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.
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.
Disney Stock Price Chart
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Sources: finance.yahoo.com