Shares of the Walt Disney Co. are down more than 60 percent so far this year and aren’t expected to recover anytime soon as the company is likely to announce a “painful cycle” of earnings cuts in the months ahead that will make the stock look even more unattractive to investors, according to a new report.Disney shares have a “tough road ahead” and aren’t likely to rebound anytime soon.
Adding to the challenges is the likelihood Disney will have to adjust its earnings estimates down in the coming quarters to align with Wall Street’s expectations. “Another painful cycle of cuts to earnings forecasts appears to be in the cards for Disney’s fiscal 2023, meaning the shares will have to fall further or their price-to-earnings ratio will rise, making the stock look even more expensive,” Barron’s said.
Hopefully George Lucas buys back rights to Star Wars and we can get the woke bullshit out of the hands of Disney.
Would never spend another dime on that place.
Duh
Go woke go broke! No sympathy.
Go woke, go broke.
Sounds like 👍 👌
GOOD!! GO BANKRUPT! SHAME on Disney for embracing the Dark Side.
Hope they go bankrupt
Go woke, go broke.
Well maybe that's because ppl like me picked legoland over Disney this summer
Great news!
Better stop making cartoon porn then.
Good. I wouldn't care if they went out of business.
Go woke……go broke! No tears here.
The can sink into the earth as the sing biden's praises.
Good.
Can I say FUQDEM on twitter? Well, fuqdem. They can go out of business for all I care. They need to replace their management teams with business people who don't hate their customers
Go woke...
An ALT-RIGHT RAG Searching for relevance still? Anyone that gets their business news from you isn't really serious about business, facts, America, Democracy, etc.
Good
Go woke and go broke