‘Disney: It Just Doesn’t Matter’

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For those financial analysts who enjoy building company models and updating them quarterly, “this is not our time,” laments Michael Nathanson, the Senior Analyst with respected Wall Street observation house MoffettNathanson.


Nathanson has used the phrase “It’s Complicated” to capture “the difficulty in unpacking” the quarterly drivers for The Walt Disney Co. 

Now, Nathanson says, “Those looking for clarity on FY 2020 earnings may not be comforted by Disney’s quarterly results until we get closer to the mid-way point of this fiscal year when many of these factors are known or, at least, extractable by trend analysis.”

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