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World’s Largest Media Company Set to Release Q4 Results Thursday

June 20, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is keeping an eye on Disney (DIS) on Thursday when the entertainment giant releases its fourth quarter earnings results after the market close. Analysts polled by Reuters are expecting the company to post earnings of $1.14 a share on $13.55 billion in revenue for the quarter. Cramer says, ‘we’ve got Star Wars, we’re right on the eve of that. We’ve got Shanghai Disney, the Chinese consumer coming back. My problem is this: the stock is now up 20 straight points and I don’t know whether that can be topped. The stock had peaked at around 121. Can Bob Iger continue the momentum? My take is this: if you haven’t bought it yet, [you] might as well wait. If it comes down, that could be the opportunity but you can’t own this for day-to-day, you’re owning it for the next 5, 10 years.’

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