Trading Strategies For Disney Stock Before And After Q4 Earnings
Portfolio Pulse from Melanie Schaffer
Walt Disney Company (NYSE:DIS) is set to release its Q4 financial results. The stock was trading mostly flat ahead of the announcement. In Q3, Disney reported adjusted EPS of $1.03 on revenue of $22.33 billion, beating the EPS estimate but missing the revenue estimate. For Q4, analysts estimate earnings per share of 68 cents on revenues of $20.13 billion. JPMorgan analyst Philip Cusick maintained an Overweight rating on Disney and lowered the price target from $125 to $120. From a technical analysis perspective, Disney’s stock looks bullish.
November 08, 2023 | 8:01 pm
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Disney's Q4 financial results are expected soon. The stock looks bullish, but JPMorgan has lowered the price target to $120.
The upcoming Q4 results announcement could cause volatility in Disney's stock price. While the stock looks bullish, the lowered price target from JPMorgan could impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100