Market Overview

Earnings Outlook For Walt Disney

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Walt Disney (NYSE: DIS) announces its next round of earnings this Tuesday, August 04. Here is Benzinga's everything-that-matters guide for this Tuesday's Q3 earnings announcement.

Earnings and Revenue

Based on management's projections, Walt Disney analysts modeled for a loss of $0.64 per share on sales of $12.39 billion. Walt Disney earnings in the same period a year ago sat at $1.350 per share. Quarterly sales came in at $20.25 billion. If the company were to report in-line earnings when it publishes results Tuesday, quarterly profit would be down 147.41%. Revenue would be down 30.43% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2019 Q3 2019
EPS Estimate 0.88 1.46 0.95 1.75
EPS Actual 0.60 1.53 1.07 1.35
Revenue Estimate 17.81 B 20.78 B 19.19 B 21.49 B
Revenue Actual 18.01 B 20.86 B 19.10 B 20.25 B

Stock Performance

Over the last 52-week period, shares are down 18.49%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Walt Disney is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://thewaltdisneycompany.com/disneys-q3-fy20-earnings-results-webcast/

 

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