Published on 13 Oct 2021 on Zacks via Yahoo Finance

Why the Earnings Surprise Streak Could Continue for Disney (DIS)

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Walt Disney (DIS). This company, which is in the Zacks Media Conglomerates industry, shows potential for another earnings beat.

When looking at the last two reports, this entertainment company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 106.38%, on average, in the last two quarters.

For the most recent quarter, Disney was expected to post earnings of $0.57 per share, but it reported $0.80 per share instead, representing a surprise of 40.35%. For the previous quarter, the consensus estimate was $0.29 per share, while it actually produced $0.79 per share, a surprise of 172.41%.