DIS - BEARISH SCENARIODisney`s Q4 report released yesterday was a little nightmare for the investors. The company reported EPS of $0.30, $0.29 worse than the analyst estimates of $0.59. Revenue for the quarter came in at $20.15B versus the consensus estimate of $21.38B.
One of the reasons for the worse results is the additional spending to grow their streaming services.
Although Disney+, reported 164.2 million subscribers in the fiscal fourth quarter, surpassing the estimates of 161 million. The streaming unit lost $1.5 billion during the period.
The next two price targets are:
$92 support level
$82 support level
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