Things Expected To Look Up at Walt Disney Company’s Quarterly Earnings Call
Industry insiders are expecting the Walt Disney Company to show an increase in year-over-year growth of over 112%. Shares are expected to be at $0.68 per share which is up from $0.32 last year.
This would mean post revenue grown of over 30% to $21.5 billion. This bodes well for the company’s ability to bounce back as the Walt Disney Company has beaten earnings estimates almost each quarter during the last two years.
Shejal Ajmera, Head of Research at Crispidea had this to say about the company’s forecast, “From our last report, the stock price has declined by 20% to $140.03 from $175.48 in Oct’21. The decline in the most recent quarter was due to higher market expectations for subscribers, which did not pan out for the company in the most recent quarter, as the company ended the fourth quarter and fiscal year with over 118mn global paid Disney+ subscribers, reflecting over 2mn net additions from Q3FY21.”
One of the recent successes of the company has been the popularity of their streaming network Disney+ which shows no signs of slowing. Disney is expected to have between 230-260 million subscribers to Disney+ by 2024 which will certainly help bolster investor trust in the company.
This morning, Disney stock traded at 0.73% higher at $142.02. However all in 2022 the stock is down 8% after falling more than 14% last year.
As a recent piece in FX Empire tells us, 21 analysts offered stock ratings for Disney in the last three months. They were pretty unified in forecasting an average price of $194.05 for stocks over the next 12 months.
For those interested in tuning in to the next investors call, the company will be discussing first quarter 2022 results via live webcast beginning at 4:30pm EST on Wednesday, February 9, 2022.
To listen to the webcast, please visit www.disney.com/investors. The webcast presentation will also be archived and we’ll report on the highlights here at MickeyBlog so be sure to keep following along!
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Source: FX Empire