Disney Earnings: What to Watch This Week
Disney (NYSE: DIS) will announce its fiscal third-quarter results on Tuesday, Aug. 8. The entertainment giant's stock has sat out the market rally this year thanks to worries about stalling sales and profit growth. But will this week's results mark a turn back to steady gains for the business?
Below we'll look at the key trends investors are following for Disney's upcoming report.
The media and networks division, home of the declining ESPN business, logged flat sales in the last six months while operating income dipped by 3%. CEO Bob Iger spent some time talking about the prospects for the ESPN brand in his last conference call with investors, where he highlighted strong demand for live sports in addition to healthy early demand for the product in over-the-top services including Sling TV, Hulu, and PlayStation Vue .
Source: Fool.com
Walt Disney Co. Stock
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As a result the target price of 114 € shows a slightly positive potential of 7.93% compared to the current price of 105.62 € for Walt Disney Co..
