MoffettNathanson says theme parks could be impacted not just by the current closures but a residual downturn in discretionary spending brought on by a recession, which might not be felt right away. The firm acknowledges that Disney will get a pass from investors this year, and perhaps even next year, but looking further down the road, to 2022, the analysts say Disney’s “risk-reward is just not that compelling.” … [Read more...] about Disney downgraded in a grim appraisal of its coronavirus pain and future prospects
Revenue: $18.01 billion ($17.80 billion expected) Earnings: $0.60 per share ($0.89 expected) COVID-19 estimated revenue loss: $1 billion for Disney’s Parks, Experiences and Products segment, “as much as $1.4 billion” in total. Disney Plus subscribers: 54 million Disney’s stock price closed down by about 2% today. In after-hours trading it slipped again, by 1.5%. … [Read more...] about How is Disney going to imagineer itself out of this one?