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Tuesday will be filled with interesting earnings reports. Among the more than 175 companies announcing their financial results on the second day of the week, investors can count Walt Disney Co (NYSE: DIS), Zillow Group Inc (NASDAQ: Z), andActivision Blizzard, Inc. (NASDAQ: ATVI).
Disney
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Disney’s seems to be the most popular report, scheduled for after the market closes on Tuesday. According to Estimize, the company is expected to deliver its strongest quarter ever. The Street is modeling consensus earnings of $1.39 per share on revenue of $13.169 billion, while the crowd is projecting EPS of $1.45 on sales of $13.256 billion.
These figures compare to EPS of $1.28 on revenue of $12.466 billion reported in the same quarter last year, and EPS of $1.23 on sales of $12.461 billion registered last quarter.
It should also be noted from the chart above that Disney has a history of surpassing estimates. So, a beat this quarter would come as no big surprise.
Zillow
On the other hand, Zillow is expected to deliver the worst quarter in two years.
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The Street anticipates a net loss of ($0.21) per share on revenue of $168.87 million, while the crowd envisages a net loss of ($0.16) on sales of $166.76 million.
These estimates compare to a net loss of ($0.05) per share on revenue of $78.68 million reported a year ago, and to earnings of $0.05 per share on sales of $127.27 million retrieved last quarter.
It is also interesting to see that –as shown in the chart above- expectations have been falling as earnings loomed, and now stand close to their lowest.
Activision Blizzard
Finally, there’s Activision Blizzard. In the second quarter of 2014, the company reported earnings of $0.06 per share on revenue of $658 million. For the second quarter of 2015, management guided EPS of $0.07 on sales of $650 million.
The Street, for its part, estimates consensus earnings of $0.09 per share on sales of $666.02 million. The crowd is the most bullish, and anticipates EPS of $0.12 on revenue of $677.1 million.
It should be noted from the chart above that Activision Blizzard’s earnings respond to a cyclical pattern, and have tended to beat estimates.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.