The third-quarter earnings report season is finally wrapping up, and throughout nearly every corner of the market, investors are celebrating strong results. However, there are still a few bellwether reports on the horizon, including that of the Walt Disney Company (DIS – Free Report).
Once regarded as Wall Street’s most reliable buy-and-hold stock, Disney has struggled recently. Shares of the media behemoth are down more than 3% on the year, and investors are starting to become impatient.
Disney is scheduled to announce its fiscal fourth-fourth quarter results after the closing bell Thursday. Based on our latest consensus estimates, we expect Disney to report earnings of $1.12 per share and revenues of $13.15 billion, which would represent year-over-year growth of 1.94% and 0.05%, respectively.
Nearly every segment of Disney’s overall business has felt the pressure lately, but it’s important for investors to prepare themselves for the upcoming report by taking a look at these individual operating units.
This is where we can turn to our exclusive non-financial metrics consensus estimate file. These key stock-driving estimates are updated daily and are based on the independent research of expert stock analysts. For more information on the NFM file, click here.
Based on the latest of these consensus estimates, we expect the weakness in Disney’s Media Networks division to continue. Overall, Media Networks revenue is projected to come in at $5.706 billion, up just 0.85% from the $5.658 billion reported in the year-ago period. What’s more, Media Networks operating income is expected to slump nearly 4.50% to hit $1.672 billion.
(Disney’s cable entities, such as ESPN, have struggled to retain viewers)
More specifically, Disney is projected to report Cable Networks revenue of $4.009 billion and Broadcasting revenue of $1.704, which would mark year-over-year growth rates of just 1.34% and 0.12%. Operating income in these divisions is expected to slip 8.49% and 2.68%, respectively.