Is Disney Stock a Buy After Its Fiscal Q2 Earnings?
Walt Disney (NYSE: DIS) reported its fiscal second-quarter earnings on May 13, and the numbers disappointed investors. The stock price fell about 5% on the day after the results were announced.
That sell-off may have been unjustified and that could make this a good buying opportunity for long-term investors who can stomach the short-term volatility associated with the company's rebound from the pandemic.
Analysts on Wall Street had been expecting Disney to report revenue of $15.86 billion and earnings per share (EPS) of $0.28 for the fiscal quarter that ended April 3. Instead, Disney announced better-than-expected EPS of $0.50, but lower-than-expected revenue of $15.6 billion. Given that the EPS beat was much larger than the revenue miss, some might have been surprised to see the share price fall following the report.
Source Fool.com
