Disneys price prediction after earnings
8/5/2024 00:52am
**The Walt Disney Company (DIS) is forecast to grow earnings and revenue by 33% and 4.7% per annum respectively.** Here's a detailed analysis based on recent financial data and market forecasts:
1. **Recent Earnings Performance**:
- Disney reported a net income of $216 million and a basic EPS of -$0.01 for the quarter ending June 30, 2024.
- The company's revenue growth rate for the same period was 1.23%.
2. **Estimate EPS and Revenue**:
- Analysts estimate a higher EPS of $1.19 for the quarter ending September 30, 2024.
- The estimated revenue for the same period is $23.04 billion.
|Ticker|Name|Estimate Revenue|Estimate EPS|Date|code|market_code|
|---|---|---|---|---|---|---|
|DIS.N|The Walt Disney|2.304E10|1.19|20240930|DIS|169|
3. **Earnings Forecast**:
- The upcoming earnings date is scheduled for August 7, 2024, and the consensus EPS forecast is $1.2.
- Analysts have a strong buy consensus on Disney stock.
4. **Stock Price Forecast**:
- Analysts have set an average 12-month price target of $126.67, with a high estimate of $145 and a low estimate of $93.
- The average target predicts an increase of 41.42% from the current stock price of $89.57.
5. **Future Growth Projections**:
- Walt Disney is forecast to grow earnings by 33% and revenue by 4.7% per annum.
- The company's EPS is expected to grow by 32% per annum.
6. **Market Sentiment and Analyst Ratings**:
- The stock has a strong buy consensus from analysts, with an average target price of $127.64, indicating a 42.50% upside.
- The highest price target among analysts is $145, while the lowest is $100.
7. **Conclusion and Price Prediction**:
- Given the positive earnings estimates, strong buy consensus, and significant projected growth, Disney's stock is expected to perform well after earnings.
- The average price target suggests a strong bullish outlook, with potential for a significant increase in the stock price.
|Ticker|Name|Estimate Revenue|Estimate EPS|Date|code|market_code|
|---|---|---|---|---|---|---|
|DIS.N|The Walt Disney|2.304E10|1.19|20240930|DIS|169|