From Nasdaq: 2024-05-07 11:50:00

1. Disney emerges as the surprising leader in the Dow Jones Industrial Average, with a 29% gain so far this year, making it the top gainer among the Dow 30 components. Despite posting mixed financial results, Disney’s bottom line beats expectations, with adjusted earnings soaring 30% to $1.21 per share.

2. Disney overcomes near-term revenue weakness with a 5% decline in its entertainment segment, offset by a 13% increase in direct-to-consumer streaming platforms. CEO Bob Iger emphasizes a shift towards quality over quantity for the studio’s film releases, leading to a 10% decrease in segment revenue but setting up for a strong future pipeline.

3. Disney’s strong start to 2024 includes dividend hikes, a share buyback authorization, and a focus on improving costs and content creation. With adjusted profit expected to reach $4.70 per share for the fiscal year, Disney’s stock is trading at less than 23 times earnings guidance, making it an attractive turnaround story for investors.



Read more at Nasdaq: 3 Reasons Why Disney Is the Hottest Dow Stock in 2024