What's Going On With Disney Stock?
Portfolio Pulse from Henry Khederian
Walt Disney Co (NYSE:DIS) shares increased by 1.5% to $89.60, potentially due to the company's recent Q4 earnings report which exceeded EPS expectations. Disney reported a 5% YoY increase in revenue to $21.24 billion, slightly missing estimates of $21.33 billion, but the EPS of 82 cents beat the consensus of 70 cents. Growth was seen in Entertainment and Experiences segments, while Sports remained flat. CEO Bob Iger highlighted the progress made over the past year.
November 13, 2023 | 7:24 pm
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POSITIVE IMPACT
Disney's stock is experiencing an uptick following a positive Q4 earnings report, with higher-than-expected EPS and revenue growth in key segments.
The positive earnings report, particularly the EPS beat, is likely to instill investor confidence and could lead to a short-term positive impact on Disney's stock price. The growth in revenue, despite being slightly below estimates, along with the CEO's optimistic comments, support the potential for continued strength in the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100