From Nasdaq, Inc.:

Disney’s stock has performed below expectations, dropping 11% in the past year. Despite positive results from its streaming platform Disney+, the company is struggling with weak profit margins and operational losses. Disney remains optimistic, forecasting its fiscal 2024 free cash flow to surpass pre-pandemic levels at over $6.75 billion, which has led to a 7% increase in its shares. The company is set to report first-quarter fiscal 2024 earnings results after Wednesday’s closing bell, with earnings expected to hit $1.04 per share. Disney’s long-term growth strategy and efforts to sell off TV and cable assets will be important factors for investors. These struggles have resulted in the company pursuing aggressive cost-cutting measures to address operational challenges while managing an abundance of debt. Disney’s stock is trading at ten-year lows, representing a potential opportunity for investors who are still enthusiastic about the Disney magic.



Read more: Walt Disney (DIS) Q1 2024 Earnings: What to Expect