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 Q4 Earnings: What's in the Cards?
Read MoreHide Full Article
The Walt Disney Company (DIS - Free Report) is set to report its fourth-quarter fiscal 2022 results on Nov 8.
The Zacks Consensus Estimate for earnings has moved down 9.5% to 57 cents per share over the past 30 days, indicating an increase of 54.1% year over year.
The consensus mark for revenues is pegged at $21.11 billion, suggesting growth of 13.9% from the year-ago quarter’s reported figure.
Notably, Disney’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed in the remaining two quarters, the average surprise being 16.12%.
Let’s see how things have shaped up for this announcement.
Factors to Consider
Disney’s fourth-quarter fiscal 2022 results are expected to benefit from strong Disney+ growth and revival in Parks, Experiences and Products businesses.
The Zacks Consensus Estimate for Parks, Experiences & Consumer Products revenues is currently pegged at $7.32 billion, indicating growth of 34.3% from the figure reported in the year-ago quarter.
Disney+ has emerged as a key growth driver for Disney, primarily driven by its solid content portfolio. Expanding footprint has been a key catalyst.
Disney+, as of Jul 2, 2022, had 152.1 million paid subscribers compared with 116 million as of Jul 3, 2021.
The rapidly growing subscriber base has strengthened Disney’s position in the increasingly saturated streaming space currently dominated by Netflix and the growing prominence of services from Apple, Peacock, Amazon prime video and HBO Max.
The Zacks Consensus Estimate for the number of paid subscribers of Disney+ is currently pegged at 162 million, suggesting 37.2% growth year over year.
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 -7.48% 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 have the right combination of elements to post an earnings beat in their upcoming releases:
Image: Shutterstock
Walt Disney (DIS) to Report Q4 Earnings: What's in the Cards?
The Walt Disney Company (DIS - Free Report) is set to report its fourth-quarter fiscal 2022 results on Nov 8.
The Zacks Consensus Estimate for earnings has moved down 9.5% to 57 cents per share over the past 30 days, indicating an increase of 54.1% year over year.
The consensus mark for revenues is pegged at $21.11 billion, suggesting growth of 13.9% from the year-ago quarter’s reported figure.
Notably, Disney’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed in the remaining two quarters, the average surprise being 16.12%.
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 fourth-quarter fiscal 2022 results are expected to benefit from strong Disney+ growth and revival in Parks, Experiences and Products businesses.
The Zacks Consensus Estimate for Parks, Experiences & Consumer Products revenues is currently pegged at $7.32 billion, indicating growth of 34.3% from the figure reported in the year-ago quarter.
Disney+ has emerged as a key growth driver for Disney, primarily driven by its solid content portfolio. Expanding footprint has been a key catalyst.
Disney+, as of Jul 2, 2022, had 152.1 million paid subscribers compared with 116 million as of Jul 3, 2021.
The rapidly growing subscriber base has strengthened Disney’s position in the increasingly saturated streaming space currently dominated by Netflix and the growing prominence of services from Apple, Peacock, Amazon prime video and HBO Max.
The Zacks Consensus Estimate for the number of paid subscribers of Disney+ is currently pegged at 162 million, suggesting 37.2% growth year over year.
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 -7.48% 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 have the right combination of elements to post an earnings beat in their upcoming releases:
BJ’s Wholesale Club (BJ - Free Report) has an Earnings ESP of +0.63% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
BJ’s Wholesale shares are up 16% year to date. BJ is set to report its third-quarter 2022 results on Nov 17.
Take-Two Interactive (TTWO - Free Report) has an Earnings ESP of +4.20% and carries a Zacks Rank of 3, at present.
Take-Two shares have been down 37.4% year to date. TTWO is set to report its second-quarter fiscal 2022 results on Nov 7.
SeaWorld Entertainment has an Earnings ESP of +3.24% and a Zacks Rank #3.
SEAS shares are down 12.8% year to date. SeaWorld is set to report third-quarter 2022 results on Nov 9.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.