Disney

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<p class="has-drop-cap">In a robust financial showing, The Walt Disney Company (NYSE: DIS) surpassed Wall Street’s expectations in its <a href="https://thewaltdisneycompany.com/disneys-q4-fy24-earnings-results-webcast/" target="_blank" aria-label="fourth-quarter earnings report (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">fourth-quarter earnings report</a>. The entertainment giant reported an adjusted <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">earnings per share (EPS)</a> of $1.14, slightly exceeding the anticipated $1.10. Revenue also outpaced forecasts, coming in at $22.6 billion against the expected $22.45 billion.</p>
<p>The company’s operating income saw a significant boost, rising 23% to nearly $3.7 billion, marking a period of strong financial health and operational efficiency. At the time of writing, the company’s stock was up 10.2% over the trading day.</p>
<h3 id="disney-stock-jumps-on-earnings-beat-hits-6-month-high">Disney Stock Jumps on Earnings Beat, Hits 6-Month High</h3>
<p>Disney’s stock price experienced a notable surge following the earnings announcement, jumping 10.2% to $113.17, the highest level in six months. This rise reflects investor confidence in Disney’s financial trajectory and strategic initiatives. <br><br>The stock opened at $110.33 on November 14, 2024, after closing at $102.72 the previous day, highlighting a positive market response. Throughout the trading day, the stock fluctuated between a low of $110.02 and a high of $114.8. The current price as of mid-morning trading stands at $110.115, indicating sustained investor interest and market activity.</p>
<p>The company’s financial metrics further illustrate its solid market position. Disney’s market capitalization is approximately $199.70 billion, with a <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">trailing P/E ratio</a> of 42.19 and a forward P/E ratio of 19.27, suggesting expectations of strong future earnings growth. The stock’s beta of 1.398 reflects its relative volatility compared to the market. <br><br>Additionally, Disney’s forward EPS is projected at $5.15, reinforcing its growth potential. Analysts have set a target mean price of $110.67, with a high target of $133.00, supporting a consensus recommendation to buy.</p>
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<h3 id="the-magic-is-back-at-disney-as-outlook-looks-bullish">‘The Magic is Back at Disney’ as Outlook Looks Bullish</h3>
<p>Disney’s success is driven by several key factors, including the impressive performance of its streaming services, which have turned profitable for two consecutive quarters.</p>
<p>The company added six million new streaming subscribers in the third quarter, contributing to an operating profit of $321 million from this segment. Disney’s film division also contributed significantly, with blockbuster hits like “Deadpool &amp; Wolverine” and “Inside Out 2” bolstering box office revenues. Moreover, Disney’s experiences business reported a record year, further diversifying its revenue streams and enhancing its financial stability.</p>
<p>Looking ahead, Disney remains optimistic about its growth prospects through 2027, with high single-digit EPS growth projected for fiscal 2025 and double-digit growth anticipated for 2026 and 2027.</p>
<p>The company plans a <a href="https://tokenist.com/investing/what-is-a-stock-buyback/" rel="noopener noreferrer nofollow" class="deco-link">$3 billion share buyback</a>, reflecting confidence in its financial health and future performance. Executives emphasize a strategic focus on quality content and have expressed no immediate need for further media consolidation.</p>
<p>As Disney continues to invest in its theme parks, cruise ships, and streaming services, it positions itself for sustained growth and shareholder value creation, reinforcing the sentiment that “<a href="https://finance.yahoo.com/video/disney-cfo-earnings-beat-magic-150452621.html" target="_blank" aria-label="the magic is back at Disney (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">the magic is back at Disney</a>,” as noted by CFO Hugh Johnston.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/the-magic-is-back-disneys-q4-revenue-hits-22-6b-beating-estimates/">‘The Magic is Back’: Disney’s Q4 Revenue Hits $22.6B, Beating Estimates</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

‘The Magic is Back’: Disney’s Q4 Revenue Hits $22.6B, Beating Estimates

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