Disney’s Upcoming Earnings: What’s in Store? (NYSE:DIS)

Disney’s Upcoming Earnings: What’s in Store? (NYSE:DIS)

Disney to announce earnings after market closure.
Analysts predict an earnings per share of 95 cents with total revenues hitting $22.5 billion.
The earnings discussion is set for 4:30 p.m. ET.
Disney shares have remained relatively stable since the start of the year.

As the trading day concludes this Wednesday, all attention turns to Bob Iger, Disney’s CEO.

There are several topics Iger will likely address in the third-quarter fiscal earnings discussion:

The decline in traditional advertising and TV subscriptions, inconsistent performance from its film division at the box office, the ongoing strikes by Hollywood’s actors and writers, and the rising costs associated with streaming.

Iger recently suggested that aside from ESPN — which recently entered a sportsbook collaboration with Penn Entertainment — Disney’s TV channels might not remain central to the company’s long-term strategy.

Key anticipations from Disney’s earnings announcement include:

EPS: Analysts, based on Refinitiv’s consensus, forecast 95 cents per share.
Revenue: A projected $22.5 billion, as per Refinitiv.
Disney+ Subscribers: StreetAccount anticipates around 151.1 million.
As the earnings discussion approaches, investors are keen to learn Iger’s strategy to rejuvenate Disney’s TV segment and address the decreasing subscriber count on Disney+.

In another development, Iger is exploring the acquisition of the remaining third of Hulu, currently co-owned with Comcast. This could incur an upfront cost of approximately $9 billion before any formal talks.

Interestingly, Disney’s theme park sector is seen as its silver lining. After overcoming pandemic-induced shutdowns, it’s predicted to register revenues nearing $8.1 billion, marking nearly a 10% year-over-year increase, based on StreetAccount’s projections.