Global entertainment and media company Disney (NYSE:DIS) will be reporting earnings tomorrow before market open. Here’s what to look for. Disney met analysts’ revenue expectations last quarter, reporting revenues of $24.69 billion, up 4.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EPS estimates. Is Disney a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Disney’s revenue to grow 4.9% year on year to $23.17 billion, improving from the 1.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.21 per share.Disney Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Disney has missed Wall Street’s revenue estimates four times over the last two years. Looking at Disney’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. fuboTV delivered year-on-year revenue growth of 3.5%, missing analysts’ expectations by 28.7%, and Hasbro reported revenues up 17.1%, topping estimates by 14.8%. fuboTV traded down 13.3% following the results while Hasbro was up 15.9%. Read our full analysis of fuboTV’s results here and Hasbro’s results here. There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 9.2% on average over the last month. Disney is up 10.8% during the same time and is heading into earnings with an average analyst price target of $121.93 (compared to the current share price of $92.30). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. View Comments
Disney (DIS) Q1 Earnings: What To Expect
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