Disney (DIS) expected to have strong earnings due to positive estimates, growth potential, targeting younger audiences

From Nasdaq: 2024-08-06 07:35:00

The Walt Disney Co. (DIS) will report Q3 fiscal 2024 earnings results on Aug 7. Analysts estimate average monthly revenue per paid subscriber for ESPN+ to reach $6.03, Number of paid subscribers for Hulu to reach 50.48 million, and more. Positive estimate revisions and expected growth rates add to DIS’s potential.

DIS stock has seen a 2.8% YTD decline, compared to the S&P 500’s 8.9% rally. Despite hitting an all-time high in March, the stock price dropped 29.1%. Analysts project a 41.7% increase from the current $87.78 price target. DIS falls under the Media Conglomerates industry and will share earnings week spotlight with EDR and LION.

The Walt Disney’s Chief Researcher names a top pick with double-up potential. The company targets millennial and Gen Z audiences, with revenue touching $1 billion last quarter. DIS remains a strong contender for growth. Interested investors can explore DIS, EDR, and LION’s potential through free stock analysis reports available on Zacks.com.



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