The company is expected to release its statement on Wednesday after the market close and the underlying consensus is for the announcement of $ 1.59 earnings per share.
An important distinction to be made here is the fact that, despite the ground-breaking performance of Avengers: Endgame, and its impressive success at the box office, as the movie managed to “snap” all previous records and surpass $ 2 Billion worldwide in 11 days, this revenue will not be reflected by Wednesday’s report. Hence, the total revenue from the biggest movie in history will be accounted for in the next quarterly report.
The overall consensus of the market analysts for this report is for $ 1.59, which if realized, would be lesser than the EPS for the same period last year, which were reported to be $ 1.84. Furthermore, if these expectations come true, then Disney would also register a decrease in its EPS of 0.25 from the previous quarter’s EPS of $ 1.84.
The company’s stock has depreciated last week by finishing Friday’s trading session at $134.33, after first registering an all-time high of $ 142.37 on the 29th of April (Monday), and thus making a small correction in the otherwise impressive run that Disney has had since the beginning of 2019.