What to Expect From Walt Disney (DIS) Earnings Reports?

Walt Disney (DIS) will announce the results for the last quarter of fiscal year 2020 on February 11th.

The Zacks Consensus Forecast has remained stable at 47 cents per share over the past 30 days. Disney reported earnings of $ 1.53 per share in the previous quarter. The consensus rating for revenues was fixed at $ 15.6 billion, pointing to a 25 percent decrease from the figure reported in the previous quarter. Disney is expected to be adversely affected by the theme parks and cruise ships closed due to the coronavirus outbreak and movie broadcasts delayed. The company's portfolio of direct-to-consumer services has exceeded 137 million global paid subscribers, including 11.5 million ESPN + subscribers, 38.8 million Hulu subscribers and a staggering 86.8 million Disney+ subscribers since its launch in November 2019. The Zack Consensus Forecast for DTC and International/Consumer Products revenue is currently stable at $ 5.27 billion, a growth of 32.4 percent from the figure reported in the previous quarter. In addition, Disney announced that to accelerate its direct-to-consumer strategy, the company will centralize it in a single organization that will be responsible for media businesses, content distribution, ad sales and Disney+.   What to Expect From Walt Disney (DIS) Earnings Reports? Source: https://finance.yahoo.com/ You may also be interested in:

Companies Investing in Bitcoin: Paypal (PYPL), Square (SQ), Tesla (TSLA) and Galaxy Holdings (BRPHF)