Despite concerns, forward-looking estimates suggest improved EPS and a 10% revenue boost this quarter
Earlier this year, CEO Bob Iger pledged to make Disney's broadcasting business profitable. In addition, while the company continues to struggle in television networks such as Disney Channel, ESPN, and ABC, Iger's efforts to find potential strategic investors for ESPN and the decision to buy the rest of Hulu's shares are likely to be the issues that will stand out in the statement to be made after the earnings report.
Considering these factors, investors might opt to hold off until Disney achieves consistent profitability in its broadcasting business and successfully steers its linear network segment back on track.Last month, the stock plummeted to $79, marking its lowest level since March 2020. There have been limited buying attempts from these lower price ranges, and the stock's future remains uncertain.
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