The Walt Disney Company (NYSE:DIS) is going to report its second quarter earnings on Tuesday, after the Bell. The Walt Disney Company (NYSE:DIS) gained 1.2% to $86.37 on Monday following the opening weekend success of ‘Guardians of the Galaxy.’ In a program on CNBC, Barton Crockett, senior research analyst at FBR Capital Markets & Co., discussed the expectations from The Walt Disney Company (NYSE:DIS) and said that it is on a “great trajectory” and investors can expect great opportunities from Disney’s stock in the future.
“Well, I Think The Walt Disney Company (NYSE:DIS)’s earnings could be a little bit lower than consensus here, but I think that this is just really, kind of a tempest in a teapot. I think the bigger story in Disney is they are on a great trajectory, you know, I think they are spending this quarter on ramping up more sports in the US,, they have got a higher contract with the NFL, they have launched an NCC network, you know these things are paying dividends over time […],” said Crockett.
He added that The Walt Disney Company (NYSE:DIS) is emerging as a great content company and the great success of Frozen movie has given it an amazing third quarter push. He thinks that the extension approach adapted by Disney and development of theme parks in China and other countries will really pay back in the coming years.
The Walt Disney Company (NYSE:DIS) has experienced a continuous growth of per-guest spending at its theme parks, as well as broadcasts of the FIFA World Cup 2014.