Disney Stock ( NYSE:DIS )
Wednesday, February 8th, after the market closes, Disney ( NYSE:DIS ) will report financial results for the first quarter .
The average analyst forecast is $23.29B in revenue and $0.79 in earnings per share (down 25.5% year-over-year).
There were no downward adjustments to EPS estimates during the last three months and 10 negative revisions. There have been 2 positive adjustments and 9 negative changes to revenue projections.
After Bob Chapek’s disastrous tenure as CEO of Disney’s House of Mouse came to a year in 2022, longtime executive Bob Iger returned to the helm. Iger has altered park policy and laid initiatives for 2023 to encourage workers to do more work in the office.
In contrast, activist investor Nelson Peltz has set his sights on Iger and his board. Disney stock has publicly stated its strong opposition to Peltz’s attempts.
In other news, the most recent edition of the company’s Avatar series is now one of the highest-grossing movies. We anticipate that the Avatar property and theme park attendance will be a huge benefit to Disney’s bottom line in the first quarter of this year.
With Disney’s media division still struggling financially due largely to ad slowdowns and linear subscriber reductions, the first quarter results will also be a test for Iger, who has returned with a mission to “establish the strategic path for renewed growth.”
Despite a strong performance from its theme parks segment, Disney’s streaming lo...
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