Reporting outcomes for his or her fiscal first quarter on Wednesday, Disney DIS and Qualcomm QCOM impressively exceeded earnings expectations whereas surpassing top-line estimates as properly.
Having vital market management of their respective industries, DIS and QCOM will probably be two shares to regulate within the coming weeks.
Disney’s Q1 outcomes
Strategic initiatives to chop prices have led to a continued turnaround in Disney’s working effectivity with Q1 web earnings at $3.7 billion or adjusted earnings of $1.76 per share, a 44% surge from EPS of $1.22 within the comparative quarter. Crushing Q1 EPS estimates of $1.44 by 22%, Disney has now surpassed earnings expectations for 9 consecutive quarters.
Disney’s improved profitability comes because the media conglomerate had three of the highest field workplace movies of 2024 which additionally helped enhance Q1 gross sales by 5% 12 months over 12 months to $24.69 billion and edged estimates of $24.65 billion.
Picture Supply: Zacks Funding Analysis
Qualcomm’s Q1 outcomes
Chip large Qualcomm reported Q1 web earnings of $3.18 billion with adjusted earnings spiking 24% to a quarterly peak of $3.41 per share versus EPS of $2.75 within the prior interval. Topping Q1 EPS estimates of $2.93 by 16%, Qualcomm has beat earnings expectations for seven straight quarters.
Quallcomm’s chipset enterprise delivered its first $10 billion quarter, together with file handset and automotive revenues. Total, Qualcomm’s Q1 gross sales hit a file $11.66 billion which climbed 17% from $9.93 billion a 12 months in the past and noticeably topped estimates of $10.91 billon.
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Disney & Qualcomm’s EPS Steering
Reaffirming its full-year earnings steering, Disney nonetheless expects high-single-digit EPS progress in fiscal 2025 with the Zacks Consensus at the moment at $5.43 per share or 9% progress. Based mostly on Zacks estimates, Disney’s EPS is projected to leap one other 13% in FY26 to $6.16. It’s additionally noteworthy that Disney anticipates its money from operations to be roughly $15 billion this 12 months.
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Offering Q2 steering, Qualcomm forecasts EPS at $2.70-$2.90 which got here in above the present Zacks Consensus of $2.68 or 10% progress (Present Qtr beneath). Moreover, Qualcomm expects Q2 revenues at $10.2 billion-$11 billion with Zacks estimates at $10.35 billion or 10% progress.
Zacks projections name for Qualcomm’s annual earnings to rise 10% this 12 months and develop one other 10% in FY26 to $12.32 per share.
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Backside Line
Disney and Qualcomm inventory are beginning to appear to be they might have extra upside with each sporting a Zacks Rank #2 (Purchase). To that time, their FY25 and FY26 EPS estimates had already gone up within the final 30 days. The development of optimistic earnings estimate revisions might proceed after sturdy Q1 outcomes and favorable steering.
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QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report
The Walt Disney Company (DIS) : Free Stock Analysis Report
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