Disney stock falls: Sees softening demand in experiences segment
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Walt Disney (DIS) PT Lowered to $120 at BofA Securities
August 8, 2024 9:33 AM EDTBofA 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
Walt Disney (DIS) cut to neutral at Seaport
August 8, 2024 8:36 AM EDTSeaport Research downgraded Walt Disney (NYSE: DIS) to Neutral from its previous Buy rating, citing concerns over the outlook for the company's Parks and Direct-to-Consumer (DTC) segments following its latest earnings report.
In a note, Seaport highlighted that slowing performance in Disney's Parks division and less-than-expected profitability in the DTC segment are key factors driving the... More
Midday movers: Super Micro Computer, Airbnb and Lyft fall; Shopify rises
August 7, 2024 7:57 AM EDT(Updated - August 7, 2024 12:28 PM EDT)
Investing.com -- U.S. stock futures rose Wednesday, continuing to rebound after the tech-led rout at the start of the week.
Here are some of the biggest U.S. stock movers today:
Walt Disney (NYSE: DIS) stock fell 2.4% in volatile trading after the entertainment giant reported a drop in profits at its Experiences segment that includes parks and consumer products, which makes up just over... More
Walt Disney warns theme park revenue to fall, profit slips
August 7, 2024 6:52 AM EDTBy Dawn Chmielewski and Lisa Richwine
LOS ANGELES (Reuters) -Walt Disney predicted a 'moderation in demand' at its theme park business in coming quarters, overshadowing the success of the animated Pixar film "Inside Out 2" and the company's television business.
The company's stock was down 1.1% Wednesday as Disney warned operating income at the parks would be down 'mid single-digits' in the fiscal fourth quarter.
"We expect to see a flattish revenue number in Q4 coming out of the parks," Chief Financial Officer Hugh Johnston told investors, adding, "It's really just a few quarters. I don't... More
Walt Disney (DIS) Tops Q3 EPS by 19c, Beats on Revenue; Offers Guidance
August 7, 2024 6:51 AM EDTWalt 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
Futures rebound, Walt Disney, BOJ - what's moving markets
August 7, 2024 5:26 AM EDTInvesting.com -- Wall Street looks set to continue the rebound from Monday's sharp selloff, helped by the Bank of Japan ruling out further rate hikes during this period of turbulence. The global earnings season has continued, and the focus Wednesday is likely to be on numbers from entertainment giant Walt Disney .Â
1. Futures continue to rebound after rout
U.S. stock futures rose Wednesday, continuing the gains of the previous session after Wall Street snapped three days... More
Here's what to expect when Walt Disney reports
August 6, 2024 7:00 PM EDTAs Walt Disney (NYSE: DIS) prepares to report its latest quarterly earnings, analysts from UBS and Wells Fargo provide insights into what investors can anticipate.
Both firms highlight potential growth in various segments, including experiences, direct-to-consumer (DTC), and theatrical releases.
UBS notes that Disney shares have been under pressure due to guidance indicating stable Experiences EBIT, a return to DTC losses, and core subscriber declines.
Despite concerns about... More
Walt Disney (DIS) Raises Streaming Prices As Much As 25%, Adds Channels - Bloomberg
August 6, 2024 1:00 PM EDT(Updated - August 6, 2024 1:03 PM EDT)
Disney Raises Streaming Prices As Much As 25%, Adds Channels - Bloomberg
The lowest-cost offering, Disney+ with advertising, is climbing 25% to 9.99 a month.Disney+ without ads will increase 14% to $15.99, according to an announcement.... MoreWalt Disney (DIS) August 9 weekly option implied volatility into quarter results
August 6, 2024 10:28 AM EDTWalt Disney (NYSE: DIS) August 9 weekly calls option implied volatility is at 95, August is at 58; compared to its 52-week range of 18 to 46 into expected release of quarter results before the bell on August 7.
... MoreWalt Disney (DIS) August 9 weekly 88 straddle into quarter results
August 6, 2024 5:59 AM EDTWalt Disney (NYSE: DIS) August 9 weekly 88 straddle priced for a move of 8% into expected release of quarter results before the bell on August 7.
... More