DIS reports on WED--
In the coming week, Disney results will be the big event of the earnings calendar.
For Disney, it will be the first time reporting since the return of Bob Iger as chief executive after former CEO Bob Chapek was ousted.
Sophie Lund-Yates, equity analyst at Hargreaves Lansdown notes the pressure is on for Iger to prove he has the right ideas to stimulate growth.
"This is especially true in the streaming business, where excessive spending and long-term demand concerns are front of mind," Lund-Yates said in a note. "For now, consumer spending is holding up better than feared in some areas, so we have faith Disney+ will come good on subscriber additions, especially after Netflix’s better-than-expected quarter, despite tough economic conditions."
"In theme parks, we expect to hear about positive momentum as China reopens and travel continues to normalize," Lund-Yates added. "This will have a strong read-across for profits."
In the coming week, Disney results will be the big event of the earnings calendar.
For Disney, it will be the first time reporting since the return of Bob Iger as chief executive after former CEO Bob Chapek was ousted.
Sophie Lund-Yates, equity analyst at Hargreaves Lansdown notes the pressure is on for Iger to prove he has the right ideas to stimulate growth.
"This is especially true in the streaming business, where excessive spending and long-term demand concerns are front of mind," Lund-Yates said in a note. "For now, consumer spending is holding up better than feared in some areas, so we have faith Disney+ will come good on subscriber additions, especially after Netflix’s better-than-expected quarter, despite tough economic conditions."
"In theme parks, we expect to hear about positive momentum as China reopens and travel continues to normalize," Lund-Yates added. "This will have a strong read-across for profits."
