Disney Stock Is Rising Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Walt Disney Co (NYSE:DIS) shares rose after reporting fiscal Q1 results, beating earnings estimates but missing revenue forecasts. The company announced a new partnership with Epic Games, a share repurchase program, and a dividend increase. Analysts adjusted ratings and price targets, with most maintaining a positive outlook.
February 08, 2024 | 1:53 pm
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Disney's fiscal Q1 earnings beat estimates with a new partnership with Epic Games, a share repurchase program, and a dividend increase. Analysts mostly maintained a positive outlook, adjusting price targets.
Disney's earnings beat, coupled with strategic moves like the Epic Games partnership and shareholder value initiatives (share repurchase and dividend increase), signal strong company performance and future growth prospects. Analysts' positive adjustments further support the stock's short-term upside potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100