Insider Buying: Calvin McDonald, Director at The Walt Disney Co (DIS), reportedly acquires shares. Disney gives updates on new 'Incredibles' film, 'Moana', and 'Avatar' while announcing a $5B investment in Europe. Despite recent market underperformances, steady trading and a positive earnings call featuring a Q3 EPS beating estimates by $0.19 drives optimism. Despite trimming target prices, Barclays to $105 and Bank of America to $120, analysts see potential
streaming profitability offsetting theme park weaknesses and some believed recent stock slump to be an overreaction.
Disney turns a profit on streaming as overall entertainment income soars, and recent launches including 'Avatar', 'Indiana Jones', 'Monsters, Inc', and 'Cars' attractions are seen as part of its resort push. But some investors are skeptical with the stock seeing a 51% decrease over the past three years. However, despite softening demand in experiences segment, the FY2024 adjusted EPS growth target has been boosted following FQ3 expectations being exceeded. Looking forward, price hikes and content curation expected to enhance
Disney's streaming business.
The Walt Disney Company DIS News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sun, 11 Aug 2024 15:04:32 GMT -
Rating 3
- Innovation 6
- Information 8
- Rumor 2
