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Disney will provide its quarterly earnings report today after the market close, and its shares will surely be active during the upcoming trading session. Analysts expect that Disney will report revenue of $17.5 billion and earnings of $0.90 per share.
This time, the main focus will be on Disney’s plan to navigate through the current environment. While the world economies begin to lift virus containment measures, it is not clear when and how the entertainment venues like Disney parks will open.
The coronavirus pandemic dealt a material blow to Disney’s business, and it’s hard to estimate the timing of its recovery. That’s why the company’s stock did not rebound as fast as other leading companies’ shares and is still down about 30% year-to-date.
The report and the subsequent earnings call will surely provide enough catalysts to set the tone for Disney stock in the upcoming weeks.
Marathon Petroleum
Refineries got hit hard during the recent oil price slump but their shares are starting to recover. Marathon Petroleum stock is already trading well above the lows seen in mid-March but it’s still down about 50% year-to-date.
The company will provide its quarterly earnings report today before the market open. It is expected to report revenue of $28 billion and a loss of $0.27 per share.
As the lockdown is eased, the market expects that demand for petroleum will start to recover, boosting Marathon Petroleum’s finances. If this view is confirmed in the report and during the earnings call, the company’s stock will continue its current rebound.
Electronic Arts
Game stocks have proved to be coronavirus-proof investments as stay-at-home orders forced consumers to spend more time in front of their screens. As a result, Electronic Arts shares have gained almost 10% of market capitalization since the beginning of this year.
The company will provide its earnings results today after the market close. Analysts expect that Electronic Arts will report revenue of $1.2 billion and profit of $0.97 per share.
The market will likely focus on whether the current positive trend will continue in the post-lockdown world. While the stock has done well during the current crisis, it is still well below the all-time highs seen back in 2018, and it certainly has more room to recover if the market loves what it sees in the quarterly report.
