Disney (DIS)-After-hours report on Wednesday, November 10
$Disney (DIS.US)$ Wall Street expects Disney to earn 44 cents per share on revenue of 16.22 billion U.S. dollars. In contrast, a loss of 20 cents per share in the same period last year, revenue of 14.71 billion US dollars.
Highlights: Disney's stock has lost its magic. Although the company has achieved great success thanks to the streaming media platform Disney+, the company’s stock price has fallen by 6% so far this year, lagging behind the 24% increase in the Standard & Poor’s 500 Index. At the same time, in the past six months and 30 days, the stock has fallen 8% and 2%, respectively. During this period, the Standard & Poor's 500 Index rose by 12% and 9%, respectively.
Although Disney+ has transformed the company into a direct-to-consumer (DTC) giant, especially in the fierce competition from established streaming platforms such as Netflix (NFLX) and Amazon Prime Video, Disney’s current valuation suggests that it It is a growth stock.
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