Earnings Watch: Disney, Electronic Arts, Activision Blizzard and Beyond Meat highlight busy afternoon of reports Tuesday
The new winners and losers of leisure time will be on full display Tuesday as Walt Disney Co. prepares to outline its issues in the real world while videogame makers detail how the pandemic is playing out in virtual realms.
More people may be streaming videos on Disney now that the COVID-19 outbreak has forced people to stay indoors, but that newfound digital success can’t make up for all the ways that Disney DIS,
It will take time before any of these Disney businesses return to normal, and the company faces big questions as tries to adapt its business to the new reality. Analysts wonder whether Disney plans to open all its parks and hotels right away, how the company will deal with staffing, and whether it willfurther postpone blockbuster film releasesin order to give them a better chance at box-office success.
Disney’s results will likely stand in contrast to those of videogame publishers Electronic Arts Inc. EA,
“We’d expect all game publishers to see a benefit from late-1Q and strong early-2Q trends, with outsized benefit to those with new games and/or strong live services ecosystems,” KeyBanc Capital Markets analyst Tyler Parker wrote.
Activision launched “Call of Duty: Warzone” in March to “immense success,” in Parker’s view. EA had a quieter quarter, but he’s upbeat around new “Sims” content and live services engagement for “FIFA” and “Madden.”
Business in the Age of COVID-19:Learn how the pandemic is affecting major companies’ finances
Even early COVID-19 winners face uncertainties about the future, though. Look for discussions of how the publishers are managing their pipelines as developers work on new titles remotely.
Tuesday brings a packed day of earnings with 43 members of the S&P 500 SPX,
• Pressures in the traditional meat supply chain might lead more people to try plant-based meats like those made by Beyond Meat Inc. BYND,
• The dating game has dramatically shifted now that people can’t leave their homes, and Match Group Inc. MTCH,
Online dating amid coronavirus:Longer conversations and a ‘pivot’ to video dates
• Theadvertising market is under pressure, but Wedbush analyst Ygal Arounian said Pinterest Inc. PINS,
• Other reports to watch include DuPont de Nemours Inc. DD,