TipRanks | May 04, 2015 08:51AM ET
By Carly Forster
Earnings season is continuing to roll on with three big names reporting this week. What should investors be looking for?
The Walt Disney Company (NYSE:DIS):
The Walt Disney Company is slated to announce its second quarter 2015 earnings results on Tuesday, May 5 after market close. Analysts expect the company to post $12.25 billion in revenue and earnings of $1.11 per share, up 5.1% and falling in-line with earnings from the same quarter a year prior, respectively.
Last quarter, Disney posted $1.27 earnings per share, up 23% from the same quarter a year prior. The House of Mouse posted $13.4 billion in revenue, marking a 9% year-over-year increase. In addition, Disney raked in $2.18 billion in profit, a 19% increase year-over-year.
Revenue from Walt Disney’s TV and cable ventures, including ABC Television Group and ESPN, are expected to be impacted by the recent switch from cable to online streaming. However, revenue from its Marvel and Starwars franchises will likely make up for it, particularly in the third quarter and full-year.
With that said, Disney’s recent theatrical release of Marvel’s Avengers: Age of Ultron brought in $27.3 million on its Thursday opening night, making it the sixth highest grossing Thursday debut.
On average, the top analyst consensus for The Walt Disney Company on TipRanks is Strong Buy.
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