Equity Profile

DIS

The Walt Disney Company

Communication ServicesMovies & Entertainment$181.1B

May6Wed

Post-Earnings Recap

ReportedQ2-2026Pre-Market6:40 AM EDT

Disney Beats on EPS, Stock Up 7.54%

Metric	Actual	Expected	Surprise
EPS	$1.57	$1.49	+5.72%
Revenue	N/A	$24.8B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Disney Beats on EPS, Stock Up 7.54%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$1.57	$1.49	+5.72%
Revenue	N/A	$24.8B	N/A

Management Commentary

Tone: Unknown

No transcript is on record for this earnings call, and the analysis is based solely on numerical results.

What It Means

Disney's earnings report showed a positive surprise in EPS, which likely contributed to the stock's 7.54% increase in value. However, the company did not provide revenue figures, leaving some uncertainty. Investors may view the EPS beat as a sign of operational strength, but the lack of revenue data could raise questions about overall performance.

Company Snapshot

The Walt Disney Company (DIS) is a leading global entertainment and media conglomerate known for its iconic films, theme parks, and television networks. As a key player in the Communication Services sector, Disney's performance is closely tied to consumer spending trends and shifts in entertainment consumption.

Key Metrics to Watch

EPS

Earnings per share is a crucial indicator of profitability and helps gauge the company's financial health.

$1.49

Revenue

Total revenue reflects the company's ability to generate sales across its diverse entertainment segments.

$24.8B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+11.79%

Avg Stock Reaction

-0.02%

Last Quarter Recap

In Q1 2026, Disney reported an EPS of $1.63, exceeding expectations by 3.89%. However, the stock fell 7.40% the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Focus on expanding streaming services and content production.
Commitment to enhance theme park experiences.
Plans to improve profitability across all segments.

Expectations

Wall Street Expectations

Analysts expect Disney to report solid earnings, with a consensus EPS of $1.49 and revenue of $24.8 billion. The market is looking for signs of recovery in its theme parks and streaming segments.

Bull Case

If Disney can exceed EPS expectations and show strong growth in its streaming services, it could signal a robust recovery and boost investor confidence.

Bear Case

Conversely, if revenue falls short or if there are concerns about rising costs and competition in streaming, the stock may face downward pressure.

Key Metrics to Watch

EPS

$1.49

Earnings per share is a crucial indicator of profitability and helps gauge the company's financial health.

Revenue

$24.8B

Total revenue reflects the company's ability to generate sales across its diverse entertainment segments.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Disney's EPS exceed the consensus estimate of $1.49?

A strong EPS performance could indicate effective cost management and revenue growth, which are critical for investor confidence.

What are the revenue figures for Disney's streaming services?

Given the competitive landscape, insights into streaming revenue will be crucial for assessing Disney's market position and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of Disney's recent investments in content and technology, which could drive higher-than-expected revenue growth.

Supporting Evidence

Disney's history of exceeding EPS estimates suggests potential for a positive surprise.

Recent trends in consumer spending on entertainment may favor Disney's offerings.

The options market is pricing in a larger move than historical averages, indicating potential for volatility.

Key Risk

If streaming revenue growth comes in below 10%, it could challenge the optimistic consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Disney's ability to manage costs while driving revenue growth in its core segments.

Bull Confirmed If

An EPS of $1.55 or higher, with streaming revenue growth exceeding 15% year-over-year.

Bear Confirmed If

An EPS below $1.40 and stagnant or declining streaming revenue.

Pre-Earnings Positioning

Options Market

Implied Move

±6.59%

Historical Avg

±6.2%

In line with history

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±6.7% while DIS has averaged ±6.2% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.9%

30d HV

23.1%

Calls (2.5M)P/C Ratio: 0.94Puts (1.7M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Disney beats expectations, history suggests the stock could rise by about 2.15%, confirming a positive outlook for its recovery.

In-Line / Cautious

Should results come in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

If Disney misses on EPS, the average historical reaction indicates a potential decline of around 2.15%, raising concerns about its growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on subscriber growth for Disney+ and other streaming services.
2Any comments on cost management strategies and their impact on margins.
3Insights into the performance of theme parks and their recovery post-pandemic.
4Details on upcoming content releases and their expected impact on revenue.
5Management's outlook on competition in the streaming space.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a crucial indicator of profitability and helps gauge the company's financial health.

$1.49

Revenue

Total revenue reflects the company's ability to generate sales across its diverse entertainment segments.

$24.8B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+11.79%

Avg Stock Reaction

-0.02%

Last Quarter Recap

In Q1 2026, Disney reported an EPS of $1.63, exceeding expectations by 3.89%. However, the stock fell 7.40% the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Focus on expanding streaming services and content production.
Commitment to enhance theme park experiences.
Plans to improve profitability across all segments.

Expectations

Wall Street Expectations

Analysts expect Disney to report solid earnings, with a consensus EPS of $1.49 and revenue of $24.8 billion. The market is looking for signs of recovery in its theme parks and streaming segments.

Bull Case

If Disney can exceed EPS expectations and show strong growth in its streaming services, it could signal a robust recovery and boost investor confidence.

Bear Case

Conversely, if revenue falls short or if there are concerns about rising costs and competition in streaming, the stock may face downward pressure.

Key Metrics to Watch

EPS

$1.49

Earnings per share is a crucial indicator of profitability and helps gauge the company's financial health.

Revenue

$24.8B

Total revenue reflects the company's ability to generate sales across its diverse entertainment segments.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Disney's EPS exceed the consensus estimate of $1.49?

A strong EPS performance could indicate effective cost management and revenue growth, which are critical for investor confidence.

What are the revenue figures for Disney's streaming services?

Given the competitive landscape, insights into streaming revenue will be crucial for assessing Disney's market position and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of Disney's recent investments in content and technology, which could drive higher-than-expected revenue growth.

Supporting Evidence

Disney's history of exceeding EPS estimates suggests potential for a positive surprise.

Recent trends in consumer spending on entertainment may favor Disney's offerings.

The options market is pricing in a larger move than historical averages, indicating potential for volatility.

Key Risk

If streaming revenue growth comes in below 10%, it could challenge the optimistic consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Disney's ability to manage costs while driving revenue growth in its core segments.

Bull Confirmed If

An EPS of $1.55 or higher, with streaming revenue growth exceeding 15% year-over-year.

Bear Confirmed If

An EPS below $1.40 and stagnant or declining streaming revenue.

Pre-Earnings Positioning

Options Market

Implied Move

±6.59%

Historical Avg

±6.2%

In line with history

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±6.7% while DIS has averaged ±6.2% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.9%

30d HV

23.1%

Calls (2.5M)P/C Ratio: 0.94Puts (1.7M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Disney beats expectations, history suggests the stock could rise by about 2.15%, confirming a positive outlook for its recovery.

In-Line / Cautious

Should results come in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

If Disney misses on EPS, the average historical reaction indicates a potential decline of around 2.15%, raising concerns about its growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on subscriber growth for Disney+ and other streaming services.
2Any comments on cost management strategies and their impact on margins.
3Insights into the performance of theme parks and their recovery post-pandemic.
4Details on upcoming content releases and their expected impact on revenue.
5Management's outlook on competition in the streaming space.