Walt Disney shares have been left out of this year’s rally, with the stock down 3% since the end of December.
READ MORE Investors will get fresh data on the status of the turnaround when Disney reports financial results for its fiscal fourth quarter after the close of trading on Wednesday. For the period ended in September, the Wall Street consensus, as tracked by FactSet, calls for Disney to post sales of $21.4 billion, up 6% from a year ago, with profits of 71 cents a share.
For fiscal 2024, Nathanson sees overall growth of 4%, including 6% growth in experiences, and 3% growth in each of the other two units. Nathanson has a price target of $115 for Disney stock, some 35% above Tuesday’s close of $84.59.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney earnings: What to expect when the Magic Kingdom reportsJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »
Rivian Reports Earnings Today. What to Expect.Wall Street is looking for a per-share loss of $1.31 from sales of $1.3 billion, according to Bloomberg. Rivian reported a $1.08 loss from sales of $1.1...
Source: MarketWatch - 🏆 3. / 97 Read more »
Lucid Reports Earnings Today. What to Expect.Wall Street projects a per share loss of 40 cents from sales of about $178 million, according to Bloomberg. Lucid reported a 40 cent loss from sales of $151...
Source: MarketWatch - 🏆 3. / 97 Read more »
AMC Reports Earnings Today. What to Expect.The largest movie theater operator is expected to report a loss of 10 cents a share on sales of $1.26 billion.
Source: MarketWatch - 🏆 3. / 97 Read more »
Cramer calls out Disney's 'great hire' ahead of a key earnings reportThe Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.
Source: CNBC - 🏆 12. / 72 Read more »
One options trader is making a big bet Disney will pop 10% on earnings this weekWith Disney trading around $85 a share, apparently someone is willing to bet the stock could pop well over 10% post-earnings.
Source: CNBC - 🏆 12. / 72 Read more »