From Nasdaq: 2024-11-12 10:15:00

The Walt Disney Company is set to report fourth-quarter fiscal 2024 results on Nov. 14, with revenue estimated at $22.59 billion, up 6.37% from the previous year. Earnings are expected to be $1.09 per share, a 32.93% increase year over year. Disney has a history of beating earnings estimates, but this quarter might be different.

As the media landscape shifts to streaming, Disney’s position with Disney+, Hulu, and ESPN+ is strong. Their bundling strategy is expected to drive revenue growth, while the decline in Linear TV revenues may impact Media and Entertainment Distribution. Disney’s extensive IP portfolio remains a key strength, supporting its streaming, network, and parks businesses.

Disney’s Experiences segment faces challenges in the upcoming quarter, with attendance moderation and cost management. Investors should focus on key metrics like park attendance and per-capita spending. Despite strong demand in Disney Cruise Line, pre-launch expenses for new ventures may impact results. Disney operates in a competitive streaming market, posing valuation concerns.

Disney remains a top investment choice with a globally recognized brand and valuable IP. The company faces challenges from evolving consumer behaviors and competitive pressures. Investors should consider a nuanced approach to Disney stock in the fourth quarter. For those looking for potential growth opportunities, Zacks Investment Research offers insights on 5 stocks set to double in 2024.



Read more at Nasdaq: Disney’s Pre-Q4 Earnings Analysis: To Buy or Not to Buy the Stock?