From Nasdaq: 2024-11-13 02:13:00

Zacks.com features The Walt Disney Company, Amazon, Netflix, and Comcast in their latest Analyst Blog. Disney is set to report Q4 earnings on Nov. 14, with revenue estimated at $22.59 billion and earnings at $1.09 per share. Disney’s streaming services are expected to drive growth, but linear TV revenue decline may impact results.

Disney’s strong IP portfolio and streaming services position it well in the evolving media landscape. The company expects modest growth in Disney+ Core subscribers and improved profitability in Q4. However, a decline in linear TV revenue may impact overall results, with Entertainment segment revenue estimated to decrease by 0.8% year over year.

Disney’s stock has returned 11.7% YTD, trading at a premium with forward P/E of 19.53X. Competition in the streaming market poses challenges, with a high debt balance of $47.5 billion. Disney’s diverse portfolio, global brand recognition, and IP strength are key investment considerations, but evolving consumer behaviors and competitive pressures remain challenges.

Investors should closely monitor Disney’s Q4 metrics, particularly in the Experiences segment, where revenue is expected to grow by 12% year over year. While Disney Cruise Line saw strong demand, pre-launch expenses for new ventures may impact Q4 results. Disney’s stock remains a solid long-term investment, but short-term uncertainties warrant a cautious approach.

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For more in-depth analysis and details on The Walt Disney Company, Amazon, Netflix, and Comcast, visit Zacks.com. The views expressed in this article are those of the author and not necessarily Nasdaq, Inc. Click the link to read the full article on Zacks.com.



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