Just consider growth over the past few quarters. Starting from virtually scratch a few years ago, it has grown into the dominant streaming ecosystem on the planet. One of the most amazing growth stories in the history of Disney has been its streaming business. If we adjust this for changes in working capital, we would get a reading of only $204 million.
In the second quarter of 2022, operating cash flow was $1.77 billion. But investors should definitely be paying attention to at least the operating cash flow and adjusted operating cash flow of the firm. There has not been any Disney guidance when it comes to other profitability metrics. Adjusted earnings, meanwhile, should be around $0.97 per share if analysts are correct. That would be significantly higher than the $470 million in net income the company reported for the second quarter last year. In absolute dollar terms, this would translate to net profits of about $1.30 billion. This would represent a significant improvement over the $0.26 per share the business reported during the second quarter of its 2022 fiscal year. On the bottom line, analysts think that the business would generate earnings per share of $0.71. But more likely than not, any sort of upside like this will come from the streaming operations of the firm, as well as other parts of the business that are still recovering from the COVID-19 pandemic. I will get into some of the specific growth areas of the company shortly. If this does come to fruition, it would represent an increase of 13.3% over the $19.25 billion the company generated one year earlier. According to analysts, sales for the company should come in at around $21.80 billion. A look at headline resultsĪs is the case with any company out there, the first thing that would be on Disney investors' minds will be the headline news. These are items that, for the most part, will go a long way toward determining the trajectory of the company over the next few months. Whether you follow The Walt Disney Company out of interest, or are an investor in the firm like I am, there are some very important items that we should be on the lookout for. As such, it's highly likely that investors and analysts alike will be putting a lot of weight into what is ultimately reported by the company during this time.
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This will represent the first full quarter in which he has been back at the firm. Late last year, in November to be specific, Bob Iger returned to the company as CEO in order to get the company back on track from a profitability perspective.
After the market closes on May 10th, the management team at The Walt Disney Company ( NYSE: DIS) is expected to announce financial results covering the second quarter of the company's 2023 fiscal year.
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