Disney Q2 Earnings Preview: Could Taylor Swift And Bluey Help Media Giant Beat Estimates?
Portfolio Pulse from Chris Katje
Disney is set to report its Q2 earnings with expectations of $22.12 billion in revenue and EPS of $1.10, aiming for a 20% YoY improvement. Analysts are optimistic, highlighting Disney's growth strategy under CEO Bob Iger, strong theme park performance, and potential Disney+ subscriber growth driven by new content like Taylor Swift's concert film and 'Bluey'. Despite a weak box office showing in 2024, Disney's upcoming releases and cost-cutting measures are in focus. Shares are up 29% YTD.
May 06, 2024 | 7:11 pm
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POSITIVE IMPACT
Disney's Q2 earnings are anticipated to show strong results with a focus on Disney+ growth, theme park performance, and cost-cutting measures. Analysts have raised price targets, reflecting optimism in Disney's strategy and content offerings.
The positive outlook from analysts, combined with expected strong performance in theme parks and Disney+ subscriber growth, particularly from high-profile content releases, supports a bullish short-term impact. The company's proactive cost-cutting measures and strategic content acquisitions further bolster investor confidence, contributing to the stock's upward trajectory.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100