Disney Shareholders, Buckle Up for a Bumpy Ride
The Walt Disney Company (NYSE: DIS) will release its March-quarter earnings today amid a huge amount of scrutiny. Disney is one of the most popular and beloved consumer brands in the world, but its vast entertainment empire is set to take a huge hit this quarter, and things will likely get much worse before they get better.
Shareholders should prepare themselves for some ugly numbers and even uglier projections. Still, with the stock down by about 33% from the all-time highs set back in 2019, at least some of the bad news is priced in. The question is, How much?
Source Fool.com
