Walt Disney CompanyDisney is set to report Q3 earnings; results and guidance will determine impact.
Walt Disney is scheduled to report its third quarter results on Wednesday after the market close. Wall Street expects earnings per share of $1.85, a 14.9% increase, and revenue of $25.41 billion, up 7.4% from a year ago. Investors will focus on the streaming business and the experiences division, which includes parks, cruise ships, and consumer products, amid higher prices and volatile economic conditions. Analysts at Citi see risk to fourth quarter estimates following Comcast's recent commentary about weaker park attendance, while Jefferies noted that the success of Toy Story 5 likely aided the entertainment segment. Disney has beaten EPS estimates 100% of the time over the last two years and revenue estimates 75% of the time.
Walt Disney CompanyDisney is set to report Q3 earnings; results and guidance will determine impact.
Netflix Inc
Comcast CorpComcast's commentary about weaker park attendance is cited as a risk for Disney, implying soft demand in the sector.
Citigroup Inc.
Jefferies Financial Group Inc