Walt Disney (DIS) Tops Q3 EPS by 23c, Revenues Beat; Ended Qtr with ~174M Digital Subs

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Disney (DIS) Surges 5% on a Beat Across the Board, Parks Profitable Again While CEO 'Very Confident' of Hitting 2024 Disney+ Target, Analysts Bulled-up

August 13, 2021 6:57 AM EDT

Shares of Walt Disney co (NYSE: DIS) are up over 5% after the company delivered better-than-expected second-quarter results.

Disney made a profit of $0.80 per share to easily top the $0.55 per share expected from surveyed market analysts. Revenue for the quarter came in at $17.02 billion, again higher than the $16.76 billion consensus.

Disney+ now has 116 million subscribers, which is higher than the 114.5 million consensus. For Q2, Disney reported 103.6 million subs. Average monthly revenue per subscriber fell 10% to $4.16. Overall, the company said it now serves 174 million subscriptions across Disney+, ESPN+ and Hulu at the... More

Walt Disney (DIS) PT Raised to $195 at BMO Capital

August 13, 2021 6:40 AM EDT

BMO Capital analyst Daniel Salmon raised the price target on Walt Disney (NYSE: DIS) to $195.00 (from $190.00) while maintaining a Market Perform rating.

The analyst commented, "Investor sentiment had been growing anxious, so despite some mixed segment results, outperformance on key metrics stood... More