Walt Disney (NYSE:DIS) Posts Earnings Results, Beats Estimates By $0.20 EPS

Walt Disney (NYSE:DIS) announced its quarterly earnings results on Wednesday. The entertainment giant reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.20, FiscalAI reports. Walt Disney had a net margin of 11.54% and a return on equity of 8.92%. The company had revenue of $25.25 billion during the quarter, compared to analyst estimates of $25.39 billion. During the same quarter in the previous year, the business earned $1.61 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Walt Disney updated its FY 2026 guidance to 6.642-6.642 EPS.

Here are the key takeaways from Walt Disney’s conference call:

• Q3 results exceeded prior guidance, with total company revenue up 7% and segment operating income up 21%; management reiterated its full-year outlook and expects Experiences operating-income growth at the high end of its prior high-single-digit range.
• Disney Experiences delivered record quarterly revenue of approximately $10 billion, supported by 4% global guest growth, 3% domestic attendance growth, 4% higher per-capita spending, healthy forward bookings, and continued expansion in cruises and parks.
• Streaming profitability continued to improve, with a 13% SVOD operating margin in Q3 and management remaining on track for double-digit margins in fiscal 2026; Disney also plans further Disney+/Hulu integration and expanded bundling to reduce churn and increase subscriber lifetime value.
• Disney raised its fiscal 2026 share-repurchase expectation to at least $9 billion, while maintaining approximately $24 billion of annual content spending and roughly $9 billion of fiscal 2026 Experiences capital expenditures.
• Management acknowledged ongoing international attendance softness, weaker consumer conditions in parts of Asia, competitive streaming advertising supply and pricing pressure, and mixed theatrical performance, although it said diversification across parks, streaming, sports, and IP helps offset volatility.

Walt Disney Stock Up 2.8%

Shares of NYSE DIS traded up $2.86 during trading hours on Thursday, hitting $104.62. The company had a trading volume of 13,655,610 shares, compared to its average volume of 10,758,907. Walt Disney has a 1-year low of $92.18 and a 1-year high of $119.78. The stock has a market capitalization of $181.67 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 1.29 and a beta of 1.39. The firm’s 50 day moving average is $98.85 and its 200-day moving average is $101.94. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.33.

Institutional Trading of Walt Disney

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mcguire Capital Advisors Inc. acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $40,000. Birchwood Financial Partners Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at about $53,000. Corient Private Wealth LLC boosted its holdings in shares of Walt Disney by 26.2% during the 4th quarter. Corient Private Wealth LLC now owns 1,551,824 shares of the entertainment giant’s stock worth $176,551,000 after buying an additional 322,259 shares in the last quarter. Strive Financial Group LLC acquired a new stake in Walt Disney in the fourth quarter worth $598,000. Finally, Blue Sparrow LLC DE bought a new stake in Walt Disney in the 4th quarter valued at about $15,154,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DIS. Wolfe Research set a $131.00 price target on shares of Walt Disney in a research note on Tuesday, June 30th. Raymond James Financial reduced their target price on shares of Walt Disney from $119.00 to $111.00 and set an “outperform” rating for the company in a research note on Thursday, July 2nd. Argus reiterated a “buy” rating and set a $134.00 target price on shares of Walt Disney in a report on Thursday. JPMorgan Chase & Co. lifted their price target on Walt Disney from $139.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, Phillip Securities upgraded Walt Disney from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.61.

Key Stories Impacting Walt Disney

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Adjusted EPS beat expectations: Disney reported fiscal Q3 adjusted earnings of $2.06 per share, up from $1.61 a year earlier and above the $1.86 analyst consensus. Revenue rose 6.8% to $25.25 billion, although it narrowly missed the $25.39 billion estimate. Disney Q3 earnings report
• Positive Sentiment: Experiences and content drove growth: The Experiences segment generated record quarterly revenue of nearly $10 billion, helped by stronger U.S. theme-park attendance and spending. “Toy Story 5,” which surpassed $1 billion at the box office, also supported studio revenue, Disney+ engagement, merchandise sales and theme-park demand. Segment operating income increased 21%. Disney parks revenue article
• Positive Sentiment: Streaming momentum improved: Disney said streaming operating income more than doubled to approximately $712 million. Management also outlined plans to turn Disney+ into a broader fan ecosystem incorporating games, merchandise and interactive content by spring 2027. Disney+ strategy article
• Positive Sentiment: Capital returns and analyst sentiment supported the stock: Disney raised its planned share repurchases to at least $9 billion and maintained its fiscal 2026 and 2027 outlook. Wells Fargo raised its target to $132 and assigned an Overweight rating; Argus reiterated Buy with a $134 target. Barclays, Benchmark, Guggenheim and Rosenblatt also maintained positive ratings or raised targets. Disney outlook and buyback article
• Positive Sentiment: New distribution opportunities: Disney and TikTok agreed to share creator-made short-form Disney content across TikTok and Disney+, potentially increasing engagement with Disney’s franchises. Disney also said its upcoming Super Bowl advertising inventory is sold out. Disney TikTok partnership article

Walt Disney Company Profile

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi?national entertainment enterprise known for iconic intellectual property and family?oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.