What to Expect When Disney Reports Tuesday

Walt Disney Co. (NYSE: DIS) is scheduled to release its most recent quarterly results after the markets close on Tuesday. The consensus estimates call for $1.69 in earnings per share (EPS) on $14.08 billion in revenue. In the same period of last year, the entertainment giant said it had EPS of $1.50 and $13.34 billion in revenue.

Disney’s Avengers series has produced blockbuster after blockbuster. Now, the latest installment, “Avengers: Infinity War,” had domestic box office of $250 million its first weekend. The figure also pushes Disney’s share of the U.S. box office to about 30%, double the next studio.

Still, lurking in the background is what studios like Disney do as more and more Americans turn to streaming services like Netflix and Amazon to watch movies. While “Avengers: Infinity War” will be one of the biggest movie hits of all time, it may not be able to take the industry’s annual revenue, which has been around $11 billion for most of the past five years, any higher. Disney already has said it will start a streaming media operation of its own and pull movies it produces from Netflix’s service.

Excluding Monday’s move, Disney had underperformed the broad markets, with stock is down about 9% in the past 52 weeks. In just 2018 alone, the stock was down close to 6%.

A few analysts weighed in on Disney ahead of the report:

  • BMO Capital Markets has a Market Perform rating with a $95 price target.
  • Pivotal Research has a Hold rating with a $93 target price.
  • Loop Capital has a Buy rating and a $130 price target.
  • B. Riley has a Buy rating and a $125 price target.
  • Jefferies has a Hold rating with a $112 price target.
  • Macquarie has a Buy rating with a $125 target price.

Shares of Disney were last seen up about 1% at $101.96 on Monday, with a consensus analyst price target of $119.90 and a 52-week range of $96.20 to $113.19.