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What's Ahead Tuesday: Will Disney Report a Magical Quarter?

2/08/16 8:00 PM EST
In 'What's Ahead on Wall Street' for Tuesday Feb. 9, investors will get earnings from a few different sectors, like media and non-cyclical consumer goods. In the morning, we'll hear from Coca-Cola (KO), CVS Health (CVS) and Viacom (VIAB). Then after the markets close, we get results from Walt Disney (DIS) and Panera Bread (PNRA). Investors will be closely watching Disney when the media and entertainment giant reveals its latest financial results. Both the top and bottom line are expected to grow from a year ago. For the latest quarter, Wall Street is looking for earnings of $1.45 a share on revenue of a little under $15 billion. The company has seen enormous success with 'Star Wars: The Force Awakens' but investors are a bit concerned about subscriber losses, particularly at ESPN. TheStreet's Portfolio Analyst Scott Berman said, 'I think Disney is going to be a big one to watch because the stock is down about 25% over the last two months which is obviously a big drop. The big concern is really their cable business, so I think we're going to be looking for updates on that, and how their subscriber base in doing, and then we'll also be looking for details on their Shanghai park and how the construction of that is coming along and the timing of when that could be ready.' Turning to the economic calendar, we have the Redbook coming out at 8:55 a.m. Eastern. Then at 10 a.m., we'll get both the JOLTS report and wholesale trade. TheStreet's U-Jin Lee reports from Wall Street.
Stocks in this video: KOCVSVIABDISPNRA
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