Walt Disney Company (DIS) is scheduled to release earnings on February 5, 2019, after the market closes, and will hold a conference call at 4:30 PM ET on the same day. The stock currently trades at 111.75, which is 5.3% lower than the close following its last reported earnings, trading with a range of 100.35 to 120.20 since that time.
Expected Price Volatility
Currently, option traders are expecting a ± 2.9% move for this earnings, and during the previous earnings release, the stock experienced a +1.7% move. Over the last 12 quarters, the absolute average move has been ± 2.3%, with a minimum move of 0.0% and a maximum move of 4.0%. DIS has only experienced 3 larger-than-expected earnings moves in the last 12 quarters.
Earnings Price Pattern
Earnings Day Drift:For each of the last 5 quarters, DIS stock price has drifted down after the open, on average closing -1.4% lower over that time.
2 Weeks Before Earnings:For 5 of the last 6 quarters (83%), the stock price has gone up in the 2 weeks before earnings. Over that period, it has an average gain of +1.7%.
Earnings Option Strategies
MarketChameleon's option strategy analysis
shows that selling out-of-the-money calls the day before earnings had 92%
winning occurrences, for an average gain of +85.1%
. Additionally, selling at-the-money straddles resulted in 80%
winning occurrences, for an average return of +26.5%
Analysts are currently expecting DIS to report an earnings of $1.56 per share, compared to $1.89 for the same quarter last year. Revenue is expected to come in at $15.2 billion versus $15.4 billion for the previous year.
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