The Walt Disney Company (NYSE:DIS) is set to announce third quarter earning results on Tuesday 4th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, DIS to report 3Q20 loss of $ 0.64 per share.
For the full year, analysts anticipate top line of $ 66705.10 million, while looking forward to income of $ 1.33 per share bottom line.
Previous Quarter Performance
The Walt Disney Company revealed income for the second quarter of $ 0.60 per share, from the revenue of $ 18,009.00 million. The quarterly earnings decreased 62.73 percent compared with the same quarter last year. The consensus estimates are income of $ 0.88 per share from $ 17807.50 million in revenue. The bottom line results missed street analysts by $ 0.28 or 31.82 percent, at the same time, top line results outshined analysts by $ 201.50 million or 1.13 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of DIS was $ 116.35, representing a 47.15 % increase from the 52 week low of $ 79.07 and a 24.16 % decrease over the 52 week high of $ 153.41.
The company has a market capital of $ 210.16 billion and is part of the Consumer Cyclical sector and Media – Diversified industry.
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Recent Analyst recommendations
- On 13th July 2020, initiated by Goldman Sachs Group at Buy rating, with $ 137.00 target price.
- On 24th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 135.00 target price.
- On 19th June 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 118.00 target price.
Conference Call
The Walt Disney Company will be hosting a conference call at 4:30 PM eastern time on 4th August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.thewaltdisneycompany.com
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The companys Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses. It also produces original live-action and animated television programming to first-run syndication and television markets; and subscription video-on-demand services and in home entertainment formats, as well as operates ESPN+, a direct-to-consumer streaming service providing multi-sports content.
