Earnings Previews: Alibaba, Coeur Mining, Disney

Second-quarter revenue is forecast to rise by 17.5% to $220 million and increase by 7.8% year over year. Coeur is expected to post a loss per share of $0.05 in the second quarter, better than the first-quarter loss of $0.11 per share and flat year over year. For the full 2023 fiscal year, the per-share loss is forecast to come in at  $0.14, compared with a loss per share of $0.32 last year, and revenue is expected to increase by 14.9% to $902.3 million.

The stock trades at 23.7 times estimated 2024 EPS and 7.8 times estimated 2025 earnings of $0.35 per share. Its 52-week trading range is $2.59 to $4.55, and the company does not pay a dividend. Total shareholder return in the past year was negative 13.14%.

Disney

Over the past 12 months, Walt Disney Co. (NYSE: DIS) has seen its share price decline by more than 18%. Since Disney brought back CEO Rober Iger in mid-November, the stock price has fallen by nearly 11%. The stock jumped 34% in January but has been mostly sinking ever since. Iger has blamed disruption in the traditional TV business, which he says he underestimated, and a couple of box-office bombs. ESPN could be in for some ownership changes, Hulu will remain and ABC may go. Iger had better decide soon.

Analysts remain bullish on the stock. Of 31 brokerages covering the firm, 21 have a Buy or Strong Buy rating, while eight more rate it at Hold. At a share price of around $86.80, the upside potential based on a median price target of $114.50 is about 31.9%. At the high target of $147.00, the upside potential is 69.4%.

Third-quarter fiscal 2023 revenue is forecast at $22.54 billion, which would be up 3.3% sequentially and by 4.7% year over year. Adjusted EPS are pegged at $0.99, up 6.9% sequentially but down 9.2% year over year. For the fiscal year ending in September, analysts expect Disney to report EPS of $3.73, up 5.7%, on sales of $89.41 billion, up 8.1%.

Disney stock trades at 23.3 times expected 2023 earnings, 17.5 times estimated 2024 earnings of $4.97 per share and 14.6 times estimated 2025 earnings of $5.93 per share. The 52-week trading range is $84.07 to $126.48. Disney does not pay a dividend, and the total shareholder return for the past year was negative 18.57%.

Alibaba

Over the past 12 months, shares of Alibaba Group Holding Ltd. (NYSE: BABA) have added about 4.3%, thanks to a 16% jump in the past three months. The stock price is down more than 60% over the past three years, largely due to regulatory pressure from China’s government. The stock dropped again after China announced on Monday trade data that was worse than Wall Street expected. Both exports and imports came in lower, raising concerns that both the international and domestic markets are getting weaker.

Of 45 analysts covering the company, 41 have Buy or Strong Buy ratings. The other four rate the stock at Hold. At a share price of around $96.50, the upside potential based on a median price target of about $140.00 is 45.1%. At the high price target of around $182.00, the upside potential is 88.6%.

For Alibaba’s first quarter of fiscal 2024, analysts expect revenue of $31.2 billion, up 2.9% sequentially and 1.7% higher year over year. Adjusted EPS are expected to come in at $2.01, up 29%.0 sequentially and by 9.9% year over year. For the full fiscal year that ends in March, Alibaba is expected to report EPS of $8.46, up 6.5%, on sales of $131.63 billion, up 4.1%.

The shares trade at 11.4 times expected 2024 EPS, 10.3 times estimated 2025 earnings of $9.39 and 9.1 times estimated 2026 earnings of $10.58 per share. The 52-week trading range is $58.01 to $121.30. The company does not pay a dividend, and the total shareholder return for the past 12 months is 4.32%.

Originally published at 24/7 Wall St.

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