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Wall Street Breakfast

Disney earnings, Apple event highlight week

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 5 May 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Focus returns to Disney numbers, streaming after proxy battle. (0:18) First iPad update in 18 months expected. (1:59) Warren Buffett's Q&A. (2:45)

Show Notes
Goldman’s top 50 Stable Growth stocks
Full earnings calendar
Catalyst Watch

Episode transcripts seekingalpha.com/wsb
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events,

0:11.1

along with the weekend's top news and analysis.

0:14.0

Hello, today is Sunday May 5th and I'm your host Kim Khan.

0:18.0

Investors get a little breathing room this week with the earnings calendar easing up some and fewer big economic indicators.

0:25.0

Disney results on Tuesday will be a highlight.

0:27.0

Analysts expect revenue of $22.2 billion, and EPS of 110, with operating operating income of 3.51 billion.

0:35.9

The entertainment segment is forecast to pull in 10.32 billion in revenue, followed by 8.16

0:41.3

billion for the experiences segment

0:43.4

and 4.33 billion for the sports segment.

0:46.6

On the streaming side, investors will be watching the net subscriber edition numbers

0:50.6

for Disney Plus, ESPN Plus and Hulu.

0:54.0

And let's say Disney needs subscriber growth over price increases due to heightened competition

0:58.7

and macroeconomic pressures.

1:01.0

With the proxy process behind it, Morgan Stanley says Disney Management will focus on operations,

1:06.0

financial rigor, management succession, and the implementation of a consistent long-term strategy.

1:12.4

Seeking Alpha Investing Group leader Howard J. Klein

1:14.9

sees a potential buying opportunity on Disney if an earnings miss triggers a

1:19.2

notable share price decline. Among other notable earnings this week, on Monday Tyson Foods, Vertex Pharmaceuticals, and Palantier report results,

1:29.2

along with Disney on Tuesday, McKesson, Ferrari, Global Foundries, Coupang, Electronic Arts, Rivian Automotive, and Data Dog are

1:36.7

Due.

1:37.7

Uber, Anheuser-Busch, Inbev, AirB&B, Shopify, Arm, Energy Transfer, Trade Desk, Beyond Meet, Affirm, and AMC Entertainment

1:46.4

weigh in on Wednesday.

...

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