The Walt Disney Company (NYSE:DIS) is reporting fourth quarter financial results on Thursday 12th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, DIS is expected to report 4Q20 loss of $ 0.71 per share from revenue of $ 14195.20 million.
For the full year, analysts anticipate top line of $ 64836.50 million, while looking forward to income of $ 1.59 per share bottom line.
Previous Quarter Performance
The Walt Disney Company revealed income for the third quarter of $ 0.08 per share, from the revenue of $ 11,779.00 million. The quarterly earnings shrunk 94.07 percent while revenues reduced 41.82 percent compared with the same quarter last year.
Street analysts expected The Walt Disney Company to report loss of $ 0.64 per share on revenue of $ 12389.50 million for the third quarter. The bottom line results beat street analysts by $ 0.72 or 112.50 percent, at the same time, top line results fell short of analysts by $ 610.5 million or 4.93 percent.
Stock Performance
Shares of The Walt Disney Company traded low $ -4.26 or -3.00 percent on Wednesday, reaching $ 137.85 with volume of 8.68 million shares. The Walt Disney Company has traded high as $ 142.00 and has cracked $ 136.62 on the downward trend
The closing price of $ 137.85, representing a 79.73 % increase from the 52 week low of $ 79.07 and a 7.37 % decrease over the 52 week high of $ 153.41.
The company has a market capital of $ 249.10 billion and is part of the Consumer Cyclical sector and Media – Diversified industry.
Conference Call
The Walt Disney Company will be hosting a conference call at 4:30 PM eastern time on 12th November 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.thewaltdisneycompany.com
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The companys Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses. It also produces original live-action and animated television programming to first-run syndication and television markets; and subscription video-on-demand services and in home entertainment formats, as well as operates ESPN+, a direct-to-consumer streaming service providing multi-sports content.
