Disney Stock (DIS) Trading In Range: What To Expect From Earnings
Disney reports earnings this morning, with the stock (NYSE:DIS) tuck within a range that has held through much of the past couple of years. Disney’s stock price has fallen 37.73% over the past 5 years, and sits 1% lower on a 12 month basis, having found the $100-$120 range very comfortable.
It is near the mid-point of this range that the company heads into earnings, with the street expecting $1.58 adjusted EPS on $25.60 billion revenue, both representing year-over-year declines despite the streaming profitability inflection, creating a setup where segment-level execution quality matters more than the headline beat or miss.
The quarter provides the first full accounting of direct-to-consumer operating income following management’s…
