Earnings Season: (DIS) Disney Stock Price Awaits Earnings Announcements

Summary:

• Disney is expected to make their Q2 financial results announcement.
• Is Disney plus going to be the company's saviour this quarter?

Disney+ may be the companies saviour this quarter

Disney is due to make their Q2 earnings announcement after the market closes on Wednesday. Analysts remain positive that the Disney+ streaming service will bring economic flows into the company. The overall subscriber numbers are slowing in the wake of rising inflation.

Read Next: Don't Worry Coffee Lovers! The Price Of Coffee Futures Falling Amidst Current Market Conditions, Crude Oil (WTI) Recovers Slightly, Palladium Prices Show Steady Downward Price Trend | FXMAG.COM

Eyes are on the performance of the streaming service, parks, experience and consumer products business. The Wall Street earnings forecast are:

Revenue: $20.11 billion

Adjusted Earnings per share: $1.17

Disney+ subscribers: 4.5 billion expected.

✕

Disney Stock Price Chart

Read next: Despite The Year The Stock Market Has Seen, One Asset Has Succeeded: The US Dollar. 

Sources: finance.yahoo.com