The Walt Disney Company (NYSE:DIS) announced its second quarter earnings this afternoon after the market closed. The diversified entertainment company revealed earnings per share of 79 Cents for the first three months of 2013, on quarterly revenue of $10.55 billion. On today’s market, shares in The Walt Disney Company (NYSE:DIS) trended up, finishing the day at $66.07.
In anticipation of the release of this report, analysts were looking for earnings of 77 cents per share from The Walt Disney Company (NYSE:DIS), on revenues of $10.5 billion. The first three months of 2013 are recorded as the second fiscal quarter of the year by Disney.
In the first three months of 2012, the company managed to pull in earnings of 58 cent per share on revenues of $9.6 billion. In the hours before the release of this earnings report, whisper numbers indicated that Disney would beat Street expectations by a couple of cent.
The big indicators for Disney Corporation heading into the remainder of 2013 will be the performance of the company’s biggest films at the box office, and the performance of the company’s theme parks, particularly during the summer months.The Walt Disney Company (NYSE:DIS) has put a lot of work in recent years into acquiring iconic valuable content, and that is expected to boost revenues in the years to come.
Two of those acquisitions, Marvel and Lucasfilm, will be leveraged to a great extent to provide content for the company’s theme parks and resorts. Disney’s access to a stable of iconic characters has had few rivals in the last century, and with its recent acquisitions there is no brand that can boast more power in the entertainment sphere.
The Walt Disney Company (NYSE:DIS) will release several blockbusters this summer concentrating on characters from its Marvel IP, and the coming years should see new films utilizing Lucasfilm assets, particularly those from the Star Wars brand.
2013 has been a very good year for investors in The Walt Disney Company (NYSE:DIS). The company’s shares have gained more than 32 percent since January 1st, and, neglecting a couple of flat periods, they show no signs of stopping. Disney is currently trading at a P/E ratio of just under 22, which isn’t too far ahead of rivals like Comcast Corporation (NASDAQ:CMCSA).
The Walt Disney Company (NYSE:DIS) appears to be on more stable footing than ever, and investors are excited about the future of the company.