Disney is slated to announce its first-quarter fiscal 2024 results on February 7. Analysts estimate the earnings at 97 cents per share and revenues at $23.47 billion.
In the past year, Disney’s earnings surpassed expectations consistently and trends suggest this could continue. The company’s stock has performed admirably, which can be seen as a boon to potential and current investors. However, the upcoming announcement is crucial in determining the sustainability of these positive trends.
The Walt Disney Company Price and EPS Performance
Here we can see a graphical representation of Disney’s price and EPS performance over a specific time frame. This provides insight into the company’s historical earnings and stock price data, allowing investors to make informed decisions.
Factors Affecting Earnings
The performance of Disney+ is likely to be a key focus in the upcoming earnings report. The streaming service has faced stiff competition from major players such as Amazon Prime Video and Netflix. These rivals, in combination with the emergence of new services like Apple TV+, have potentially impacted Disney+ subscriber growth.
Lower advertising revenues may also pose a challenge for Disney, and the company is anticipated to report a decline in Media and Entertainment Distribution revenues. On a brighter note, the theme park business is on the upswing, with newfound attractions contributing to its growth.
Analysis of these factors is vital as it could greatly influence the overall market perception and subsequently, investor behavior.