DealBook Briefing: Can Disney’s Earnings Help Alleviate Investor Concerns? [The New York Times]
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Source: The New York Times
Though Disney is not a high growth company, its results offer insight into the strength of consumer spending. As a result, if the company reports earnings that are below the forecasts of Wall Street analysts, it may add to the unease among investors.. The numbers to watch: Analysts expect Disney to earn $1.61 per share, and take in $15.44 billion in revenue in the quarter, according to data from Bloomberg. Of course, a lot more companies are going to have to report strong earnings to convince investors to jump back into the stock market. One of the reasons that stocks rallied in recent months is that analysts are expecting a 20-percent plus jump in profits in 2018, an eye-popping rise. The more large companies that hit their numbers in this earnings season, the more likely the stock market will find a floor. — Peter Eavis Markets bounce around in early trading The sometimes-panicky global market selloff dissipated Tuesday morning, as the Standard
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