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Wall Street is bracing for the worst when Disney reports second-quarter results on Tuesday afternoon.
The Mouse House has taken a particularly hard hit during the pandemic with the majority of its business — theme parks, vacation resorts, movie production, cruises, live sporting events — being ground to a halt.
Wall Street analysts are anticipating a 45 percent year-over-year decline in Disney’s fiscal second-quarter per-share earnings, falling to 88 cents, on 19.4 percent revenue growth, to $17.81 billion.
“It’s clear that Disney sits at the center of the storm for COVID, whether we’re talking parks or studio and the impact on people visiting movie theaters to a knock-on effect or a recession and what that will stimulate for cord cutting,” said Bernstein Research analyst Mike Morton on a recent call with media.


