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Wall Street analysts stick by Disney after earnings miss: 'We love it on any weakness'

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Wall Street analyst were disappointed in Disney's third quarter earnings report but remain positive in the company over the long-term.

"While Fox's F3Q earnings contribution came in below expectations, we remain confident in the long term opportunity to improve operating performance and leverage its IP to drive Disney's direct-to-consumer strategy," Morgan Stanley said.

Robert Iger, Chief Executive Officer of Disney, poses in "Star Wars: Galaxy's Edge" during a media preview event at Disneyland Park in Anaheim, California, May 29, 2019.may have reported a bit of a "messy" third quarter earnings report on Tuesday after the bell but Wall Street analysts still believe in the stock.and blamed the integration of Fox's entertainment assets, a theme parks drag, and streaming investments.

"There was nothing in these results that suggest that Disney's broader strategic pivot isn't on track. As such, we remain buyers," they said.

 

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