2019-11-11 • Dikemaskini
The Walt Disney Company will report its financial results for the fiscal Q2 on Wednesday, May 8. Notice that fiscal year for Disney starts in October, so its fiscal Q2 reflects the company’s performance during the first 3 months of 2019. What to expect from the earnings report and how it will influence the stock?
Disney’s life has been quite eventful so far and these are the positive events. The company launches a new streaming video service, enjoys strong results of Captain Marvel and Avengers: Endgame at the box office and opens new attractions at its parks and resorts. Disney's linear-TV business should generate decent returns.
On the downside, Disney has been doing so good that investors’ expectations are now very high. In particular, Black Panther made the second-quarter fiscal results of 2018 hard to surpass. As a result, according to the consensus forecast, Disney’s EPS will drop from $1.84 a year ago to $1.57. Revenue is expected to increase only slightly to $14.48 billion.
Another factor is that the company is making huge investments in direct-to-consumer (DTC) businesses. In Q2, it spent $200 million. These expenses will naturally have a negative impact on the company’s profit. In addition, about $45 million of fiscal Q2 operating income may be shifted to fiscal Q3 because of the timing of the Easter holiday period. The reported income from parks, experiences and consumer products may also disappoint as Disney now uses a new revenue standard. There are many more factors that hurt the company’s results that we don’t list here.
Looking ahead, the upcoming launch of Disney+ is a serious challenge: it’s vitally important for Disney to impress the market and the users right away. Still, if all goes well, the company will be able to create a tough competition for Netflix. Moreover, in the upcoming months, Disney will be incorporating $50 billion of content and theatrical production assets from 21st Century Fox. That will increase Disney's size and strength.
Technical picture
Last week Disney stock made a big slump after reaching an all-time high at 142.30. A “dark cloud cover” pattern was formed on the weekly chart. This is a bearish sign. There’s a technical need for further correction to the downside. The levels to watch are 130.00 and 126.50. The long-term support is at 120.00. As long as the price is above this point, the long-term uptrend remains in place.
Conclusion
The earnings report may give a reason for investors to take profit, so the stock may revisit lower levels. The prospects of interesting developments that will take place later this year can make investors look for buy opportunities at 126 or 120.
Semakin ramai penganalisis yakin bahawa minyak Brent akan melepasi $100 setong. Jadi sekuat manakah minyak akan menggerakkan pasaran, dan ke manakah arah pergerakan itu? Jom ketahui!
Tampaknya drama di antara para pengguna Reddit dan firma-firma dana lindung nilai Wall Street telah mereda sejak awal minggu ini.
Brexit selesai. Apa yang akan terjadi pada ekonomi UK dan pound? Ketahui di dalam artikel kami.
Fed mengumumkan pada hari Rabu bahawa ia membiarkan kadar dasar tidak berubah pada 5…
Jepun melangkah lebih dekat kepada campur tangan mata wang dengan amaran terkuatnya apabila yen merosot ke paras paling lemah dalam kira-kira 34 tahun berbanding dolar…
Sentimen pasaran yang memulih pada pembukaan dagangan awal minggu semalam telah menukar semula haluan pergerakan USD…
FBS menyimpan rekod data anda untuk mengoperasikan laman web ini. Dengan menekan butang "Terima", anda menyetujui Polisi Privasi kami.
Permohonan anda telah diterima
Pengurus akan menghubungi anda dalam amsa terdekat
Permohonan panggil balik seterusnya untuk nombor telefon ini
boleh dilakukan dalam dalam
Jika anda mempunyai isu yang perlu disegerakan, sila hubungi kami menerusi
Live Chat
Masalah dalaman. Sila cuba sebentar lagi
Jangan bazir masa anda – pantau bagaimana NFP mempengaruhi dolar AS dan kaut keuntungan!
|
