3 months ago
Key Takeaways
- Disney will study third-quarter net earlier Wednesday's opening bell.
- Analysts expect Disney to plaything to a profit, aft nan institution reported a nonaccomplishment successful nan anterior 4th and year-ago period.
- Investors will apt beryllium watching for spot successful nan company's experiences segment, driven by its parks and cruises.
- The institution will besides supply updates connected its streaming business aft securing NBA rights.
Disney (DIS) is group to study third-quarter net earlier nan opening doorbell Wednesday, pinch investors apt to beryllium watching for spot successful its experiences conception and updates connected its streaming business.
The company's gross is expected to turn to $23.02 billion, according to estimates compiled by Visible Alpha. Net income is projected to travel successful astatine $1.83 cardinal aliases $1 per share, aft nan institution reported a nonaccomplishment of $460 cardinal aliases 25 cents per stock a twelvemonth ago.
| Analyst Estimates for Q3 2024 | Q2 2024 | Q3 2023 | |
| Revenue | $23.02 billion | $22.08 billion | $22.33 billion |
| Diluted Earnings / (Loss) Per Share | $1 | (1 cent) | (25 cents) |
| Net Income / (Loss) | $1.83 billion | ($20 million) | ($460 million) |
Key Metric: Experiences Revenue
In nan 2nd quarter, Disney said gross from its experiences conception surged, driven by maturation from its parks and cruises.
Disney CEO Bog Iger said nan institution sees "lots of opportunities to proceed to turn attendance, some domestically and internationally," particularly successful its cruise business. Disney recently announced it is launching a Tokyo-based cruise ship.
Analysts expect experiences gross to travel successful astatine $8.59 billion, per statement estimates, which would correspond astir 5% maturation from nan year-ago period.
Business Spotlight: Streaming Outlook After NBA Win
Disney has invested heavy successful its streaming segment, pinch nan institution reporting a astonishment profit successful nan 2nd 4th successful its direct-to-consumer intermezo segment, which consists of Disney+ and Hulu.
The company, alongside its streaming competitors, has stake connected sports done its ESPN partnership. ESPN recently secured NBA rights which could thief Disney support its streaming business.
Recent movie releases, for illustration "Inside Out 2" and "Deadpool & Wolverine," could besides prop up its streaming conception arsenic nan titles make their measurement to Disney+.
Disney shares person mislaid adjacent to 1% truthful acold this year, astatine $89.57 arsenic of Friday's close.
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