Darkbeer
11-08-2002, 01:12 PM
Show Time for Disney (http://www.fool.com/news/Take/2002/mft/mft02110801.htm) - Motley Fool, 11/8/02
QuikQuote: Hey, Disney, you just nailed fourth-quarter estimates to close out your fiscal year on a 13% surge in revenue. What are you going to do next? If you hear "keep growing," don't take off your Mouseketeer ears. You heard right. After watching earnings fall every year since 1997, it looks like Disney's finally ready to turn the corner. With the company guiding analysts toward 20% to 30% profit growth in fiscal 2003, and again come 2004, is the entertainment giant now the Belle at the ball?
Let's call off the corkscrew and leave the bubbly on ice. Even if Disney grows its bottom line at a 20% annualized clip, the company won't eclipse its 1997 earnings until fiscal 2006. Disney may have produced a solid summer run at the box office, reversing an operating loss in that division, but ABC still struggles to earn the bronze medal, and international travel to the company's domestic theme parks has fallen by 20%.
QuikQuote: Hey, Disney, you just nailed fourth-quarter estimates to close out your fiscal year on a 13% surge in revenue. What are you going to do next? If you hear "keep growing," don't take off your Mouseketeer ears. You heard right. After watching earnings fall every year since 1997, it looks like Disney's finally ready to turn the corner. With the company guiding analysts toward 20% to 30% profit growth in fiscal 2003, and again come 2004, is the entertainment giant now the Belle at the ball?
Let's call off the corkscrew and leave the bubbly on ice. Even if Disney grows its bottom line at a 20% annualized clip, the company won't eclipse its 1997 earnings until fiscal 2006. Disney may have produced a solid summer run at the box office, reversing an operating loss in that division, but ABC still struggles to earn the bronze medal, and international travel to the company's domestic theme parks has fallen by 20%.