Disney Stock Up Slightly Ahead of Q4 Earnings; Analyst Estimates Tempered
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Walt Disney (DIS) stock rose 0.92% but trailed the broader market's gains. The company reports earnings on February 7, 2024.
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EPS is expected to be $1, up 1.01% year-over-year. Revenue is projected at $23.48 billion, down 0.14%.
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Full-year estimates call for EPS of $4.38, up 16.49%, and revenue of $91.88 billion, up 3.35%.
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Recent downward estimate revisions for DIS signal analysts' dimming outlook. Changes correlate with stock performance.
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DIS trades at a Forward P/E ratio of 21.07, representing a premium vs. its industry average of 15.27. Its PEG ratio is 1.7.