Disney share price: what to expect from Q2 results
Investors can possibly expect a major merger and an upcoming streaming service launch to affect Disney's Q2 earnings report.
When is Disney’s results date?
Disney’s Q2 earnings report is due Wednesday, May 8.
Disney results preview: what does the company expect?
Disney’s Q2 revenue is expected to increase with the recent completion of its $71.3 billion acquisition of 20th Century Fox. Disney president Bob Iger, touted the merger as a benefit to shareholders.
‘This is an extraordinary and historic moment for us — one that will create significant long-term value for our company and our shareholders,’ said Iger.
Disney’s Q2 earnings could be boosted by Hulu’s rivalry with Netflix. The entertainment corporation owns 60% of Netflix competitor Hulu, which has added twice as many subscribers as Netflix did in its latest earnings report. Hulu added three million new subscribers compared to Netflix’s 1.74 million US subscribers.
While Hulu could increase Disney’s Q2 revenue, new streaming services could negatively impact Disney’s Q2 earnings. In addition to its stake in Hulu, the company recently announced the upcoming launch of its own video on demand division, Disney + in late 2019. In its Q1 2019 earnings report, Iger warned that Disney’s Q2 earnings per share could be worse-than-expected because of increased expenses for Disney + and its successful sports app ESPN+.
How to trade Disney’s Q2 results
Wall Street experts expect Disney stock to be a buy because of the recent record-breaking success of ‘Avengers Endgame'. Zack’s Equity Research agrees with the company’s weak guidance for Disney’s Q2 earnings because of increased expenditures.
While Zack’s predicts reduced earnings per share, Zack's also expects Disney’s Q2 revenue to be $14.64 billion, slightly above its Q1 profits. Investors will see if Disney’s Q2 earnings will depend on its current success with blockbuster movies and future streaming ventures.
The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.
Act on share opportunities today
Go long or short on thousands of international stocks with CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
