Disney (DIS)

by | Nov 21, 2022 | Daily Trade Alerts

Disney (DIS) has been a disaster.

Over the last few weeks, the stock fell from about $125 to $91.80. For one, the company missed on earnings and guidance, as streaming losses widened. In fact, in its fourth quarter, the company posted $20.2 billion in sales, which missed expectations for $21.3 billion. Net income of $162 million was short of $788 million estimates. Even Disney Parks took a hit.

However, things may soon turn around the company. As of this weekend, Bob Iger is returning as CEO, with Bob Chapek stepping down. “The move comes less than five months after Disney’s board backed Chapek and extended his contract by three years, a vote of confidence that was apparently reconsidered. Chapek’s original contract would have expired this coming February,” says Barron’s. While it may not be easy, there’s hope Iger can get DIS back on track.


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