The Walt Disney Company (NYSE:DIS) will report its fiscal second quarter earnings after the market closes, and investors will be eager to see what the return of CEO Bob Iger has meant for the company.
The consensus Street expectations for the quarter are revenue of $21.8 billion, a 7% increase year-over-year, and earnings per share of $0.99, compared to $1.08 a year earlier.
Over the last four quarters, Disney has beaten earnings expectations twice and missed twice.
Disney+ subscribers will be a number to watch, which a report from IG warns could be hurt by the company not renewing IPL India cricket broadcasting rights.
However, that is likely to be offset by theme park business growth, the report said.
Analysts will also have their eyes on Disney’s newly-reporting ESPN segment. How much data Disney provides could offer a glimpse into the sports network’s future.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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