DIS - Disney: Proxy Victory Leaves Questions Unanswered As Q2 Earnings Release Looms
2024-04-26 16:48:11 ET
Summary
- The Walt Disney Company's recovery plan is met with nostalgia and support from investors, but also raises questions about the company's future initiatives.
- The success of Disney's new content and revival of aging IP remains uncertain, as evidenced by the potential loss on "The Little Mermaid" film.
- The Q2 2024 earnings results may result in a small up or down movement in Disney's shares, but investors should focus on the company's hard-edged decisions rather than clichés.
Above: Mickey is 100 years old, but is his magic still magic?
DIS earnings release due in 12 days EPSE: $1.10-$1.19
Since the Bob Iger management’s proxy victory, a good chunk of the analyst community has given it something of a standing ovation. The rationale was essentially this: Now that the distraction of Nelson Peltz is gone, Iger and company can get back to uninterrupted execution of the recovery plan....
Disney: Proxy Victory Leaves Questions Unanswered As Q2 Earnings Release Looms