Endless File-Sharing for All Time, Imminently Near the Numbers
In the world of global business, Disney, the iconic media conglomerate founded by Walt Disney, continues to hold a prominent position. This week, Disney is set to release its financial numbers for the completed fiscal year 2024 (ended September 30) and the fourth quarter, on Thursday, November 14.
Analysts have high expectations for Disney's financial performance, with predictions of a three percent increase in revenue for the full year and a potential 67 percent increase in earnings per share to $4.96. For the fourth quarter, analysts expect a six percent increase in revenue and a potential 77 percent increase in earnings per share to $1.10.
These expectations are supported by Disney's resilience and growth, as demonstrated by its reported fiscal 2024 revenue of approximately $91.36 billion, up 2.77% compared to the previous year, and a notable earnings rise of over 111%, reaching about $4.97 billion.
Following these impressive results, several analysts have upgraded their Disney price targets and rating outlooks. Jefferies, for instance, upgraded Disney's stock rating from Hold to Buy and significantly raised its price target from $100 to $144. Guggenheim and Rosenblatt have also set high price targets near $140, reflecting confidence in Disney's future performance.
The average analyst rating by mid-2025 is "Strong Buy" with a price target around $128.57, implying moderate upside from the trading price at that time. Goldman Sachs analysts see a 25 percent upside to $125 for Disney's stock.
Disney's stock is a member of the Stocks for Eternity Index, a global investment approach focusing on companies with long-term success. The index includes 30 stocks initially equally weighted and rebalanced semi-annually.
From a longer-term perspective, analysis suggests that Disney's innovation investments in theme parks and digital experiences could drive significant stock appreciation by 2029-2030, despite potential headwinds like competition and leadership uncertainties.
In conclusion, the positive outlook for Disney's stock performance after the release of its fiscal year 2024 numbers on November 14, 2022, is well-founded, as analysts anticipate solid revenue and earnings growth, upbeat guidance on parks and streaming segments, and favourable upcoming content releases. Subsequent upgrades and price target increases in 2025 validate this positive outlook, reflecting robust momentum and investor confidence in Disney’s diversified business lines.
Analysts believe Disney's revenue could increase by three percent for the full year 2024 and anticipate a six percent increase in revenue for the fourth quarter. In light of these predictions and upgraded price targets, Disney's financial investing prospects appear promising for the business sector.
