Walt Disney Q3 Earnings Preview: Long-Term Bottom Could Be in Ahead of Report

investing.com:

Walt Disney (NYSE:DIS) is all set to release its fiscal Q3 earnings right after the market closes tomorrow, August 9th. Back in May, the

Now, things have settled a bit, and even though expectations have been adjusted since that last quarterly report, we're still curious to see if the house of Mikey has any surprises up its sleeve this time around. According to InvestingPro, earnings per share (EPS) could be around $0.99 for the quarter, with revenue forecasts hovering at approximately $22.53 billion.

Here's the twist: those same analysts who previously had higher expectations have now lowered their HBK from $1.44 and brought down the revenue estimates from $22.97 billion.

Forecasts for the rest of the year suggest that Disney could reach an average HBK of 3.73 and a price/earnings ratio of 23.3X by the end of the year. Year-end revenue expectations are estimated at $89.41 billion, up 8%. In the longer term expectations, Disney's revenue is expected to reach $100 billion by 2026. Earnings per share expectations come in the form of an average of $5, with an increase of 33% by the end of next year.

With a substantial market capitalization reaching almost $158 billion, Walt Disney stands as a cornerstone in the entertainment industry, making waves across two distinct sectors. Beyond its renowned amusement parks and product sales, Disney's influence extends to the media realm, encompassing digital platforms and the film industry. Operating under the banner of Disney Plus, its digital platform efforts in media are noteworthy, while its cinematic prowess is highlighted through heavyweight studios like Walt Disney Pictures, Marvel Studios, and Lucasfilm.

This esteemed stature in the industry commands considerable attention from