Trading The Mouse House: Previewing Disney's Earnings (DIS, VIA-B, NWSA)

Walt Disney Co. DIS is set to report earnings tonight after the bell. Wall Street analysts are looking for earnings of 56 cents per share, up 9 cents per share from last year. Revenue is expected to rise to $10.52 billion for this quarter, up from $9.74 billion last year. At last check, shares of Texas Instruments were up 26 cents to $41.20, a gain of 0.65%. The stock is trading at 14.6 times 2011 earnings, and has a 1.44 price to earnings growth (PEG) ratio. It also sports a 1% dividend yield. The $78 billion market cap company is known for its powerful content, such as its ESPN properties, feature films, and Disney characters, such as Mickey Mouse. If Walt Disney reports better than expected earnings, names like Viacom VIA and News Corp. NWSA could see a boost, given these companies compete in the same market space as Disney. The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company’s Media Networks segment includes domestic broadcast television network, television production and distribution operations, domestic television stations, cable networks, domestic broadcast radio networks and stations, and publishing and digital operations.