Disney Set for Earnings Report Amid Analyst Expectations
Disney (NYSE: DIS) will release its earnings report on Wednesday before market open. The entertainment and media company's revenue grew by 6.5% year-over-year to $25.17 billion in the previous quarter, beating analysts' expectations.
The market is expecting Disney's revenue to increase by 7.4% year-over-year this quarter, up from the 2.1% growth seen in the same period last year.
Analysts covering Disney have reaffirmed their estimates over the past month, suggesting a stable performance heading into earnings.