Walt Disney Co (DIS)

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What to Expect From Walt Disney's Next Quarterly Earnings Report
By: Barchart | July 26, 2024

Based in Burbank, California, The Walt Disney Company DIS is a global entertainment powerhouse, pioneering advancements in film, television, and theme parks. With a market cap of $162.63 billion, Disney is renowned for its iconic portfolio that enhances entertainment experiences through innovative storytelling and state-of-the-art technology. The company is set to announce its fiscal Q3 earnings results before the market opens on Wednesday, Aug. 7.

Ahead of the event, analysts expect DIS to report a XLC 13.1% returns over the same time frame.

DIS stock plunged after its fiscal Q2 earnings report due to uncertainty about advertising revenue and the future of in-person movies. The company gave soft guidance for Q3.

The consensus opinion on DIS stock is bullish, with an overall “Strong Buy” rating. Out of 27 analysts covering the stock, 18 advise a “Strong Buy” rating, four suggest a “Moderate Buy” rating, and five recommend a “Hold.”

This configuration is more bullish than three months ago when the stock had an overall “Moderate Buy” rating. DIS' average analyst price target is $127.42, indicating a potential upside of 42.8% from the current levels.

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