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The Zacks Consensus Estimate for earnings has moved down 3.3% to 58 cents per share over the past 30 days, indicating an increase of 81.3% year over year.
The consensus mark for revenues is pegged at $21.15 billion, suggesting growth of 30.1% from the year-ago quarter’s reported figure.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing in one, the average surprise being 89.11%.
Let’s see how things have shaped up for this announcement.
Factors to Consider
Disney’s first-quarter fiscal 2022 results are expected to have benefited from strong advertising revenues and revival in Parks, Experiences and Products businesses.
Return of live sporting events is expected to have aided in the rise of advertising revenues, thereby driving revenue growth in the Media and Entertainment Distribution segment. The Zacks Consensus Estimate for Media and Entertainment Distribution is pegged at $14.76 billion, indicating 12.8% growth sequentially.
The Zacks Consensus Estimate for Parks, Experiences & Consumer Products revenues is currently pegged at $6.24 billion, indicating growth of 74% from the year-ago quarter.
However, Disney+’s subscriber growth rate is expected to have remained sluggish in the to-be-reported quarter despite the company’s strong content portfolio. During the to-be-reported quarter, Disney made Shang-Chi And The Legend Of The Ten Rings and Jungle Cruise available on Disney+.
The consensus mark number of paid subscribers of Disney+ is currently pegged at 124.7 million, suggesting 5.5% growth sequentially.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Disney has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat in their upcoming releases:
Cedar’s shares have outperformed the Zacks Consumer Discretionary sector in the past year. The company returned 32.3% compared with sector’s decline of 22.2%.
FUN is set to report fourth-quarter 2021 on Feb 16, 2022.
Fox Corporation (FOXA - Free Report) has an Earnings ESP of +175% and carries a Zacks Rank of 2 at present.
FOXA returned 24.5% in the past year. Fox is set to report second-quarter fiscal 2022 results on Feb 9, 2022.
Gildan Activewear (GIL - Free Report) has an Earnings ESP of +9.57% and a Zacks Rank #2.
GIL shares are up 51.4% in the past year. Gildan is set to report fourth-quarter 2021 results on Feb 23, 2022.
Image: Bigstock
Walt Disney (DIS) to Report Q1 Earnings: What's in the Cards?
The Walt Disney Company (DIS - Free Report) is set to report first-quarter fiscal 2022 results on Feb 9.
The Zacks Consensus Estimate for earnings has moved down 3.3% to 58 cents per share over the past 30 days, indicating an increase of 81.3% year over year.
The consensus mark for revenues is pegged at $21.15 billion, suggesting growth of 30.1% from the year-ago quarter’s reported figure.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing in one, the average surprise being 89.11%.
The Walt Disney Company Price and EPS Surprise
The Walt Disney Company price-eps-surprise | The Walt Disney Company Quote
Let’s see how things have shaped up for this announcement.
Factors to Consider
Disney’s first-quarter fiscal 2022 results are expected to have benefited from strong advertising revenues and revival in Parks, Experiences and Products businesses.
Return of live sporting events is expected to have aided in the rise of advertising revenues, thereby driving revenue growth in the Media and Entertainment Distribution segment. The Zacks Consensus Estimate for Media and Entertainment Distribution is pegged at $14.76 billion, indicating 12.8% growth sequentially.
The Zacks Consensus Estimate for Parks, Experiences & Consumer Products revenues is currently pegged at $6.24 billion, indicating growth of 74% from the year-ago quarter.
However, Disney+’s subscriber growth rate is expected to have remained sluggish in the to-be-reported quarter despite the company’s strong content portfolio. During the to-be-reported quarter, Disney made Shang-Chi And The Legend Of The Ten Rings and Jungle Cruise available on Disney+.
The consensus mark number of paid subscribers of Disney+ is currently pegged at 124.7 million, suggesting 5.5% growth sequentially.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Disney has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat in their upcoming releases:
Cedar Fair (FUN - Free Report) has an Earnings ESP of +6.02% and sports Zacks #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cedar’s shares have outperformed the Zacks Consumer Discretionary sector in the past year. The company returned 32.3% compared with sector’s decline of 22.2%.
FUN is set to report fourth-quarter 2021 on Feb 16, 2022.
Fox Corporation (FOXA - Free Report) has an Earnings ESP of +175% and carries a Zacks Rank of 2 at present.
FOXA returned 24.5% in the past year. Fox is set to report second-quarter fiscal 2022 results on Feb 9, 2022.
Gildan Activewear (GIL - Free Report) has an Earnings ESP of +9.57% and a Zacks Rank #2.
GIL shares are up 51.4% in the past year. Gildan is set to report fourth-quarter 2021 results on Feb 23, 2022.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.