Anticipated Disney Stock Evaluations Prior to Financial Report Release
Disney's up next! The media titan, Disney, is about to spill the beans on its fiscal second-quarter results, coming at you bright and early on Wednesday. The finance fam seems confident about the stock, with five out of seven analysts giving it a "buy" stamp, and the other two playing it cool with a "hold."
The average price target pushes Disney stock up by a whopping 30%, just shy of $120 (it was chilling at roughly $92 the day before). Analysts predict a revenue boost of 5%, bringing it to about $23.17 billion, but a minor dip in profit down to $1.20 per share. But that's not all, UBS analysts expect a smashing quarter, but they're eyeing recession risks that might jeopardize Disney's ad revenues and attendance for its experiences segments.
Last quarter, Disney delivered results that beat the estimations, but subscribers for Disney+ dipped slightly to 124.6 million and expected another "modest decline" for this quarter, with analysts predicting around 123.6 million subscribers by the end of the second quarter.
Caution reigns supreme among analysts due to economic uncertainties, but Disney's CEO, Bob Iger, remains optimistic, pointing to upcoming movies, a new ESPN direct-to-consumer offering, and expansion ventures like the partnership for a new theme park in Abu Dhabi.
A quick update: This article got a fresh coat of paint to reflect more recent analyst estimates and share values. So, fasten your seatbelts, Disney fans! We're aiming for a profitable ride ahead, but keep an eye out for those recession risks in the second half of the fiscal year.
- The consensus among analysts about Disney's stock is positive, with a majority giving it a "buy" recommendation and a few advising a "hold."
- UBS analysts have predicted a strong performance from Disney in its upcoming quarter, but they are also aware of the risks posed by potential recession.
- In 2025, the average price target for Disney stock suggests a substantial increase of about 30%, putting it at around $120 per share.
- Despite the economic uncertainties, Disney's CEO, Bob Iger, remains optimistic about the future, citing upcoming movies, a new ESPN direct-to-consumer offering, and partnerships like the new theme park in Abu Dhabi.
- Investors should be cautious about potential risks in the second half of Disney's fiscal year, especially considering the impact of recession on Disney's ad revenues and attendance for its experiences segments.
