Company Of The Day: Disney
What?
Disney (NYSE:DIS) is planning companywide cost-cutting measures including potential layoffs, per a report in The Wall Street Journal.
Why?
Disney’s Q3 results were weak, with the streaming business reporting a $1.5 billion loss. Moreover, with economic headwinds mounting, Disney is looking better manage its costs.
So What?
However, we remain positive on Disney stock, with a $150 price estimate, which is about 50% ahead of the current market price.
See Our Complete Analysis For Disney
Returns | Nov 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
DIS Return | -12% | -39% | -10% |
S&P 500 Return | 2% | -17% | 77% |
Trefis Multi-Strategy Portfolio | 5% | -18% | 223% |
[1] Month-to-date and year-to-date as of 11/15/2022
[2] Cumulative total returns since the end of 2016