The Walt Disney Company DIS is a leading diversified international family entertainment and media enterprise that includes three core business segments: Disney Entertainment, ESPN, and Disney Experiences.
The company is set to report its Q4 2024 earnings on Nov, 14, 2024. Wall Street analysts expect the company to post an EPS of $1.10, up from $0.82 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $22.36 billion, up from $21.24 billion in the previous year.
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If You Bought Walt Disney Stock 10 Years Ago
The company's stock traded at approximately $90 per share 10 years ago. If you had invested $10,000, you could have bought roughly 111 shares. Currently, shares trade at $95.08, meaning your investment's value could have grown to $10,564 from stock price appreciation alone. However, Walt Disney also paid dividends during these 10 years.
Walt Disney's dividend yield is currently 0.95%. Over the last 10 years, it has paid about $9.86 in dividends per share, which means you could have made $1,096 from dividends.
Summing up $10,564 and $1,096, we end up with the final value of your investment, which is $11,660. This is how much you could have made if you had invested $10,000 in Walt Disney stock 10 years ago. This means a total return of 16.6%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 227.44%.
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What Could The Next 10 Years Bring?
Walt Disney has a consensus rating of "Buy" and a price target of $116.59 based on the ratings of 30 analysts. The price target implies more than 22% potential upside from the current stock price.
On August 7, the company announced its Q3 2024 earnings, posting revenue growth of 4% year-on-year to $23.16 billion, marginally beating the analyst consensus estimate of $23.11 billion. Adjusted EPS of $1.39 beat the analyst consensus estimate of $1.20, as reported by Benzinga.
Entertainment revenue increased by 4% year over year to $10.58 billion, mainly driven by subscription revenue growth due to price increases and customer growth for Disney+ Core.
Sports revenue grew 5% year over year to $4.56 billion. Experiences revenue climbed 2% year over year to $8.39 billion.
In the Entertainment segment, Linear Networks revenue declined by 7% year over year to $2.66 billion, Direct-to-Consumer revenue climbed 15% year over year to $5.81 billion, and Content Sales/Licensing and Other revenue declined by 4% year over year to $2.11 billion.
Revenue from U.S. parks and experiences increased 3% year over year to $5.82 billion, while international sales climbed 5% year over year to $1.60.
Disney expects a fiscal 2024 adjusted EPS growth target of 30% (prior 25%), compared to the $4.77 consensus estimate.
Some investors have taken a bullish stance on Walt Disney. Check out this article by Benzinga to learn more.
Given the expected upside potential of 22%, growth-focused investors may find Disney stock attractive. They could benefit from the company's modest dividend yield of 0.95%.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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