Walt Disney (DIS: NYSE) is due to report second quarter earnings on 7 May.  

Analysts expect the House of Mouse to deliver revenue of revenue to come in at $22.11 billion for the quarter and EPS (earnings per share) of $1.09.

Disney reported stronger-than-expected first quarter earnings back in February boosted by cost cutting and revenue from the entertainment giant’s theme parks.

Revenues for Disney Parks and Experiences were up 13% in the first quarter to $8.3 billion and segment operating income increased 11% to $2.4 billion.

The company is hoping a for a repeat performance as well as higher attendance and spending at its international parks and resorts in Shanghai and Hong Kong.

All eyes will also be on Disney’s streaming business which has been under pressure due to increased competition and price hikes. Over the previous quarter, the Disney+ subscriber base fell by 1.3 million.

With the latest set of earnings, Disney CEO Bob Iger is probably once and for all looking to silence activist investors like Nelson Peltz who failed to get a seat on the board of directors at the company's AGM in early April.

Peltz wanted to shake up Disney and prioritise cost cutting, making the streaming operations profitable, improving the quality of output from its film studios and finding a successor to Iger.

US UPDATES OVER THE NEXT 7 DAYS

QUARTERLY RESULTS

3 May: Hershey

6 May:  Vertex, Simon Property, Loews

7 May: Arista Networks, Electronic Arts, McKesson, Occidental, Walt Disney

8 May: Airbnb, Emerson, Fox Corp, News Corp, Uber Tech

9 May: Constellation Energy, Warner Bros Discovery

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