Walt Disney (DIS) Tops Q3 Earnings Estimates

Core Insights - Walt Disney reported quarterly earnings of $1.61 per share, exceeding the Zacks Consensus Estimate of $1.46 per share, and showing an increase from $1.39 per share a year ago, resulting in an earnings surprise of +10.27% [1] - The company posted revenues of $23.65 billion for the quarter ended June 2025, slightly missing the Zacks Consensus Estimate by 0.14%, but up from $23.16 billion year-over-year [2] - Disney has surpassed consensus EPS estimates in all four of the last quarters, while it has topped revenue estimates twice during the same period [2] Earnings Outlook - The sustainability of Disney's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.05 on revenues of $23.09 billion, and for the current fiscal year, it is $5.78 on revenues of $95.02 billion [7] Industry Context - The Media Conglomerates industry, to which Disney belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]