Disney (DIS) stock slides ahead of fourth-quarter earnings report

November 08, 2023 10:14 AM PST | By Invezz
Follow us on Google News:

Disney (NYSE: DIS) stock is under the spotlight as investors brace for the entertainment giant’s fourth-quarter earnings report.

DIS stock, which closed at $84.59 in the previous session, experienced a slight dip of 0.43%, trading at $84.23 as of November 8, 2023, 12:42:45 UTC-5.

Disney (DIS) stock turbulent journey

Disney’s stock has been on a turbulent journey, navigating a challenging landscape since March 2021.

Though the stock had brief periods of upward movement earlier in the year, the overall trend remained on a downward trajectory, hitting a low of $79 in October. The year range for Disney’s stock reveals the full extent of its fluctuations, with a low of $78.73 and a high of $118.18.

Today’s DIS price movement reflects a nearly 10% drop since the beginning of the year, with the day’s range oscillating between $83.95 and $84.92.

This variability underscores the challenges the company has faced in the dynamic entertainment industry.

Disney’s fourth-quarter earnings report

Disney shareholders and analysts are closely awaiting the fourth-quarter earnings report, which is expected to shed light on the company’s financial performance and strategic outlook.

Analysts’ estimates suggest that the company may report earnings per share (EPS) of around 70 cents, with revenue expected to reach $21.33 billion.

While there is some apprehension regarding Disney’s performance in its broadcasting business, including issues with certain television networks, there are more optimistic estimates for the near future.

Projections indicate that Disney’s EPS could increase to approximately $1 by the end of the year, with revenue expectations for the current quarter set at $24.2 billion, reflecting a 10% increase.

The company’s robust performance in international theme parks is cited as a contributing factor to these improved revenue expectations.

In the highly competitive digital realm, the focus will remain on Disney’s ability to address subscriber losses following recent price increases and navigate the challenges of the industry. The company’s stock performance, post-earnings report statements and investor sentiment will influence its direction, making it a key player to watch in the world of entertainment stocks.

The post Disney (DIS) stock slides ahead of fourth-quarter earnings report appeared first on Invezz


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

Top Listed Companies