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.

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