Earnings Season: (DIS) Disney Stock Price Awaits Earnings Announcements

Earnings Season: (DIS) Disney Stock Price Awaits Earnings Announcements

Summary:

  • Disney is expected to make their Q2 financial results announcement.
  • Is Disney plus going to be the company's saviour this quarter?

Disney+ may be the companies saviour this quarter

Disney is due to make their Q2 earnings announcement after the market closes on Wednesday. Analysts remain positive that the Disney+ streaming service will bring economic flows into the company. The overall subscriber numbers are slowing in the wake of rising inflation.

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Eyes are on the performance of the streaming service, parks, experience and consumer products business. The Wall Street earnings forecast are:

Revenue: $20.11 billion

Adjusted Earnings per share: $1.17

Disney+ subscribers: 4.5 billion expected.

(DIS) Disney Stock Prices Await Earnings Announcements - 1

Disney Stock Price Chart

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Sources: finance.yahoo.com

Rebecca Duthie

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance.