Here's what to expect when Disney reports before the bell
What to Watch For
Disney is set to report its fiscal fourth-quarter results before the bell on Tuesday, November 8. Wall Street analysts expect the company to report earnings per share of $1.07 on revenue of $21.3 billion. This would represent an increase of 37% and 10%, respectively, from the same period last year.
There are a few key things to watch for in Disney's report. First, investors will be looking for any updates on the company's streaming business. Disney+ has been a major growth driver for the company in recent years, and investors will be eager to see how the service is performing. Second, investors will be looking for any news on the company's theme parks. Disney's theme parks have been hit hard by the COVID-19 pandemic, and investors will be looking for any signs of recovery.
Third, investors will be looking for any updates on the company's film business. Disney has a number of major films scheduled to be released in the coming months, including "Black Panther: Wakanda Forever" and "Avatar: The Way of Water." Investors will be looking for any news on the performance of these films.
What to Expect
Overall, analysts are expecting a strong quarter from Disney. The company's streaming business is expected to continue to grow, and the company's theme parks are expected to start to recover from the pandemic. Additionally, the company's film business is expected to have a strong quarter with the release of several major films.
However, there are a few risks to watch out for. First, the COVID-19 pandemic is still ongoing, and there is no guarantee that the company's theme parks will be able to fully recover. Second, the company's streaming business is facing increasing competition from other streaming services. Third, the company's film business is dependent on the success of its major releases.
Overall, Disney is a well-positioned company with a number of growth drivers. However, there are a few risks to watch out for in the coming quarters.