Disney seen posting higher rev, EPS in results due Wednesday
DIS•Disney earnings preview
** Walt Disney Co DIS.N shares are up 0.3% at $98.41 on Tues ahead of qtrly results due before the bell on Wednesday, with the co expected to report higher rev and EPS amid concerns about fewer international visitors to its theme parks
** The entertainment and media conglomerate is expected to post Q3 rev up 7% to $25.40 bln and adj EPS of $1.86, vs $1.61 a yr ago, per LSEG
** Investors are likely to focus on parks attendance and streaming subscriber growth
** In May, Disney's new Chief Executive Josh D'Amaro laid out his strategy for the co, saying it would remain committed to creative excellence, strengthen its streaming business, capitalize on live sports and continue to invest in theme parks and cruise lines
** DIS also noted lower domestic theme park attendance, citing a drop in international visitors and increased competition
** "The conversation has shifted to consumer health and durability for Experiences, and runway of content/engagement across all of streaming," Jefferies analysts wrote in a recent preview note
** Stock has fallen 13.5% YTD, underperforming the Dow's .DJI 12.7% gain
** The median price target of 33 analysts is $126.20, while 30 analysts rate the stock "buy" or "strong buy," two rate it a "hold," and one rates it a "sell," per LSEG
