Investors Are Mixed on Disney Stock. What Does Wall Street Think?
It hasn't been great to be a Walt Disney (NYSE: DIS) shareholder over the past few years. Disney stock has actually lost around 10% over the past five years. That's disappointing for a powerhouse company that owns tremendous sales-generating assets.
The stock has been up and down over the past few years as the company struggled with closed parks and now unprofitable streaming. Investors sent Disney's stock price down again after its second-quarter earnings report last week, but the report was more mixed than negative. Let's go through what investors saw, what they ignored, and how Wall Street is assessing the overall picture.
Disney operates several segments. Right now it has them condensed into two parts: parks and media. Disney reported four segments until the pandemic, when management restructured to account for the new streaming business. Newly returned CEO Bob Iger said he would change that again to give creators more control over their material, rather than have their work streamlined under management, but so far, it's still reporting under these two segments.
Source Fool.com
