Disney Expects FY24 EPS To Increase By At Least 20% To Approximately $4.60 vs $3.98 Est.
Portfolio Pulse from Benzinga Newsdesk
Disney has projected an increase in its FY24 earnings per share (EPS) by at least 20%, reaching approximately $4.60, compared to the estimated $3.98.
February 07, 2024 | 9:08 pm
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POSITIVE IMPACT
Disney projects its FY24 EPS to increase by at least 20% to approximately $4.60, outpacing the estimated $3.98.
Disney's announcement of a significant EPS increase for FY24 directly impacts its stock as it signals stronger than expected financial health and growth. This positive outlook is likely to boost investor confidence and potentially drive up the stock price in the short term, as it surpasses the current EPS estimates.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100