5 Stocks in Limelight After Releasing Their Quarterly Reports

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1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 112

Shares of The Walt Disney Company (NYSE:DIS) recently fell to their lowest level in more than a year after announcing disappointing financial results for its fiscal fourth quarter. The California-based entertainment giant reported adjusted earnings of 37 cents per share, missing the consensus forecast of 51 cents per share.

The Walt Disney Company (NYSE:DIS) had posted a loss of 20 cents per share for the comparable period of 2020. In addition, revenue for the quarter jumped 26 percent versus last year to $18.53 billion but came in below analysts’ average estimate of $18.79 billion

Disney+ paid subscribers stood at 118.1 million at the end of the quarter, compared to 73.7 million in the comparable period of 2020. During the earnings call, The Walt Disney Company (NYSE:DIS) reaffirmed its long-term growth target for Disney+ subscribers. It expects Disney+ subscribers to grow in the range of 230 – 260 million by 2024.

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Speaking on the results, CEO Bob Chapek said in a statement:

“This has been a very productive year for The Walt Disney Company, as we’ve made great strides in reopening our businesses while taking meaningful and innovative steps in Direct-to-Consumer and at our Parks, particularly with our popular new Disney Genie and Magic Key offerings.”

You can also take a peek at Yale University Stock Portfolio: Top 10 Picks and Top 10 Stock Picks of Brandon Osten’s Venator Capital Management.

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