We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: Disney, Comcast and Twitter
Read MoreHide Full Article
For Immediate Release
Chicago, IL – August 11, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: The Walt Disney Company (DIS - Free Report) , Comcast Corporation (CMCSA - Free Report) and Twitter, Inc. .
Here are highlights from Tuesday’s Analyst Blog:
What Do We Expect from Disney (DIS - Free Report) Earnings?
The Walt Disney's third-quarter fiscal 2021 results, set to be reported on Aug 12, are expected to reflect setbacks from limited operating capacity in theme parks, closure of cruise ships and resumption of limited movie studio operations due to the coronavirus outbreak.
Beginning first-quarter 2021, this Zacks Rank #3 (Hold) company started reporting results of the media and entertainment businesses under the Media and Entertainment Distribution segment. The segment comprises Direct-to-Consumer ("DTC"), Linear Networks and Content Sales/Licensing businesses. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
While DTC revenues are expected to have benefited from robust adoption of Disney+, Content Sales/Licensing segment revenues are likely to have benefited from slow recovery in theatrical exhibition as consumers began returning to theaters. Cruella was released in theaters and via Disney+ Premier Access on May 28.
The Zacks Consensus Estimate for the number of paid subscribers for Disney+, ESPN+ and Hulu is pegged at 109.9 million, 14.9 million and 43.2 million, respectively.
Moreover, improvement in ad demand and spending is expected to have benefited Disney-division ESPN's ad-sales business, much similar to what cable giant Comcast, Google and Twitter experienced in the April-June quarter.
Click here to know how Disney's overall third-quarter fiscal 2021 results are likely to be.
Capacity Limitations at Theme Parks & Closure of Cruise Line May Hurt
Disney reopened two California theme parks on Apr 30, which followed the opening of Disney's Grand Californian Hotel and Spa (Apr 29). Moreover, the Vacation Club Villa at the Grand Californian resumed operations in the to-be-reported quarter. California's latest state guidelines permit parks to reopen with 15-35% capacity from Apr 1.
The Zacks Consensus Estimate for Parks, Experiences & Consumer Products revenues is currently pegged at $3.92 billion, indicating growth of 299.7% year over year.
However, reduced capacity due to strict social-distancing norms is expected to have hurt occupancy at its theme parks, thereby negatively impacting top-line growth.
The consensus mark for Parks, Experiences & Consumer Products operating loss is pegged at $69 million compared with the year-ago quarter's operating loss of $1.96 billion.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: Disney, Comcast and Twitter
For Immediate Release
Chicago, IL – August 11, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: The Walt Disney Company (DIS - Free Report) , Comcast Corporation (CMCSA - Free Report) and Twitter, Inc. .
Here are highlights from Tuesday’s Analyst Blog:
What Do We Expect from Disney (DIS - Free Report) Earnings?
The Walt Disney's third-quarter fiscal 2021 results, set to be reported on Aug 12, are expected to reflect setbacks from limited operating capacity in theme parks, closure of cruise ships and resumption of limited movie studio operations due to the coronavirus outbreak.
Beginning first-quarter 2021, this Zacks Rank #3 (Hold) company started reporting results of the media and entertainment businesses under the Media and Entertainment Distribution segment. The segment comprises Direct-to-Consumer ("DTC"), Linear Networks and Content Sales/Licensing businesses. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
While DTC revenues are expected to have benefited from robust adoption of Disney+, Content Sales/Licensing segment revenues are likely to have benefited from slow recovery in theatrical exhibition as consumers began returning to theaters. Cruella was released in theaters and via Disney+ Premier Access on May 28.
The Zacks Consensus Estimate for the number of paid subscribers for Disney+, ESPN+ and Hulu is pegged at 109.9 million, 14.9 million and 43.2 million, respectively.
Moreover, improvement in ad demand and spending is expected to have benefited Disney-division ESPN's ad-sales business, much similar to what cable giant Comcast, Google and Twitter experienced in the April-June quarter.
Click here to know how Disney's overall third-quarter fiscal 2021 results are likely to be.
Capacity Limitations at Theme Parks & Closure of Cruise Line May Hurt
Disney reopened two California theme parks on Apr 30, which followed the opening of Disney's Grand Californian Hotel and Spa (Apr 29). Moreover, the Vacation Club Villa at the Grand Californian resumed operations in the to-be-reported quarter. California's latest state guidelines permit parks to reopen with 15-35% capacity from Apr 1.
The Zacks Consensus Estimate for Parks, Experiences & Consumer Products revenues is currently pegged at $3.92 billion, indicating growth of 299.7% year over year.
However, reduced capacity due to strict social-distancing norms is expected to have hurt occupancy at its theme parks, thereby negatively impacting top-line growth.
The consensus mark for Parks, Experiences & Consumer Products operating loss is pegged at $69 million compared with the year-ago quarter's operating loss of $1.96 billion.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.