Disney reports earnings Tuesday. Here’s what Wall Street is watching

[Pelican Press 0]

Disney reports earnings Tuesday. Here’s what Wall Street is watching

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. He forecasts an additional 4 million subscribers each year. “We believe the market is returning to the 2005-2015 valuation paradigm for Disney where the company deserves to trade at a modest premium to the market given that terminal value concerns have dissipated with the creation of a credible streaming business and EPS is again becoming more relevant as DTC approaches breakeven,” wrote Evercore ISI analyst Vijay Jayant in a note last month. Bank of America’s Ehrlich echoed similar sentiment, saying in an April note that Disney looks poised to top $7.5 billion in cost savings. The firm ******** confident that the DTC business can attain profitability by the fourth quarter, prompting the analyst to hike her price target to $145 — or nearly 28% upside from Friday — and retain a buy rating.

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Walt Disney Co,Stock markets,Investment strategy,business news
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