Disney Consensus Estimates Are Too High: Analyst Cites DTC Losses and Weak TV and Box Office Performance
Portfolio Pulse from Anusuya Lahiri
Needham analyst Laura Martin has reiterated a Hold rating on Walt Disney Co (NYSE:DIS), citing that consensus estimates for the company are too high due to losses in Direct-to-Consumer (DTC) and weak earnings from linear TV and box office. Martin lowered her 3Q FY23 estimates for DIS, expecting revenues of $14.7 billion, operating income of $3.2 billion, and adjusted EPS of $1.06. She also provided estimates for various segments of Disney's business, including Linear Networks, DTC, Content Sales/Licensing, and Disney Parks, Experiences, and Products.
June 30, 2023 | 5:57 pm
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Needham analyst Laura Martin has reiterated a Hold rating on Walt Disney Co (NYSE:DIS) and lowered her 3Q FY23 estimates for the company. This is due to losses in Direct-to-Consumer (DTC) and weak earnings from linear TV and box office.
The lowered estimates by the Needham analyst for Disney's 3Q FY23 could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term. The analyst's concerns about DTC losses and weak earnings from linear TV and box office are significant factors that could impact Disney's financial performance.
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