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Walt Disney Co. Earnings: Buy Walt Disney Co. (DIS) Stock On Any After-Earnings Pullback

  • Entertainment Giant, The Walt Disney Company is scheduled to report its Q4 earnings on Nov 10.
  • Wall Street expects the company to report EPS of $1.16 on revenue of $13.52B.
  • Can the company cap off the year with a strong performance and reverse the downtrend in the Disney stock price?

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Walt Disney Co. (NYSE:DIS) is set to report its Q4 earnings on November 10th, after the bell. The company is going into the final earnings report of its fiscal year on a strong note, with a 9.1% YoY growth in topline and a 16.7% growth in earnings through the first 9 months. The strong performance through the year has failed to boost Disney stock, which is down 13.9% year-to-date, significantly underperforming the S&P 500 (INDX:SPAL), which is up 1.06% in the same timeframe. Can the company finish the year with a strong performance and reverse the downward trend in the Disney stock price?

Disney Earnings Expectations and Earnings Whisper

Wall Street analysts expect the company to report an EPS of $1.16 on revenue of $13.52B, implying a 3.3% decline in EPS and a stagnant top line in comparison to the year-ago quarter. This will be a deceleration from the 9% top line growth the entertainment juggernaut has reported through the first three-quarters of the current fiscal. The Estimize community expects Disney to report a 4 cent earnings surprise on revenue of $13.56B. The case for an earnings beat is strengthened by an earnings whisper of $1.18, implying a 3 cent EPS beat. But, will an earnings beat be enough to swing the bearish...


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