DIS stock is the stock of the Walt Disney Company. This company is a multinational mass media conglomerate that is headquartered in Burbank, California.
Earnings per share forecast ($4.16 for 2023)
Whether you’re looking to buy a share of Disney stock, or just trying to gain some insight into the company’s future, you’ll need to pay close attention to the company’s Earnings per Share (EPS) forecast. If you’re a regular reader of our site, you’ve likely already read about the company’s current EPS, which is $1.72. While we’re hesitant to predict exactly what the company’s EPS will be in the coming year, we think the stock is currently priced below its fundamental value, and it could rise to $40 in the next two years.
But if you’re looking to purchase a Dis stock, you might want to wait until the company announces an actual date for its next earnings report. While the earnings report itself is not expected to be released until late March or early April, you can get a good sense of the company’s upcoming earnings by looking at its historical reporting dates. For example, the company reported $18.5 billion in revenue in the fourth quarter of last year, and the company projected that revenue would rise to $21.4 billion this year. If you want to be notified of when the company’s next earnings report is released, you can sign up for a free account on MarketBeat. The free service provides real-time analyst ratings, earnings data, and insider transactions.
Earnings per share forecast ($5.49 for 2024)
Despite a relatively weak performance this year, Disney stock remains in the black, with analysts citing its valuation and strong revenue growth rate. With earnings estimated to rise to $21.4 billion from $18.5 billion in the previous year, the company is on track for a solid return. The consensus recommendation on DIS stock is just above a Strong Buy, and analysts believe the company is undervalued at current levels.
Analysts predict that Disney’s EPS will soar over the next two years, thanks to the company’s theme parks and streaming services. Morgan Stanley analyst Ben Swinburne is particularly bullish on the company, estimating that its adjusted EPS will return to prior peak levels in fiscal 2025. This is a significant improvement over the past two years, which he attributes to the company’s strong theme park business and the impact of a strong US economy. He has a stock price target of $45.50, which is just under 40% higher than its current price.
In the earnings report, the company is expected to beat its forecasts, primarily due to the continued strength in its theme park business and strong growth in its online streaming services. However, a weaker-than-expected performance in its broadcasting unit and a disappointing sales performance in the Disney Princess and Marvel franchises have hurt its overall performance.
