Disney Stock Has a Lot to Prove This Week
Wall Street's loving Mickey Mouse these days. Shares of Walt Disney (NYSE: DIS) hit another all-time high on Monday. Investors won't have to wait long for the next big test after hitting a new high-water mark: Disney reports fresh financials shortly after Thursday's market close.
There's a lot riding on the fiscal first-quarter report, but if you're expecting strong top-line growth and buoyant profitability, you'll be disappointed. Everyone knows Disney isn't at its best right now. Revenue will go the wrong way. There's only a slim chance that the media giant is back in black on the bottom line, as shuttered attractions and rising costs to keep Disney+ booming will gnaw at modest positive net income elsewhere.
It's OK if the quarter itself proves challenging. Cheese-chasing investors have their eyes on the prize. Right now, the winning trophy has nothing to do with Disney's income statement, the closure of Disneyland, or an empty slate of near-term theatrical releases.
Source Fool.com
