Disney To Report Earnings After Market Closes Wednesday, Options Traders Anticipate 5.5% Move
Portfolio Pulse from Lisa Levin
The Walt Disney Company (NYSE:DIS) is set to release its quarterly earnings results after the closing bell on Wednesday. The options market is implying a move of around +/-5.5% following the release, which is down from the 6% average move recorded over the past eight quarters. Analysts expect Disney to report earnings of 97 cents per share on revenue of $22.48 billion for the latest quarter.
August 09, 2023 | 12:51 pm
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NEUTRAL IMPACT
Disney is expected to report earnings of 97 cents per share on revenue of $22.48 billion. The options market is implying a move of around +/-5.5% following the release.
The news is directly related to Disney's upcoming earnings report. The options market is implying a significant move in the stock price following the release, indicating high investor interest and potential volatility. However, the direction of the move is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100