Q4 2024 EPS Estimates for The Walt Disney Company Reduced by Analyst (NYSE:DIS)

The Walt Disney Company (NYSE:DIS) – Analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for shares of Walt Disney in a research note issued to investors on Wednesday, August 28th. Zacks Research analyst R. Department now expects that the entertainment giant will earn $1.07 per share for the quarter, down from their previous forecast of $1.10. The consensus estimate for Walt Disney’s current full-year earnings is $4.92 per share. Zacks Research also issued estimates for Walt Disney’s Q2 2025 earnings at $1.18 EPS, Q4 2025 earnings at $1.31 EPS, FY2025 earnings at $5.06 EPS, Q2 2026 earnings at $1.41 EPS and Q3 2026 earnings at $1.44 EPS.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the firm earned $1.03 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis.

DIS has been the topic of a number of other research reports. The Goldman Sachs Group assumed coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Loop Capital reduced their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Needham & Company LLC reduced their price objective on Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Price Performance

DIS opened at $90.38 on Monday. Walt Disney has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The business’s fifty day simple moving average is $93.23 and its 200-day simple moving average is $103.99. The company has a market capitalization of $163.91 billion, a price-to-earnings ratio of 98.24, a PEG ratio of 1.34 and a beta of 1.40.

Institutional Investors Weigh In On Walt Disney

Several institutional investors and hedge funds have recently modified their holdings of DIS. Norges Bank acquired a new position in Walt Disney during the 4th quarter worth $1,938,647,000. Jennison Associates LLC acquired a new position in Walt Disney during the 1st quarter worth $1,490,492,000. Capital World Investors boosted its position in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after acquiring an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. purchased a new position in shares of Walt Disney in the 4th quarter valued at about $459,245,000. Finally, Swedbank AB purchased a new position in shares of Walt Disney in the 1st quarter valued at about $493,715,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.