Walt Disney Company (DIS) Pre-earnings Analysis
Chart done on daily timeframe. Disney is set to report its quarterly earnings tomorrow before market open and analysts are ambitious about their numbers. The company is set to report its third quarterly earnings above the 1.20 mark in earnings per share (EPS), which would be a big accomplishment for them since their struggles of the pandemic. The company endured many headwinds in the past four years as criticism rose around their leadership, but they managed to come out winning, proving their ability to once again thrive. Park attendance is expected to grow for the summer and Hulu/Disney+ is set to remain a big focus in terms of profitability. Disney’s operations are costly, so they’ve relied on their streaming platform and content to boost their earnings, which has proven to be successful in recent quarters.
Options chain analysis:
Disney’s option chain expiring on August 9th is currently reflecting an implied volatility reading of about 96%, which translates to about a projected move of $6.40 from the underlying stock. The direction of that move will depend on the earnings call and report.