Disney (DIS) Stock Analysis: Buy The Dip At $170?


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Disney (#DIS) reported FQ2 earnings and gave investors mixed emotions. The company reported GAAP EPS of $0.50 (beats by $0.44) and revenue of $15.61B (-13.3% Y/Y).


Revenue missed analyst expectations by $320M, but not too many are surprised because some parks are still closed and others are operating at less than full capacity. What analyst and investors were primarily watching were the Disney+ subscriber numbers, and those came in below consensus. Total paid subscribers totaled 103.6M and analyst wanted 109.3M. Shares of #Disney were recently trading at an all time high of $203 and have since dipped to $170 (-16.6%).


Should investors be buying the dip at $170 even if subscriber numbers aren't at expected levels?


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Thanks to the Disney site for the photo of CEO Bob Chapek: