Here Is What Jim Cramer Expects From Disney's Earnings
Jim Cramer is keeping an eye on quarterly results from Disney on Thursday.
TheStreet's Action Alerts PLUS Portfolio manager Jim Cramer is keeping an eye on quarterly results from Disney (DIS) - Get Report , released on Thursday after the markets close. "Disney is hostage to ESPN," Cramer says. "I've been waiting for the exquisite moment where ESPN drops off and Disney doesn't go down - until I see that moment, I only recommend Disney for the longer-term." ESPN's subscribers have been declining amid the rise of cord cutting. Analysts expect Disney to report earnings of $1.16 a share on sales of $13.5 billion.
