Bernstein analyst Todd Juenger estimated in a report published on Thursday what attendance levels the Walt Disney Co.'s U.S.
theme parks need to make their reopening worth it for the company. He also raised his stock price target from $96 to $105. After Disney's recent earnings report, Juenger estimated that the Hollywood conglomerate's theme parks would lose $1 billion in earnings before interest and tax per month while shut down due to the novel coronavirus pandemic.
On Thursday, he he returned to the topic with anestimate of parks' profitability when reopened at reduced capacity. "Very little is known about cost flexibility and variable contribution margins," Juenger explained.
Read more on hollywoodreporter.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.