Disney Stock – What To Expect From Disney After The Close
The company is expected to report a gain of $0.31/share on $15.86 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $0.43/share. The Whisper number is the Street’s unofficial view on earnings.
A Closer Look At The Fundamentals:
The company has navigated the pandemic very well and launched Disney + which has helped the company soften the financial blow from the big drop in tourism. Revenue and earnings have been contracting in recent quarters as tourism remains lower than normal due to Covid-19.
A Closer Look At The Technicals:
Technically, the stock has enjoyed sizeable gains since the March 2020 low and is pausing now to consolidate that move. Technically, the bulls want to see the stock gap up after earnings are reported but there remains a lot of resistance until it trades above $203.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.