Disney Stock Is a Week Away From Leaving an Awful Fiscal 2020 Behind
This has been a brutal year on many fronts, but when it comes to Walt Disney (NYSE: DIS), there's finally a light at the end of the fiscal 2020 tunnel. The media giant's fiscal year ends next week, and come early November, Disney will announce its results for the fiscal fourth quarter.
The report itself won't be pretty but should offer improvement over the vicious 42% decline in revenue that it posted last month for its fiscal third quarter. After all, the current quarter is the period when Disney World reopened, sports programming returned to ESPN, and movie theaters across the country started firing up their projectors again.
However, reality has been uninspiring on all fronts, so it's not a surprise to see analysts and investors taking a more cautious stance on how long the turnaround will actually take to happen. The current quarter will be problematic, too -- and fiscal 2021 can't start soon enough for Disney.
Source Fool.com
