disney-Company-Reports-Second-Quarter-and-Six-Months-Earnings-for-Fiscal-2024" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">second quarter</a> ended March 30, 2024, showcasing a mix of triumphs and challenges. <br><br>The entertainment giant reported a slight increase in revenues, which rose to $22.1 billion from $21.8 billion in the prior-year quarter. Despite this growth, diluted earnings per share (EPS) presented a stark contrast, turning from an income of $0.69 in the prior-year quarter to a loss of $0.01 in the current quarter. This decline was attributed to goodwill impairments, although partially offset by higher operating income in the Entertainment and Experiences sectors.</p> 
<p>However, when excluding certain items, diluted EPS for the quarter increased to $1.21 from $0.93 in the prior-year quarter, indicating strong double-digit percentage growth in adjusted EPS and meeting or exceeding the company’s financial guidance for the quarter.</p> 
<h3 id="disney-missed-revenue-forecasts-for-q1">Disney Missed Revenue Forecasts for Q1</h3> 
<p>Comparing the current performance against expectations, The Walt Disney Company has demonstrated a resilient stance amidst economic uncertainties. Analysts had set the bar with expectations of an <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="dofollow" class="deco-link">EPS</a> of $1.1 and revenue of $22.12 billion for the quarter. <br><br>The actual revenue of $22.08 billion slightly missed these projections, while the adjusted EPS of $1.21 surpassed expectations, illustrating Disney’s capability to navigate through operational hurdles and still deliver commendable financial performance. </p> 
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<h3 id="disney-is-on-track-to-generate-14-b-sets-full-year-adjusted-eps-growth-target-of-25">Disney is on Track to Generate $14 B, Sets Full Year Adjusted EPS Growth Target of 25%</h3> 
<p>Disney has provided optimistic guidance for the future, reflecting confidence in its strategic direction and growth trajectory. The company has set a new full-year adjusted EPS growth target of 25%, underpinned by its strong Q2 performance. <br><br>Disney remains on track to generate approximately $14 billion of cash provided by operations and over $8 billion of free cash flow this fiscal year, signaling healthy financial health and operational efficiency.</p> 
<p>Furthermore, Disney’s Entertainment Direct-to-Consumer business turned profitable in the second quarter, with expectations of continued profitability in the combined streaming businesses in the fourth quarter. This is a significant indicator of Disney’s strategic investments in its streaming services paying off, positioning it well for sustained growth and profitability in the evolving entertainment landscape.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/disneys-stock-dips-after-revenue-miss-0-01-eps-in-q1-1-21-adjusted/">Disney’s Stock Dips After Revenue Miss, ($0.01) EPS in Q1, $1.21 Adjusted</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Disney’s Stock Dips After Revenue Miss, ($0.01) EPS in Q1, $1.21 Adjusted

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