Stock Story -
Global entertainment and media company Disney (NYSE:DIS) will be reporting results tomorrow morning. Here's what you need to know.
Disney met analysts' revenue expectations last quarter, reporting revenues of $22.08 billion, up 1.2% year on year. It was a weak quarter for the company, with a miss of analysts' revenue estimates.
Is Disney a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Disney's revenue to grow 3.4% year on year to $23.09 billion, in line with the 3.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.19 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Disney has missed Wall Street's revenue estimates five times over the last two years.
Looking at Disney's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Scholastic's revenues decreased 10.1% year on year, missing analysts' expectations by 14%, and Rush Street Interactive reported revenues up 33.5%, topping estimates by 9.4%. Scholastic traded down 19.9% following the results while Rush Street Interactive was up 7.9%.
Read the full analysis of Scholastic's and Rush Street Interactive's results on StockStory.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. Disney is down 9.5% during the same time and is heading into earnings with an average analyst price target of $122.6 (compared to the current share price of $88.15).
![Disney (DIS) Q2 Earnings Report Preview: What To Look For](https://d68-invdn-com.investing.com/content/pice6dc7e6bebf163309fbf52232c0eeae0.jpeg)