That's because despite lowering estimates and pushing DIS stock into the cellar of the Zacks Rank, many analysts were encouraged by several aspects of Disney's business, strong brands and growth prospects into a re-opening economy. Yet, DIS shares rallied strongly last week after their report on Thursday, holding on to gains from the big Nov 9 'Pfizer vaccine rally.' The company report and outlook caused analysts to further lower their estimates for the new fiscal year, with the Zacks EPS Consensus dropping from $2.95 to $2.73. Obviously the Studio Entertainment segment has been dealt a huge blow as well with movie studio operations and theater revenues still in shut-down mode. The most significant impact was at the Parks, Experiences and Products segment where, since March, theme parks and resorts have been closed or operating at significantly reduced capacity and cruise ship sailings have been suspended. On the top line, revenues decreased 23.1% from the year-ago quarter to $14.71 billion.Īll told for the September quarter, the coronavirus pandemic affected Disney’s segmental operating income by $3.1 billion. The Walt Disney empire reported an adjusted loss of 20 cents per share, beating the analyst consensus by a good amount, but far below year-ago EPS of $1.07.ĮPS for the year decreased to $2.02 from $5.76 in the prior year. Disney (DIS) reported their fourth quarter for FY20 last week and the recovery from COVID-19 impacts appears to have a ways to go.

Stock photo theater bacony