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Disney's 2019 Outlook

Video Credit: The Street - Duration: 03:12s - Published < > Embed
Disney's 2019 Outlook

Disney's 2019 Outlook

Walt Disney Co.

Is expected to report quarterly earnings of $1.58 a share on sales of $14.5 billion after the market closes today, based on a FactSet survey of 23 analysts.

One thing investors will want to watch out for is how much Disney plans to spend on content with the release of their Direct-to-Consumer streaming service Disney+ in November, which will be competing with Netflix and Amazon's Prime Video.

RELATED: Sinclair Soars on Disney Sports Network Deal Zev Fima, Research Analyst at ActionAlertsPLUS, breaks down how the content spend could affect Disney's stock in the second half of 2019.

He also takes a look at the catalysts which lie ahead for Disney and the macroeconomic factors that could affect the stock.

Disney's price target was raised by analysts at BMO ahead of this week's earnings report based on the company's strong position to make gains in content streaming.

UBS also raised its price target.

Walt Disney is a holding in Jim Cramer's Action Alerts portfolio.

Want to be alerted before Jim Cramer buys or sells DIS?

Learn more now Disney is also one of the stocks Real Money's Doug Kass is watching closely.

To find out more about how Kass is playing the stock, please click here.

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