Why Disney (DIS) Could Beat Earnings Estimates Again

Core Viewpoint - Walt Disney (DIS) is positioned well to continue its trend of beating earnings estimates, supported by a strong history of performance in recent quarters [1][2]. Earnings Performance - Disney has consistently surpassed earnings estimates, achieving an average beat of 13.40% over the last two quarters [2]. - In the most recent quarter, Disney reported earnings of $1.76 per share, exceeding the expected $1.44 per share by a surprise of 22.22% [2]. - For the previous quarter, Disney's actual earnings were $1.14 per share, surpassing the consensus estimate of $1.09 per share by 4.59% [2]. Earnings Estimates and Predictions - Estimates for Disney have been trending higher, influenced by its history of earnings surprises [5]. - The stock has a positive Zacks Earnings ESP of +1.78%, indicating a bullish outlook from analysts regarding the company's earnings prospects [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report [8]. Earnings ESP Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]. - A negative Earnings ESP can reduce predictive power but does not necessarily indicate an earnings miss [9].