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Disney (DIS) 3rd Quarter Earnings: What to Expect

Disney (Shutterstock photo)

Last week following its better-than-expected earnings results, Jefferies analyst Timothy O'Shea referred to Activision Blizzard (ATVI) as the next Walt Disney Company (DIS), referring to Activision’s ambitious goals as a media/entertainment conglomerate.

For Disney, however, which is three-and-a-half times the size of Activision, the company must show it can be more than a shell of its old self and deliver the growth investors have long craved for. The Burbank, Calif.-based company is set to report third-quarter fiscal 2017 results after Tuesday’s closing bell.

For the three months that ended June, analysts expects Disney to earn $1.56 per share on revenue of $14.43 billion. This compares to the year-ago quarter when its earned $1.62 per share on revenue of $14.28 billion. For the full year that ends in October, earnings are projected to 3.14% year over year to $5.90 per share, while full year revenue of $56.37 billion would rise 1.3% year over year.

With DIS shares down...


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