Disney's Q3 results expected to be positive despite potential theme park sales drop

From Nasdaq: 2024-07-28 21:01:11

Disney is set to report Q3 FY’24 results with expected revenues of $23.2 billion, up 3% YoY, and earnings of $1.19 per share. Theme park growth may slow down, impacting the Entertainment segment, but streaming business sales rose 13% last quarter. DIS stock has underperformed the S&P 500 for 3 years.

Despite recent challenges in media and streaming, Disney remains positive with restructuring efforts to cut costs and boost profits. The company aims to achieve $7.5 billion in expense cuts by fiscal year-end, with earnings per share expected to grow by at least 20%. Analysts value Disney stock at $137 per share, suggesting undervaluation.

In terms of returns, DIS stock has seen a decline of 9% MTD, 0% YTD, and -9% from 2017-2024. In contrast, the S&P 500 returned 2% MTD, 16% YTD, and 148% from 2017-2024. The Trefis Reinforced Value Portfolio outperformed both with returns of -1% MTD, 6% YTD, and 685% from 2017-2024.



Read more at Nasdaq: Does Comcast’s Theme Park Sales Drop Spell Trouble For Disney’s Q3?