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Disney ETFs in Focus Post Q3 Earnings
ZACKS· 2024-08-09 20:10
On Aug 8, the Walt Disney Company (DIS) reported third-quarter fiscal 2024 adjusted earnings of $1.39 per share, which beat the Zacks Consensus Estimate by 15.8% and increased 35% year over year. Revenues rose 3.7% year over year to $23.15 billion and beat the consensus mark by 1.3%.Disney's Segment BreakdownMedia and Entertainment Distribution revenues, which constitute about 45.7% of revenues, increased 4.5% year over year to $10.58 billion. Segmental operating income increase by 194.36% year over year, r ...
1 Undervalued Growth Stock You Can Buy Now in August
The Motley Fool· 2024-08-09 11:56
The House of Mouse is returning to form at the box office.Fool.com contributor Parkev Tatevosian explains why Disney (DIS) is one of his top stocks to buy right now. *Stock prices used were the afternoon prices of Aug. 6, 2024. The video was published on Aug. 8, 2024. ...
Disney Stock: Bull vs. Bear
The Motley Fool· 2024-08-09 07:30
This leading media and entertainment enterprise has valid arguments on both sides of the aisle.Earnings season is in full swing, and one of the most highly anticipated financial updates came from Walt Disney (DIS). The business reported revenue and adjusted earnings per share that came in ahead of expectations, but shares are down about 4% as of this writing, on the day of the announcement.That weakness continues an ongoing slump for the beaten-down media and entertainment stock, which trades a gut-wrenchin ...
Disney's Slump Is An Overreaction
Seeking Alpha· 2024-08-08 22:02
JHVEPhotoContrary to the hopes and dreams of its shareholders, The Walt Disney Company (NYSE:DIS) saw its shares decline by 4.5% on August 7th. This came after the company announced financial results for the third quarter of its 2024 fiscal year. Prior to earnings, I had written my own preview of what investors should expect. Revenue and earnings per share came in higher than analysts anticipated. Cash flows are growing nicely and management is buying back a great deal of stock. However, fears regarding ...
3 Streaming Service Stocks to Sell in August Before They Crash & Burn
Investor Place· 2024-08-08 18:25
While streaming remains the future of the entertainment industry, it has become difficult to make a go of the business. The hype that surrounded streaming during the pandemic when everyone was locked down at home has subsided. In its place has come a sea of red ink for most streaming companies as market saturation and overspending on content development set in.Consequently, the stocks of most streaming companies have fallen sharply since peaking in late 2021 just as Covid-19 vaccines became widely available ...
Here's How to Play Disney (DIS) Post Q3 Streaming Profitability
ZACKS· 2024-08-08 15:51
Disney (DIS) achieved a major milestone in its pivot toward the streaming era. The company’s streaming services segment turned profitable for the first time in the third quarter of fiscal 2024, ahead of its prior expectations of achieving profitability in the fourth quarter. This is a significant development that has sent shockwaves through the media industry and has investors questioning whether now is the time to buy Disney's stock. (Read More: Disney Q3 Earnings Beat Estimates, Revenues Rise Y/Y)Disney's ...
Hey, Disney Shareholders, Start Falling in Love With Sequels
The Motley Fool· 2024-08-08 11:47
Many fans want original films, but there's big money to be made in going back to the well.There are a lot of takeaways from Walt Disney's (DIS -4.46%) generally upbeat -- but poorly received -- fiscal third-quarter report on Wednesday morning. I'll just focus on one thin slice of the media giant's business: Disney's penchant for sequels. More specifically, I want to zero in on a piece that enthusiasts tend to shake their heads at, although it's something that should excite shareholders.Disney has now put ou ...
Cramer looks at Disney's post-earnings stock move to explain Wall Street dynamics
CNBC· 2024-08-07 22:49
As the major averages declined Wednesday, failing to recover fully from the brutal early week sell-off, CNBC's Jim Cramer explained the current dynamics and attitudes at play on Wall Street. He used Disney's post-earnings stock performance to explain how investors want rate cuts but are also concerned by a lack of consumer spending."You can't hope for rate cuts from the Federal Reserve and also expect zero weakness in any part of the economy that impacts your portfolio," he said. "Wall Street wants to have ...
Disney: Back To Growth With A Big Streaming Improvement To Help
Seeking Alpha· 2024-08-07 20:48
JHVEPhoto The Walt Disney Company (NYSE:DIS) reported its fiscal third quarter earnings with the surprise announcement that the combined streaming business is now profitable. Disney Streaming Business Results Second Quarter 2024 (Disney Executive Commentary Second Quarter August 2024) The overall profit improvement in this one area of the business is so large that it is worth pointing out before we talk about anything else. Obviously, both the quarterly improvement and the year-to-date improvement pla ...
Disney Stock Limps To 9-Month Low As Yearslong Rut Continues
Forbes· 2024-08-07 19:24
Core Viewpoint - Disney's stock experienced a significant decline after the company reported concerns regarding weakening demand in its parks division, despite exceeding quarterly profit and revenue expectations [1][2]. Group 1: Stock Performance - Disney shares fell nearly 4% to just above $86, marking the lowest intraday level since November 8, 2023 [2]. - The stock's current price of $86.31 is nearly the same as it was 10 years ago, while the S&P 500 has increased by over 170% during the same period [5]. - Since CEO Bob Iger's return in November 2022, Disney shares have returned -5%, contrasting with the S&P's 36% positive return [5]. Group 2: Earnings and Market Reaction - Disney's earnings release indicated a "demand moderation" in its Experiences unit, which includes theme parks and contributed approximately 52% to the company's global operating profit last quarter [2]. - CEO Bob Iger noted that lower-income consumers are experiencing stress, leading to tighter discretionary spending [2]. - Despite the negative market reaction, some analysts maintained a positive outlook on Disney's results, suggesting that the emotional response may not reflect the underlying performance [4]. Group 3: Analyst Perspectives - Analysts tracked by FactSet have an average price target of $122 for Disney stock, indicating a potential upside of about 40% from its current price [6]. - Rosenblatt analyst Barton Crockett lowered his price target from $129 to $122 but still holds a buy rating, citing Disney's "meaningful asset value" [6]. - Disney's price-to-earnings ratio (P/E) of 16.3 is approximately 35% lower than it was in April, reflecting decreased market confidence in the company's growth potential [6][7].