Forecasts

Disney will provide its quarterly earnings report today after the market close, and its shares will surely be active during the upcoming trading session. Analysts expect that Disney will report revenue of $17.5 billion and earnings of $0.90 per share. This time, the main focus will be on Disney’s plan to navigate through the current environment. While the world economies begin to lift virus containment measures, it is not clear when and how the entertainment venues like Disney parks will open. The coronavirus pandemic dealt a material blow to Disney’s business, and it’s hard to estimate the timing of its recovery. That’s why the company’s stock did not rebound as fast as other leading companies’ shares and is still down about 30% year-to-date. The report and the subsequent ear...