Disney This autumn earnings preview: Eyes on subscriber numbers, park restoration (NYSE:DIS)

Disney (NYSE:DIS) is scheduled to announce This autumn earnings outcomes on Tuesday, November eighth, earlier than market open.

The consensus EPS Estimate is $0.56 (+51.4% Y/Y) and the consensus Income Estimate is $21.44B (+15.7% Y/Y).

Just a few weeks prior to the outcomes, a surprisingly robust subscriber report from Netflix (NFLX) prompt a sustained demand for leisure. This helped spark a rally for a lot of of its streaming friends into the tip of October.

Nonetheless, DIS has additionally confronted current headwinds. Lockdowns in China have just lately shuttered Disney Shanghai. Analysts have trimmed annual EPS expectations 18 occasions within the 90 days previous to the earnings report however have conversely raised income estimates 19 occasions.

In October KeyBanc lowered estimates on the media sector, citing heavy challenges – notably the macroeconomic downturn and growing competitors for advertisements in a troublesome atmosphere.

KeyBanc nonetheless held a relative excessive word of Disney (DIS), suggesting the corporate’s deal with sports activities positions it favorably as compared and parks are “resilient” and feeding money into the enterprise to cowl streaming transition prices.

The Home of Mouse has fallen over 36% in 2022, outpacing declines in main indices.

SA contributor Daniel jones highlighted just a few vital metrics that traders could be smart to concentrate to when Disney’s (DIS) earnings come out, together with streaming subscriber numbers and parks site visitors.

During the last 2 years, DIS has overwhelmed EPS estimates 75% of the time and has overwhelmed income estimates 63% of the time.