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Today we are watching…
1.ย Disney (#disney)
Disney’s movie studio is working overtime and hopefully spinning off enough cash to soundly beat earnings estimates today. Investors are as excited as anyone about the company’s new streaming service, Disney+, and the box office hits are losing no momentum either. All the moving parts at Disney are coming together, so the market is curious to hear more about plans for next year when the content slate dies down. The Walt Disney Company has been set the challenge of beating $1.76 in profit per share on $21.7 billion in revenues.
2. Blue Apron (#blueapron)
Blue Apron investors have had a pretty torrid week, the stock losing more than 12% in the run-up to today’s earnings report. The US meal-kit service sends you ingredients and recipes, leaving you to do the rest. Itโs a neat idea, but strong competition means Blue Apron is struggling to retain customers. The company has its work cut out to convince fleeing investors to return, as things look increasingly bleak. Recently adding Beyond Meat’s cuisine to its meal-kits is not the radical new strategy that analysts demand, estimating an abysmal $1.08 loss per share today on $139 million in revenue.