:max_bytes(150000):strip_icc()/GettyImages-2208562536-478ee45a36a14d6a855a64e578c366e5.jpg?w=1920&resize=1920,1228&ssl=1 "What Analysts Think of Disney Stock Ahead of Earnings")
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key takeaways
- The Walt Disney Company is ready to report the results of the fiscal second quarter on Wednesday morning, and analysts have a large extent on media and entertainment veteran stock.
- Analysts hope that the revenue will increase from year to time, but the profit has declined.
- UBS analysts stated that they expect a strong quarter, but said a recession would have a risk to Disney’s advertising and experience areas.
The Walt Disney Company (DIS) is scheduled to report the results of the fiscal second quarter before the inaugural bail on Wednesday, and analysts have a large extent on the stock of media and entertainment giants.
Of the seven analysts tracked by visible alpha that cover the Disney Rate as “buy”, while the other two “hold” it. Their average price target is $ 120, about 30% premium for the closing level of stock on Friday, analysts feel that the stocks will reverse the fall of about 19% since the end of February.
The group is expected to report revenue for the second quarter of $ 23.17 billion, which is expected to decrease by one penny to one penny to $ 1.20, while adjusted income per share.
Analysts expect solid Q2 but warns of ‘risk of recession’ further
UBS analysts repeated their “purchase” ratings in a note recently previewed Disney’s earnings, but trimmed their price target from $ 130 to $ 105. Analysts stated that they hope that the second quarter of the firm “reflects flexible demand in parks, new cruise ships and initials from advertising”, but see “risk of recession” in the second part of the financial year that can hit advertising revenue and park trips.
In the last quarter, Disney’s revenue and profit estimated, but it recorded a slight decline in Disney+ customers, and said it is expected to have another “slight decline” in the second quarter. Visible alpha consensus calls for 123.7 million Disney+ customers at the end of the second quarter.
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