Disney Stock Is A Good Buy; Barron’s (DIS)

Walt Disney Company (NYSE: DIS) has produced impressive first-quarter numbers. The company reported earnings of $953 million. It also recorded $8.58 billion in revenue, beating consensus estimate of $8.39 billion. According to Barron’s, Disney’s good performance was mainly driven by the success of its movie “Alice in Wonderland” and the markets have discounted the stock for this.

Alan Gould, an analyst at Soleil Securities, told Barron’s “The Street will pay a much higher multiple on Cable Network earnings than it will on film earnings.” The company also needs to register more robust growth to let its stock rise higher. However, Disney is still a good buy.