Upcoming AWS Coverage on Twenty-First Century Fox Post-Earnings Results

LONDON, UK / ACCESSWIRE / November 17, 2016 / Active Wall St. announces its post-earnings coverage on The Walt Disney Co. (NYSE: DIS). The company announced its fourth quarter fiscal 2016 (Q4 FY16) and full fiscal 2016 (FY16) financial results on November 10, 2016. The Burbank, California-based company's net income and diluted EPS rose 10% and 16% y-o-y, respectively. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Walt Disney's competitors within the Entertainment - Diversified space, Twenty-First Century Fox, Inc. (NASDAQ: FOXA), reported on November 02, 2016, its financial results for the three months ended September 30, 2016. AWS will be initiating a research report on Twenty-First Century Fox in the coming days.

Today, AWS is promoting its earnings coverage on DIS; touching on FOXA. Get our free coverage by signing up to:

http://www.activewallst.com/registration-3/?symbol=DIS

http://www.activewallst.com/registration-3/?symbol=FOXA

Earnings Reviewed

Disney reported revenues of $13.14 billion in Q4 FY16 which came in below the $13.51 billion recorded in the prior year's comparable quarter and market expectations of $13.47 billion. In Q4 FY16, segment operating income stood at $3.18 billion versus $3.53 billion in Q4 FY15.

For the quarter ended October 01, 2016, net income came in at $1.77 billion, or $1.10 per diluted share, compared to net income of $1.61 billion, or $0.95 per diluted share, in Q4 FY15. Excluding certain items, the company reported EPS of $1.10 per diluted share in Q4 FY16 compared to $1.20 per diluted share in the prior year's period. Furthermore, Wall Street had expected the company to report EPS of $1.15 per share in Q4 FY16.

For full-year FY16, the company reported record revenues of $55.63 billion compared to $52.47 billion in FY15. The reported segment operating income of $15.72 billion in FY16 compared to $14.68 billion in FY15.

The mass media giant's net income for FY16 came in at $9.39 billion, or $5.73 per diluted share, versus $8.38 billion, or $4.90 per diluted share, recorded in FY15. Additionally, excluding certain items, the company's EPS during FY16 was $5.72 per diluted share, compared to $5.15 per diluted share, in the year-ago comparable period.

Segment-wise

In Q4 FY16, Media Networks segment's revenues fell 3% to $5.66 billion from $5.83 billion, in Q4 FY15. The segment's operating income decreased 8% to $1.67 billion from $1.82 billion in the prior year's quarter. The Cable Networks sub-segment operating income decreased $207 million y-o-y to $1.4 billion in Q4 FY16, due to decreases at ESPN and the Disney Channels, partially offset by an increase at Freeform. However, Broadcasting sub-segment's operating income grew $60 million y-o-y to $224 million in Q4 FY16.

The company's Parks and Resorts segment's revenues improved marginally to $4.39 billion in Q4 FY16 from $4.36 billion in the year ago quarter. However, the segment's operating income fell 5% y-o-y to $699 million in Q4 FY16, as the company reported a decrease in its international operations, partially offset by an increase in domestic operations.

Disney's Studio Entertainment segment's revenues grew 2% y-o-y in Q4 FY16 to $1.81 billion. The segment reported operating income of $381 million, down 28% on a y-o-y basis, primarily due to lower theatrical distribution results, partially offset by growth in TV/SVOD distribution.

During Q4 FY16, Consumer Products & Interactive Media segment's revenues decline 17% y-o-y to $1.29 billion. The company attributed the decline in quarterly revenues to discontinuation of Infinity console game business. Furthermore, the segment's operating income also decreased 5% y-o-y to $424 million in Q4 FY16, primarily due to decreases in merchandise licensing and games businesses, and partially offset by an increase in publishing business due to cost saving initiatives.

Cash Matters & Balance Sheet

In Q4 FY16, the company's cash flow from operations grew 15% y-o-y to $3.83 billion. Meanwhile, the cash generated by operations rose 21% y-o-y to $13.21 billion in full year FY16. Furthermore, free cash flow surged 29% y-o-y to $2.75 billion in Q4 FY16 and 27% y-o-y to $8.44 billion in full year FY16.

As on October 01, 2016, Disney reported cash and cash equivalents balance of $4.61 billion, compared to $4.27 billion as on October 03, 2015.

Stock Performance

At the closing bell, on Wednesday, November 16, 2016, Walt Disney's stock climbed 1.45%, ending the trading session at $99.12. A total volume of 9.70 million shares were traded at the end of the day, which was higher than the 3-month average volume of 7.43 million shares. In the last month and previous three months, shares of the company have advanced 8.72% and 2.56%, respectively. The stock is trading at a PE ratio of 17.79 and has a dividend yield of 1.43%.

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SOURCE: Active Wall Street