Forecast Of The Day: Disney Consumer Products Revenue
What?
Disney (NYSE:DIS) Consumer Products Revenue declined from around $4.63 billion in 2019 to $4.26 billion in 2020. Trefis expects the metric to recover to over $4.5 billion in 2022.
Why?
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While sales were hurt by the Covid-19 pandemic in 2019, we expect longer-term growth to be driven by higher revenue from the Shanghai store and higher sales of Star Wars merchandise.
So What?
Overall, we still think that Disney stock is undervalued. We value DIS at $205 per share, about 17% ahead of the current market price.
See Our Complete Analysis For Disney
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