Disney (DIS - Get Report) beat quarterly earnings expectations on Wednesday evening, due largely to its better-than-expected Parks performance, as Wall Street continues to evaluate the media giant's still nascent streaming business. 

The stock was down 1.01% to $133.62 on Thursday, after the company beat both revenue and earnings expectations for its fiscal second quarter of 2019.

Parks and Experiences revenue came in at $6.169 billion, rising 4.5% year-over-year, and beating many analyst's expectations. Meanwhile, added profits from the Fox acquisition are beginning to become clear. 

Here's what Wall Street is saying:

Goldman Sachs, Buy, Price Target Raised From $143 to $150

"Studio is poised for growth re-acceleration starting in F3Q driven by the robust slate: Avengers: Endgame, Aladdin, Toy Story 4, The Lion King, Maleficent 2, Frozen 2, Star Wars: The Rise of Skywalker," wrote analyst Drew Borst in a note out Thursday morning. As for streaming, "While the DTCI [Direct to Consumer and International] losses will continue to scale to support DIS's pivot into streaming, the losses in F2Q as well as the F3Q guidance were both better than we expected, by $45 mn and $136 mn, respectively," Borst said. 

Morgan Stanley, Overweight, PT $135

"Results highlight strength of diversified portfolio, offsetting traditional pay-TV headwinds," analyst Benjamin Swinburne wrote in a note on Thursday. The "results reminded us, however, of the power of Parks & CP, which grew earnings 15% YoY despite a tough Easter comp, with new Star Wars lands opening soon." Plus, "While we await Disney Plus, there are several catalysts including a loaded summer film slate and major TV distribution renewals." 

Regarding Fox, "With Fox closed, we see a clear path to deleveraging and driving synergies," Swinburne wrote. While Disney is still paying down debt from the transaction, and Fox is expected to be dilutive to EPS for the third quarter, "the integration activity will pick up as Disney looks to leverage the assets and management team at the acquired assets. Specifically, we are focused on Hulu, the developing of the Fox theatrical slate, FX production plans, and the capture of cost synergies over the next two years." 

Credit Suisse, Neutral, PT Raised From $114 to $130

"We are raising our DCF target $16 to $130 due to: (1) adding Fox is accretive to long-term value; (2) increasing our terminal growth to 3% from 2%, reflective of direct-to-consumer efforts offsetting terminal growth concerns for traditional media networks," wrote analyst Douglas Mitchelson. His EPS estimates moved up to $6.62 from $6.60 for 2020 and $6.43 from $6.40 in 2021. 

JPMorgan, Overweight, PT $150

"The company continues to deliver in every segment with particularly notable upside this quarter at the Parks and even beating our recently upwardly revised Studio estimates," wrote analyst Alexia Quadrani. 

Barclays, Overweight, $150

"Parks continues to surprise to the upside on both top line and operating income and was the biggest driver of the outperformance in operating income," said analyst Kannan Venkateshwar. "Management commentary appears to continued strength in this business which is likely to be helped by two new Star Wars parks later in the year." 

He added, "We believe the studio segment could be one of the major drivers of synergies post Fox given that Disney's studio margins are more than double that of Fox." 

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