Preview: Walt Disney's Earnings
Portfolio Pulse from Benzinga Insights
Walt Disney (NYSE:DIS) is scheduled to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $0.92. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows that Walt Disney's stock price reacts significantly to earnings performance and guidance. In the last quarter, the company exceeded the EPS estimate, resulting in a 6.91% stock price increase. However, over the past year, Disney shares have declined by 13.13%, indicating a bearish sentiment among long-term shareholders.
February 06, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Walt Disney is expected to announce its quarterly earnings with an anticipated EPS of $0.92. The focus will be on whether it can exceed this estimate and offer positive future guidance. Historically, earnings performance and guidance have significantly influenced its stock price. Despite a positive reaction to last quarter's earnings beat, the overall yearly performance shows a 13.13% decline.
Given the historical positive stock price reaction to earnings beats and the anticipation surrounding the upcoming earnings report, there is a potential for short-term price appreciation if Disney meets or exceeds the EPS estimate and provides optimistic future guidance. However, the overall bearish sentiment due to the yearly decline in stock price suggests that any positive movement might be within a cautious market outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100