41% Of Disney Investors See No Turnaround In Sight Ahead Of Earnings

Walt Disney Co DIS shares have fallen from $120 to $90 since November.

Benzinga polled the crowd via Twitter Inc TWTR throughout the day posing the question, "Will today's Q1 earnings report spark a turnaround?"

With 115 participants the results came in as follows:

• 33 percent answered "yes (long-term)"
• 26 percent answered "yes (short-term)"
• 41 percent answered "No"

Related LInk: Rising Expectations For Disney

The Earnings

Disney reported Q1 earnings at 4:15 p.m. EST Tuesday, with EPS coming in ahead of the Street ($1.63 vs. est. $1.45) and sales ahead of estimates as well ($15.24 billion vs. est. $14. 74 billion).

The EPS/Revenue results came in much closer to Estimize consensus.

Disney recorded a 13 cent per share gain from Vice, which the company bought into late last year. According to Fortune, Disney "previously invested $200 million in Vice in November" and then invested another $200 million in December, totalling Vice's valuation at more than $4 billion and making Disney the owner of almost one-fifth of the publisher.