What to Watch When Disney Reports Earnings
Disney is set to report earnings after the bell Wednesday, May 8.
For its fiscal second quarter, the company is expected to report quarterly earnings of $1.58 a share on sales of $14.5 billion, marking trimmed estimates on both a sequential and year over year basis due to the scheduling of many key catalysts after the first quarter, reported Real Money's Kevin Curran.
"We believe the core March quarter EPS will outperform expectations largely due to the studio business where Captain Marvel's $1 billion global gross in the March quarter was likely ahead of management's projection when it guided to a large decline in film division profits," Loop Capital analyst Alan Gould explained to Curran.
Disney is Real Money's Stock of the Day.
For more coverage on Disney and what investors should keep their eyes on ahead of the earnings report, head on over to Real Money.
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