Trading Strategies For Disney Stock Heading Into Q3 Earnings
Portfolio Pulse from Melanie Schaffer
Walt Disney Company (NYSE:DIS) is expected to release its Q3 earnings report soon. In Q2, Disney reported adjusted earnings of 93 cents per share on revenue of $21.82 billion, beating revenue expectations. For Q3, analysts estimate earnings per share of 97 cents on revenues of $22.48 billion. Investors are keen to see if Disney+ subscriptions have increased and if the company's amusement park revenue has been affected by Florida Gov. Ron DeSantis' ongoing fight against the company. Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating on Disney and lowered the price target from $110 to $105.
August 09, 2023 | 7:11 pm
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Disney's Q3 earnings report is expected soon. The company beat revenue expectations in Q2 and analysts estimate earnings per share of 97 cents on revenues of $22.48 billion for Q3. The stock price may be affected by the report and the ongoing fight between the company and Florida Gov. Ron DeSantis.
Disney's stock price may be affected by the upcoming Q3 earnings report. The company beat revenue expectations in Q2, which could have a positive impact on investor sentiment. However, the ongoing fight between the company and Florida Gov. Ron DeSantis could negatively affect the company's amusement park revenue and, in turn, its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100