Media large The Walt Disney Firm DIS might present how client spending has been impacted in gadgets like going to the films, paying for streaming and taking lengthy holidays when the corporate reviews third-quarter monetary outcomes before the market opens Wednesday.
Listed below are the earnings estimates, what consultants are saying forward of the report and key gadgets to observe.
Earnings Estimates: Analysts count on Disney to report third-quarter income of $23.72 billion, up from $23.16 billion in final yr’s third quarter, in line with knowledge from Benzinga Pro.
The corporate has crushed analyst estimates for income in 4 straight quarters and in six of the final 10 quarters general.
Analysts count on Disney to report earnings per share of $1.47, up from $1.39 in final yr’s third quarter. The corporate has crushed analyst estimates for earnings per share in eight straight quarters and 9 of the final 10 quarters general.
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What Specialists Are Saying: Disney’s inventory efficiency during the last yr with shares up over 35% isn’t misplaced on Freedom Capital Markets Chief International Strategist Jay Woods.
“Disney shares proceed their main turnaround and have an opportunity to take it to a different stage once they report this Wednesday,” Woods stated in a weekly newsletter. “As the corporate seems for CEO Bob Iger‘s substitute, he continues to work diligently earlier than handing the reins over to his successor.”
Woods stated Disney inventory has reversed its main downtrend and will take issues “to an entire new stage.”
The market strategist stated the $115 to $117 stage was an outdated excessive and former help stage in June.
“Let’s examine if it will probably maintain once more into earnings.”
Woods stated if this stage fails to carry, Disney inventory might retrace again to the $108 to $110 stage.
Wanting additional out, Woods stated the five-year weekly chart exhibits Disney inventory struggling to interrupt resistance again to 2022.
“If shares can hole larger then there’s a lot room to run with upside targets over the subsequent three months close to $150.”
Financial institution of America Securities analyst Jessica Reif Ehrlich highlighted Disney’s Experiences section ahead of the earnings report.
The analyst maintained a Purchase ranking with a $140 worth goal forward of earnings.
Ehrlich stated Disney’s Experiences section is seeing enchancment in working earnings and might be a spotlight if it exhibits energy with the opening of rival theme park Epic Universe from Common, in addition to with Disney’s heavy funding in new cruise ships.
Ehrlich additionally highlighted Disney’s energy in promoting, because of its sports activities investments, and the chance that the corporate will achieve streaming subscribers within the third quarter.
Rosenblatt analyst Barton Crockett highlighted Disney’s theme parks and streaming energy in a recent investor note.
The analyst maintained a Purchase ranking and raised the value goal from $135 to $140.
“A lot is robust proper now, that if we keep away from a recession we imagine estimates can transfer up, and the a number of, too,” Crockett stated.
The analyst stated considerations that Epic Universe might decelerate Disney theme park site visitors in Florida have been minimized. Crowds have been “muted” at Epic because the Might 22 opening, and Disney has indicated that bookings for Walt Disney World are up yr over yr.
Crockett stated Walt Disney World bookings have been up 4% year-over-year for the third quarter and up 7% year-over-year for the fourth quarter, primarily based on Disney’s commentary from the second quarter earnings name. The analyst additionally highlights the corporate’s cruise ship section, which is predicted so as to add extra ships and income alternatives later this yr.
“Disney is probably the most superior of media conglomerates in transitioning its TV audiences to streaming.”
Crockett stated theme parks, streaming, and film success might help offset any considerations in regards to the firm’s linear networks.
Key Objects to Watch: Disney’s streaming figures might be among the many gadgets to observe, with buyers and analysts seeking to see what number of subscribers the corporate has for Disney+ and for Hulu.
Buyers and analysts will even be seeking to hear extra, like an official launch date, for the standalone improved ESPN streaming app. The corporate previously announced it might launch the app within the fall with a beginning worth of $29.99 month-to-month.
Disney is prone to spotlight the upcoming NCAA School Soccer and NFL seasons, in addition to the sturdy promoting help for these key stay occasions.
On the movie facet, Disney has had each hits and misses in theaters this yr. Buyers and analysts will doubtless be seeking to hear how the corporate is balancing these outcomes and guaranteeing it produces blockbuster movies that carry out strongly in theaters and on its streaming platforms.
DIS Value Motion: Disney inventory is flat at $119.31 on Tuesday versus a 52-week buying and selling vary of $80.10 to $124.69. Disney inventory is up 7.7% year-to-date in 2025.
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