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.
Walt Disney (DIS) to Report Q2 Earnings: What's in the Cards?
Read MoreHide Full Article
The Walt Disney (DIS - Free Report) is set to report second-quarter fiscal 2022 results on May 11.
The Zacks Consensus Estimate for earnings has moved down 1.6% to $1.20 per share over the past 30 days, indicating an increase of 51.9% year over year.
The consensus mark for revenues is pegged at $20.25 billion, suggesting growth of 29.73% from the year-ago quarter’s reported figure.
The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing in one, the average surprise being 67.82%.
Let’s see how things have shaped up for this announcement.
Disney’s second-quarter fiscal 2022 results are expected to have benefited from strong advertising revenues. The return of live sporting events is likely to have aided 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 $13.8 billion, indicating 11% growth year over year.
Disney+’s subscriber growth rate is expected to have revived in the to-be-reported quarter. Disney and Pixar’s Turning Red was released on Mar 11 on Disney+ worldwide. Moreover, Marvel Studios’ Eternals started streaming exclusively on Disney+ on Jan 12, 2022.
The consensus mark number of paid subscribers at Disney+ is currently pegged at 135.2 million, suggesting 4.2% growth sequentially and a 30.5% rise year over year.
On Mar 21, Disney announced the closing of its Shanghai theme park, effective immediately, as Chinese authorities tried to control the city’s biggest coronavirus flareup in the last two years. Disney said Shanghai Disneyland, Disneytown and Wishing Star Park would be closed until further notice.
This is expected to have negatively impacted Disney’s Parks, Experiences and Products businesses in the to-be-reported quarter. The Zacks Consensus Estimate for Parks, Experiences & Consumer Products revenues is currently pegged at $6.29 billion, indicating growth of 98.2% from the year-ago quarter. However, the same is estimated to decline 13% 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.
Disney has an Earnings ESP of +3.87% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few other 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:
PLNT is up 16.1% in the year-to-date period against the Zacks Leisure and Recreation Services industry’s decline of 16.3% and the Consumer Discretionary sector’s fall of 22.8%.
Analog Devices (ADI - Free Report) has an Earnings ESP of +2.17% and a Zacks Rank #2. The company is set to report its second-quarter 2022 results on May 18.
Arlo Technologies (BWXT - Free Report) has an Earnings ESP of +33.33% and a Zacks Rank #3. The company is set to announce its first-quarter 2022 results on May 10.
Arlo Technologies’ shares have declined 30.9% in the year-to-date period against Zacks Internet - Software sector’s fall of 43.5%.
Image: Bigstock
Walt Disney (DIS) to Report Q2 Earnings: What's in the Cards?
The Walt Disney (DIS - Free Report) is set to report second-quarter fiscal 2022 results on May 11.
The Zacks Consensus Estimate for earnings has moved down 1.6% to $1.20 per share over the past 30 days, indicating an increase of 51.9% year over year.
The consensus mark for revenues is pegged at $20.25 billion, suggesting growth of 29.73% from the year-ago quarter’s reported figure.
The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing in one, the average surprise being 67.82%.
Let’s see how things have shaped up for this announcement.
The Walt Disney Company Price and EPS Surprise
The Walt Disney Company price-eps-surprise | The Walt Disney Company Quote
Factors to Consider
Disney’s second-quarter fiscal 2022 results are expected to have benefited from strong advertising revenues. The return of live sporting events is likely to have aided 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 $13.8 billion, indicating 11% growth year over year.
Disney+’s subscriber growth rate is expected to have revived in the to-be-reported quarter. Disney and Pixar’s Turning Red was released on Mar 11 on Disney+ worldwide. Moreover, Marvel Studios’ Eternals started streaming exclusively on Disney+ on Jan 12, 2022.
The consensus mark number of paid subscribers at Disney+ is currently pegged at 135.2 million, suggesting 4.2% growth sequentially and a 30.5% rise year over year.
On Mar 21, Disney announced the closing of its Shanghai theme park, effective immediately, as Chinese authorities tried to control the city’s biggest coronavirus flareup in the last two years. Disney said Shanghai Disneyland, Disneytown and Wishing Star Park would be closed until further notice.
This is expected to have negatively impacted Disney’s Parks, Experiences and Products businesses in the to-be-reported quarter. The Zacks Consensus Estimate for Parks, Experiences & Consumer Products revenues is currently pegged at $6.29 billion, indicating growth of 98.2% from the year-ago quarter. However, the same is estimated to decline 13% 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.
Disney has an Earnings ESP of +3.87% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few other 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:
Plant Fitness (PLNT - Free Report) has an Earnings ESP of +22.68% and a Zacks Rank #2. The company is all set to announce its first-quarter 2022 results on May 10. You can see the complete list of today’s Zacks #1 Rank stocks here.
PLNT is up 16.1% in the year-to-date period against the Zacks Leisure and Recreation Services industry’s decline of 16.3% and the Consumer Discretionary sector’s fall of 22.8%.
Analog Devices (ADI - Free Report) has an Earnings ESP of +2.17% and a Zacks Rank #2. The company is set to report its second-quarter 2022 results on May 18.
ADI is down 9.6% in the year-to-date period against the Zacks Semiconductor - Analog and Mixed industry’s decline of 13.4%.
Arlo Technologies (BWXT - Free Report) has an Earnings ESP of +33.33% and a Zacks Rank #3. The company is set to announce its first-quarter 2022 results on May 10.
Arlo Technologies’ shares have declined 30.9% in the year-to-date period against Zacks Internet - Software sector’s fall of 43.5%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.