Chief government officer and chairman of The Walt Disney Firm Bob Iger walks on the ground of the New York Inventory Trade (NYSE) earlier than ringing the opening bell, November 27, 2017 in New York Metropolis.
The Walt Disney Firm is scheduled to report fourth-quarter and full-year earnings after the bell Thursday.
This is what Wall Road tasks for the corporate’s fourth-quarter outcomes:
- EPS: $1.34, forecast by Refinitiv
- Income: $13.73 billion, forecast by Refinitiv
For the total yr, the Road had projected earnings of $6.94 per share on $58.87 billion in income, in response to a Refinitiv consensus estimates.
Disney’s earnings come as traders proceed to hunt extra data on the corporate’s long-term imaginative and prescient for its varied streaming investments in addition to the way it plans to combine property not too long ago acquired from Twenty-First Century Fox.
Longtime CEO Bob Iger has stated that the aim of the Fox deal is to develop the leisure large’s content material library as Disney prepares to launch its personal streaming service in 2019. By means of its acquisition of Fox property, Disney has additionally doubled its stake within the streaming service Hulu.
Disney has been experimenting with over-the-top video choices, as it really works to regulate to altering shopper habits. In April, Disney launched ESPN+ and stunned analysts by notching greater than 1 million paid subscribers in simply 5 months.
Disney shares have gained 7 p.c thus far this yr, hitting a 52-week intraday excessive of $119.69 on Oct. 22.
Programming be aware: Disney Chairman and CEO Bob Iger is scheduled to look on CNBC’s “Closing Bell” with Julia Boorstin on Thursday at four p.m., ET.
That is breaking information. Please test again for updates.