JP Morgan cuts Disney earnings estimates and warns other analysts may too

Investing

Traders work on the floor of the New York Stock Exchange (NYSE) on July 17, 2014 in New York City.

Spencer Platt | Getty Images News | Getty Images

With massive spending on the new streaming platform and the costly integration of Fox, Disney is putting its stock at a vulnerable place in the near-term, according to J.P. Morgan.

The firm slashed its fourth-quarter earnings estimates to 95 cents from $1.05 per share and its full year 2020 earnings estimates to $5.50 from $6.30 per share.

Articles You May Like

Stock markets are ignoring a ‘laundry list’ of risks, strategist says
Generation Z Offers Lessons About Saving For Retirement
Should We Worry About Public Worker Financial Anxiety?
Billionaire Tom Siebel faces tumult at C3.ai as investor lawsuit, short sellers question metrics
Very few U.S.-China flights are back despite the end of Covid

Leave a Reply

Your email address will not be published. Required fields are marked *