Earnings Report for Wednesday (8/7)
Walt Disney (DIS)
Trend: Shares have been trending lower since early April, down nearly 25%.
Upcoming Report: Fiscal third-quarter results to be unveiled ahead of market open.
Expected Performance:
Earnings per share (EPS): $1.19 (+15.5% YoY)
Revenue: $23.0 billion (+3.1% YoY)
Analyst Insight:
CFRA Research analyst Kenneth Leon reduced his price target by $16 to $100, maintaining a Hold recommendation.
Focus areas: Disney+, technology advancements, customer churn, and user experience.