The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2024

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Walt Disney (DIS) PT Lowered to $120 at BofA Securities

August 8, 2024 9:33 AM EDT

BofA Securities analyst Jessica Ehrlich lowered the price target on Walt Disney (NYSE: DIS) to $120.00 (from $145.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating but lower our PO to $120 from (from $145 previously). Our new PO reflects... More

Disney stock falls: Sees softening demand in experiences segment

August 7, 2024 7:07 AM EDT

(Updated - August 7, 2024 9:56 AM EDT)

Walt Disney (NYSE: DIS) reported third-quarter earnings that surpassed analyst expectations, driven by strong performance in its Entertainment segment. However, shares fell more than 3% as the company warned of softening demand in its Experiences segment.

The stock was also pressured after it was reported that Disney and Comcast are still locked in a dispute... More

Walt Disney (DIS) Tops Q3 EPS by 19c, Beats on Revenue; Offers Guidance

August 7, 2024 6:51 AM EDT

Walt Disney (NYSE: DIS) reported Q3 EPS of $1.39, $0.19 better than the analyst estimate of $1.20. Revenue for the quarter came in at $23.2 billion versus the consensus estimate of $23.08 billion.

Guidance and Outlook:

As a result of our strong consolidated financial performance in the third quarter, and supported by our balanced portfolio of assets, our new full year adjusted EPS(1) growth target is now 30%.
We continue... More