Key Points:
- Disney (DIS, Financial) earnings are projected to grow despite a slight decline in the current quarter's forecast.
- Analyst price targets suggest substantial potential upside for Disney stock.
- Disney maintains an "Outperform" status with strong growth prospects.
Disney's Current Earnings Outlook
The Walt Disney Company (DIS) is navigating a minor setback in its earnings outlook for this quarter, with projections now at $1.19 per share. This marks a modest year-over-year decline of 1.7%. However, looking beyond these immediate challenges, Disney's earnings for the entire fiscal year are anticipated to climb by 10.3%, reaching $5.48. Looking ahead to the next year, projections suggest a further increase of 11.3%. In light of these dynamics, Disney holds a Zacks Rank #3 (Hold), hinting at steady market performance.
Wall Street Analysts' Projections
Wall Street remains optimistic about The Walt Disney Co's (DIS, Financial) future, with 26 analysts providing a one-year average price target of $126.01. This target varies from a high estimate of $147.00 to a low estimate of $79.00. Notably, the average price target indicates a potential upside of 49.52% from the current share price of $84.28. For a deeper dive into these estimates, investors can refer to the The Walt Disney Co (DIS) Forecast page.
Brokerage Firms' Recommendations
The consensus among 32 brokerage firms positions The Walt Disney Co (DIS, Financial) with an average brokerage recommendation of 2.0, equating to an "Outperform" status. On the rating scale, 1 represents a Strong Buy, whereas 5 indicates a Sell, underscoring a positive outlook by the majority of analysts.
Estimating Disney's Fair Value
According to GuruFocus' estimates, the GF Value for Disney is projected to reach $115.84 within a year, suggesting an impressive potential upside of 37.45% from the current price point of $84.28. The GF Value is a proprietary calculation by GuruFocus, determined by analyzing historical stock multiples, past business growth, and future projections. For further insights and detailed evaluations, investors can explore the The Walt Disney Co (DIS, Financial) Summary page.
