Yahoo Finance The Zacks Analyst Blog Highlights The Walt Disney, PlayAGS, Fox, and Keysight Technologies
For Immediate Release
Chicago, IL – May 9, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: The Walt Disney Company DIS, PlayAGS AGS, Fox FOXA and Keysight Technologies KEYS.
Here are highlights from Monday’s Analyst Blog:
What To Expect When Walt Disney (DIS) Reports Q2 Earnings?
The Walt Disney Companyis set to report its second-quarter fiscal 2023 results on May 10.
The Zacks Consensus Estimate for earnings has moved down by a penny to 88 cents per share over the past 30 days, indicating a year-over-year decrease of 18.5%.
The consensus mark for revenues is pegged at $21.73 billion, suggesting growth of 12.9% from the year-ago quarter's reported figure.
Notably, Disney's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed in the remaining two quarters, the average surprise being 2.36%.
Let's see how things have shaped up for this announcement.
Factors to Consider
Disney's second-quarter fiscal 2023 results are expected to reflect stalling Disney+ subscriber growth. Disney+, as of Dec 31, 2022, had 161.8 million paid subscribers compared with 164.2 million as of Oct 1, 2022.
Stiff competition from the likes of Amazon prime video and Netflix, as well as the growing prominence of services from Apple, Peacock and HBO Max, is expected to have hurt Disney+'s growth in the to-be-reported quarter.
The Zacks Consensus Estimate for the number of paid subscribers of Disney+ is pegged at 166 million, suggesting 2.5% sequential growth.
Parks, Experiences and Products businesses are expected to have benefited from strong occupancy.
The Zacks Consensus Estimate for Parks, Experiences & Consumer Products' revenues is pegged at $7.55 billion, indicating growth of 13.5% from the figure reported in the year-ago quarter.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here.
Disney has an Earnings ESP of -5.75% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
PlayAGS has an Earnings ESP of +36.17% and a Zacks Rank of 2 at present. You can see the complete list of today's Zacks #1 Rank stocks here.
PlayAGS shares have gained 4.3% year to date. AGS is set to report its first-quarter 2023 results on May 9.
Fox has an Earnings ESP of +2.11% and a Zacks Rank #3.
Fox shares have gained 5.3% year to date. The company is set to report its third-quarter fiscal 2023 results on May 9.
Keysight Technologies has an Earnings ESP of +0.09% and a Zacks Rank #2.
Keysight shares have declined 16% year to date. KEYS is set to report its second-quarter fiscal 2023 results on May 16.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Walt Disney Company (DIS) : Free Stock Analysis Report
Fox Corporation (FOXA) : Free Stock Analysis Report
Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report
PlayAGS, Inc. (AGS) : Free Stock Analysis Report
