Disney Stock Awaits 'Doomsday' Boost Amid Streaming Woes

Walt Disney's stock has been under pressure lately, but analysts believe that 'Doomsday' might be on its way to boost the company's share price. The latest Disney Q3 earnings estimates suggest a revenue of $25.40 billion, up from last year's third quarter, and quarterly earnings per share of $1.86.

Analysts have been lowering their price targets for Disney stock, with Wells Fargo analyst Steven Cahall suggesting that exiting the streaming business could boost the company's share price by 40%. This would allow Disney to refocus on its strengths in licensing and content creation.

Cahall estimates that Disney could earn around $4 billion annually from global licensing rights alone, along with $15 billion or more for the company’s content library. This would be a better cash generator than the direct-to-consumer business, according to the analyst.