Forecast Of The Day: Disney’s Theatrical Revenues
What?
Disney’s (NYSE:DIS) Theatrical revenues declined from $2 billion in FY’20 to under $1 billion in FY’21. Trefis expects the metric to recover to $1.9 billion in FY’22 and to $2.4 billion by FY’23.
Why?
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While theatrical sales declined in FY’20 and FY’21 due to the impact of Covid-19 and theater closures, we expect revenue to pick up from FY’22 onwards as Disney has more theatrical releases.
So What?
We think Disney stock is undervalued at current levels. We value DIS at $191 per share, about 35% ahead of the current market price.
See Our Complete Analysis For Disney
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| Returns | Mar 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| DIS Return | -7% | -10% | 33% |
| S&P 500 Return | 1% | -7% | 98% |
| Trefis MS Portfolio Return | 2% | -9% | 259% |
[1] Month-to-date and year-to-date as of 3/28/2022
[2] Cumulative total returns since the end of 2016
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