Disney Q1 Earnings Preview: Media Company Battles DeSantis, Musk, Peltz
Portfolio Pulse from Chris Katje
Walt Disney Co (NYSE:DIS) is set to report Q1 financial results on Feb. 7, 2024, with expected revenue of $23.685 billion and EPS of 99 cents. Analysts highlight Disney's cost-cutting and strong cash flow growth guidance, particularly from the Experiences and DTC segments. Disney+ subscriber growth and battles with Elon Musk and Florida Gov. Ron DeSantis are key issues. Disney faces challenges from activist investor Nelson Peltz. DIS shares are down 0.49% to $96.65, with a 7% increase YTD in 2024.
February 05, 2024 | 10:36 pm
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NEUTRAL IMPACT
Disney is expected to report strong Q1 earnings with a focus on cost-cutting and cash flow growth. However, challenges with Disney+ subscriber growth, battles with Elon Musk and Gov. Ron DeSantis, and pressure from activist investor Nelson Peltz could impact investor sentiment.
Disney's expected revenue and EPS suggest a strong financial performance, bolstered by cost-cutting and cash flow growth. However, the potential impact of Disney+ subscriber fluctuations, public battles with high-profile figures, and activist investor pressures could create uncertainty among investors, leading to a neutral short-term impact on DIS stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100