NEW YORK (TheStreet) -- Shares of Walt Disney (DIS) were higher in early afternoon trading on Monday, despite Nielsen reporting last week that the company's ESPN unit lost 621,000 subscribers in October. In addition, Disney will report 2016 fourth quarter results after Thursday's market close.
A number of investors are concerned about the "slowdown" on ESPN, noted CNBC's Scott Wapner on this afternoon's "Halftime Report."
Ritholtz Wealth Management CEO Josh Brown told Wapner that he "genuinely" hopes that Disney produces quarterly results that are "somewhat disappointing."
This way, we will see a negative reaction in the stock and investors can "pull the trigger" and "get long again," he explained.
Disney has the content, it just hasn't perfected its distribution, Brown said. "Disney has been solving distribution questions since the 1930s. They will get this moment right. I don't know if it's this quarter or next quarter, but it doesn't matter."
For the 2016 fourth quarter, analysts surveyed by FactSet are expecting Disney to report earnings of $1.16 per share on $13.53 billion in revenue. For the same quarter last year, Disney reported earnings of $1.20 per share on revenue of $13.52 billion.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings team rates Disney as a Buy with a ratings score of B. This is driven by a number of strengths, which the team believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks the team covers.