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?
- Disney Stock Has 2x Upside If It Rises To Pre-Inflation Shock Highs Of $202 Per Share
- Disney Stock Could Rise Over 2x If It Recovers To Pre-Inflation Shock Highs
- Will Slowing Streaming Growth Impact Disney’s Q3 Results?
- Disney Stock Could More Than Double If It Recovers To Pre-Inflation Shock Highs
- A Deep Dive Into Disney’s Streaming Operations After A Tough Q2
- What To Expect As Disney Reports Q2 Results?
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
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
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
Invest with Trefis Market Beating Portfolios