Things continue to gradually return to normal over the course of Walt Disney (NYSE: DIS)… Disneyland California finally opened on the last day of April. Disney’s latest business to return – its growing fleet of cruise ships – is set to return to the high seas in a couple of months.
When it comes to House of Mouse, it’s never boring. Let’s take a look at some of the dates investors should be looking at in May.
We are a week away from what should be Disney’s fourth consecutive quarter of double-digit revenue decline. Analysts estimate that revenue from media stocks in the second fiscal quarter, which covers the first three calendar months of this year, will decline 12% from the same period last year. The projected earnings of $ 0.28 per share will be less than half of what was generated a year earlier.
The good news for investors is that things will get much better from now on. The COVID-19 crisis has already begun and comparisons will become much easier in the next four quarters. Investors will likely want to get in the habit of comparing Disney’s financial performance to two years ago to better understand how the recovery is progressing.
The even better part of the good news is that the market has overlooked Disney’s recent financial shortcomings. The success of Disney + is what catapulted the company’s stock to record highs this year. It’s probably fair to say that the market will place more emphasis on Disney + growth performance than actual quarterly results.
Disney returned to the US multiplex scene in March after a year-long hiatus during the pandemic. The next major release of the media giant will be Emma Stone in a helmet. Cruella, which is expected to be the highlight of the historic Memorial Day weekend.
A live movie featuring a classic villain. 101 dalmatians is Cruella’s origin story, only this time set in the 1970s London punk scene. This is not new to Disney. In 2014, Maleficent, the villainess from sleeping Beauty – in the film of the same name starring Angelina Jolie. Disney isn’t just trying to provide villains with a platform to tell their side of the story. Of Cobra Kai on Broadway Immoralthere is no shortage of entertainment in which the villains of the past are presented in a new light.
Cruella will also be the last Disney + movie to be offered premium on the same day it hits a multiplex near you. Families paying $ 29.99 will have access to the movie at home for several months before it becomes available to all Disney + subscribers.
The opening last week of the original Disneyland and nearby Disney California Adventure does not mean the world’s leading theme park operator is in full swing. Disneyland Paris is closed after a brief opening last year.
Disneyland Paris was originally slated to open in February, but travel restrictions in Europe and current COVID-19 conditions prevent it from working. Other countries are not very far along the path of vaccination and recovery. An update before the end of the month is optional, but it would be very interesting for those waiting to see all of the media fund’s closed rides again.
This article represents the opinion of an author who may disagree with the “official” position of the Motley Fool premium advisory service. We are colorful! Bidding on an investment thesis – even our own – helps us all to be critical about investing and make decisions that help us become smarter, happier, and richer.