Disney Earnings: New Subscription Services And A Major Acquisition
Walt Disney Co. DIS is scheduled to report fiscal third-quarter earnings after market close on Tuesday, August 7. Between the company’s new streaming services and its pending acquisition of Twenty-First Century Fox FOXA, it’s been a busy quarter.
For fiscal Q3, DIS is expected to report adjusted EPS of $1.97 on revenue of $15.32 billion, according to third-party consensus analyst estimates. In the same quarter last year, adjusted EPS came in at $1.58 on revenue of $14.24 billion.
Disney’s rally could take a breather as it heads into earnings
Disney has had a magical rally this summer.
The media giant is one of the best performers in the Dow over the last month and is looking to extend its longest weekly win streak in nearly three years.
As it heads into earnings after the bell Tuesday, one market watcher warns of a near-term pullback in Disney shares.
“It’s had a nice run over the last two months, so it may need to take a little bit of a breather here,” said Matt Maley, equity strategist at Miller Tabak, Friday on CNBC’s “Trading Nation.”
“You might even get a sell the news reaction to its earnings report. But it should only be a short-term thing.”
The Disney Streaming Service: What We Know So Far
A new report from the New York Times offers a bit more information about the direct-to-consumer entertainment service’s programming.
Walt Disney (DIS) is developing or producing “at least nine” movies for the service, said the outlet, citing sources. Those films reportedly have budgets from $20 million to $60 million.
Today's Trade of the Day | 8-7-18
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Stocks to Trade | Tuesday Edition 8-7-18
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