![]() ![]() ![]() Most Searched Stocks Kotak Mahindra Bank. Analysts expect it to report a March-quarter net profit of $1.8 billion, almost double from a year ago. While Disney has also been hurt by pulling out of Russia because of the war in Ukraine, Thornton said the impact has already been well telegraphed to investors.Īnalysts on average expect Disney to report a 29% year over year jump in revenue to $20.1 billion when it provides its quarterly results on May 11, according to Refinitiv. "They'll feel it more than an emerging challenger," Thornton said. While competition is growing across the streaming industry, Truist analyst Matthew Thornton believes Netflix is the most vulnerable because it is the largest and most well-established. Peloton Interactive, Zoom Video Communications and Pinterest have all tumbled in recent months and are now down more than 60% over the past 12 months. Other companies that benefited during the pandemic have also given up more of their gains in recent months as consumers venture out of their homes and shift their spending habits. But both companies' PEs have since fallen in tandem, reflecting tougher competition as more streaming services entered the market and the increasing financial burden of producing top tier content to attract and keep customers. However, after peaking a year ago, Disney's stock has steadily lost ground and it is now trading at levels below when Disney+ was unveiled.ĭisney's venture into video streaming lifted its forward price/earnings valuation to levels similar to Netflix's in 2020, with Disney's PE briefly reaching as much as 72 at a time when Netflix was valued at 58 times earnings, according to Refinitiv data. Walt Disney's video steaming service pushed Disney's stock higher immediately after it was unveiled in 2019 and helped the theme park operator weather pandemic-related shutdowns. ![]()
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