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Why Disney's Parks Could Lift Its Q4 Earnings

By Zacks Investment ResearchStock MarketsNov 08, 2017 02:01AM ET
www.investing.com/analysis/why-disneys-parks-could-lift-its-q4-earnings-200263611
Why Disney's Parks Could Lift Its Q4 Earnings
By Zacks Investment Research   |  Nov 08, 2017 02:01AM ET
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Almost as fast as it came, the third-quarter earnings season nears its end. But while some investors begin to look down the road, others wait with great anticipation for a few remaining S&P 500 powers, including the Walt Disney Company (NYSE:DIS) , to report their most recent quarterly results.

Disney has garnered a lot of attention over the last year, but not for its usual hit movies and surging stock price. Instead, the media behemoth began to recede in 2017.

Shares of Disney have dipped almost 3% this year. Adding to investor concerns is the simple fact that streaming competition from the likes of Amazon (NASDAQ:AMZN) , Netflix (NASDAQ:NFLX) , and Hulu has hamstrung its linear TV business.

Still, based on our latest Zacks Consensus Estimates, Disney’s fourth-quarter earnings are projected to gain 1.82%. On top of anticipated EPS gains, the company’s revenues are expected to crawl up 0.05%.

Aside from the small projected expansion of its top and bottom lines, investors will want to look much further into Disney’s business segments in order to gain a more comprehensive understanding of what to expect in Q4.

This is where our exclusive non-financial metrics consensus estimate file comes into play. These key stock-driving estimates are updated daily and are based on the independent research of expert stock analysts. For more information on the NFM file, click here.

At a time when many Disney investors are concerned that its Media Networks division and Studio Entertainment unit might experience declines, the company’s Parks and Resorts unit could help boost the company’s fourth-quarter revenues.

Disney’s Parks and Resorts unit, which includes Walt Disney World, Disneyland, other parks, and an array of resorts, is projected to expand. Based on our exclusive NFM estimates, we expect Disney to post $4.559 billion in revenues in its theme park and resorts segment.

This projected 3.94% year-over-year jump could be boosted by its new Shanghai Disney Resort, which opened in mid-2016.

For more stock-moving estimates ahead of Disney’s Q4 report, check out our full guide: What To Expect From Disney's Q4 Earnings Report.

And make sure to check back here for our full analysis of Disney’s actual results later this week!

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Walt Disney Company (The) (DIS): Free Stock Analysis Report

Amazon.com, Inc. (AMZN): Free Stock Analysis Report

Netflix, Inc. (NFLX): Free Stock Analysis Report

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Why Disney's Parks Could Lift Its Q4 Earnings
 

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Why Disney's Parks Could Lift Its Q4 Earnings

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