Disney leads media revenue this week as reporting season moves past peak


We are past the peak of the earnings season and about 87% of S&P 500 companies have already released their quarterly earnings, FactSet reports.

According to data from Benzinga Pro, about 75.6% of S&P 500 companies have reported gains above consensus. The percentage of beat drops to about 63% when all companies are included.

A look back at last week’s revenue trend shows that Advanced Micro Devices, Inc. AMD disappointed with subpar third quarter revenue expectations. Chinese e-commerce giant Alibaba Group Holding Limited BABA reported flat revenue performance for the first time.

Here are the main revenues planned for the coming week:

Tyson Foods, Inc. TSN

Earnings schedule: Monday, before market opens EPS estimate: $1.97 vs. $2.70 a year ago Estimated revenue: $13.24 billion vs. $12.47 billion a year ago

Tyson Foods is expected to report modest sales growth, but input cost pressures may weigh on bottom line.

BioNTech SE BNTX

Earnings schedule: Monday, before market opens EPS estimate: $7.36 vs. $12.97 a year ago Estimated revenue: $4.09 billion vs. $6.39 billion a year ago

Expectations are high for BioNTech, especially after its US partner Pfizer, Inc. PFE reported strong COVID vaccine revenue in the second quarter. The American company raised $8.5 billion from the sale of Comirnaty.

Palantir Technologies, Inc. PLTR

Earnings schedule: Monday, before market opens EPS estimate: 3 cents vs. 4 cents a year ago Estimated revenue: $471.34 million vs. $376 million a year ago

Related link: Will the S&P 500 end higher in 2022? This is what analysts predict

Novavax, Inc. NVAX

Earnings schedule: Monday, after the close EPS estimate: $5.5 vs. (-$4.75) a year ago Estimated revenue: $1.02 billion vs. $298 million a year ago

With COVID-19 vaccine revenue finally flowing, Novavax is expected to report a gain rather than a loss a year ago. Investors’ focus is likely to be on vaccine income as well as commentary on its inclusion.

American International Group, Inc. AIG

Earnings schedule: Monday, after the close EPS estimate: $1.10 vs. $1.52 a year ago Estimated revenue: $11.25 billion vs. $11.27 billion a year ago

News Corporation, Inc. NWSA NWS

Earnings schedule: Monday, after the close of the EPS estimate: 7 cents Vs. 16 cents a year ago Estimated revenue: $2.59 billion vs. $2.49 billion a year ago

Norwegian Cruise Line Holdings Ltd. NCLH

Earnings schedule: Tuesday, before market opens EPS estimate: (-86 cents) vs. (-$1.93) a year ago Estimated revenue: $1.26 billion vs. $4.37 billion a year ago

Coinbase Global, Inc. COIN

Earnings schedule: Tuesday, after the close EPS estimate: (-$2.68) vs. $6.42 cents a year ago Revenue estimate: $830.52 million vs. $1.78 billion a year ago

The downturn in cryptocurrencies may have hurt trading volume at Coinbase, potentially resulting in a drop in revenue. The company’s stock recently took a hit from the partnership it announced with BlackRock, Inc. BLK for the latter’s institutional clients who gain direct access to Coinbase’s trading custody,

Fox Corporation FOXA FOX

Earnings schedule: Wednesday, before market opens EPS estimate: 49 cents vs. 54 cents a year ago Revenue estimate: $7.84 billion vs. $7.42 billion a year ago

Walt Disney Company DIS (third quarter results)

Earnings schedule: Wednesday, after the close EPS estimate: $1.0 vs. 69 cents a year ago Revenue estimate: $20.49 billion vs. $17.0 billion a year ago

Disney’s results can be closely monitored to see if economic issues have affected visitor numbers at the theme parks. The focus will also be on growth trends for subscribers to Disney+ streaming services.

Roblox, Inc. RBLX

Earnings schedule: Wednesday, after the close EPS estimate: (-0.26 cents) Vs. (-25 cents) a year ago Estimated revenue: $645 million vs. $454.1 million a year ago

Photo: Courtesy of Scott Beale on flickr


This post Disney leads media revenue this week as reporting season moves past peak was original published at “https://www.benzinga.com/news/earnings/22/08/28390188/disney-leads-media-earnings-as-reporting-season-goes-past-the-peak”

Leave a Reply

Your email address will not be published.