RPT-BUZZ-PREVIEW: Disney expected to report Q2 EPS, rev growth
Walt Disney Company DIS | 0.00 | |
Dow Jones Industrial Average DJI | 0.00 |
Updates Tuesday's BUZZ with no changes to text
** Walt Disney Co DIS.N shares down 0.3% on Tuesday ahead of fiscal Q2 report due out before market open on Weds
** Wall Street analysts see the entertainment co reporting adj EPS of $1.49 vs $1.45 in year-ago quarter on rev of $24.78 bln, which would up 4.9% from $23.62 bln year-ago, as per LSEG
** In last eight quarters DIS beat the Street's EPS view every time while rev met or beat just five times
** Disney 's new CEO Josh D'Amaro, announced layoffs in mid-April as he seeks to streamline operations. In Feb DIS shares slumped after it warned of a decline in international visitors to its U.S. theme parks and a slump in earnings at its TV and film division
** DIS last traded at $100.98 vs median PT of $130 as per LSEG, which shows 33 analyst ratings: 10 'strong buy,' 18 'buy,' 4 'hold,' and 1 'sell'
** Shares down ~11% YTD vs 2.6% gain for Dow Industrials .DJI, ~9% gain for S&P 500 communications services index .SPLRCL
** Options activity implies a 6.6% swing in either direction for DIS shares by Fri, compared with an avg post-earnings 1-day move of 6.4% over past eight earnings days, according to Trade Alert
