As The Walt Disney Co. gets closer to announcing earnings on Wednesday and holding Bob Iger’s first call with analysts since his return to the company, predictions about what will transpire are heating up. Evercore ISI media analyst Vijay Jayant is expecting Disney to beat consensus expectations with its first-quarter numbers. More importantly, Jayant is predicting Iger will come through on the cost cuts Wall Street and investors are looking for.
Before the start of the first day of trading for Warner Bros. Discovery, analyst Vijay Jayant of Evercore ISI is calling the stock “undervalued” and labelling the company as “the first direct-to-consumer free cash flow machine.” WBD, the company’s stock ticker symbol, was created after Discovery’s acquisition of WarnerMedia closed Friday.
Sinclair Broadcast Group is off 7.2% following a cut to In-Line at Evercore ISI, from Outperform. That follows news that the regional sports networks Disney acquired from Fox (and which are headed to Sinclair in a $9.6 billion deal) went dark on Dish Network and Sling TV.
