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02/04/20 12:04 PM

#339026 RE: uranium-pinto-beans #339020

Walt Disney (DIS) is scheduled to report Q1 results after the close with a conference call slated to begin at 4:30 p.m. ET.

The current Capital IQ Consensus Estimate calls for Q1 EPS of $1.44 (vs $1.84 a year ago) on sales growth of 36.2% to $20.84 billion.
Disney+ headlines:
On Nov. 13, DIS announced Disney+ had reached 10 million subs in the U.S., Canada and The Netherlands.
On Dec. 11 CNBC reported that app data firm Apptopia reported Disney+ had averaged 9.5 million daily active mobile users, and had been downloaded 22 million times mobile only.
On Jan. 14, CNET cited a Sensor Tower report which suggested Disney+ mobile app downloads hit nearly 41 million.
On Jan. 16 Comcast (CMCSA) unveiled Peacock, a free premium ad-supported streaming service with subscription tiers; said the service would launch April 15 to Comcast's Xfinity X1 and Flex customers; to debut nationally on July 15.
On Jan. 21, DIS's Direct-to-Consumer & International segment set March 24 as the new launch date for Disney+ in markets across Western Europe.
Much pent up enthusiasm was released in shares of DIS the day of the Disney+ launch (Nov. 12) as shares shot 8.2% higher the following session. Action in the stock has quieted down somewhat since then as shares have mirrored the broader late-January, early-February selloff. The stock has recouped some of the recent losses in the past two days, up about 4.1% since Friday's (1/31) close.
DIS also owns a stake in Hulu -- on Nov. 15 Hulu announced that on Dec. 18 its Hulu + Live TV tier price would increase in price to $54.99/month from $44.99.
In the quarter DIS debuted Frozen 2, the sequel to the widely-successful 2013 title Frozen. The title brought in $130 million in its opening weekend, according to Variety. Disney also confirmed the opening weekend numbers.
Also, Star Wars: The Rise of Skywalker debuted on Dec. 20 to a $175.5 million opening weekend, below both The Force Awakens and The Last Jedi's $200 million debuts, according to Polygon. Disney confirmed the numbers on Star Wars as well.
DIS sits at $260 billion market capitalization and trades at roughly 26.2x forward P/E vs peer NFLX's 59.9x and CMCSA's 13.3x.