Disney Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

The Walt Disney Company DIS is projected to release financial results for its fourth quarter, after the closing bell on Nov. 8, 2023.

Analysts expect the company to post quarterly earnings at 70 cents per share, up from year-ago earnings of 30 cents per share. The company’s revenue might come in at $21.35 billion, compared to $20.15 billion in the year-ago period.

Disney recently appointed Hugh F. Johnston as its Senior Executive Vice President and Chief Financial Officer, effective Dec. 4.

Disney shares gained 0.7% to close at $84.59 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Philip Cusick maintained an Overweight rating and cut the price target from $125 to $120 on Oct. 10, 2023. This analyst has an accuracy rate of 63%.
• Seaport Global analyst David Joyce initiated coverage on the stock with a Buy rating and a price target of $93 on Oct. 6, 2023. This analyst has an accuracy rate of 62%.
• Needham analyst Laura Martin reiterated a Hold rating on Sept. 20, 2023. This analyst has an accuracy rate of 63%.
• Truist Securities analyst Matthew Thornton reiterated a Buy rating with a price target of $105 on Sept. 19, 2023. This analyst has an accuracy rate of 67%.
• Credit Suisse analyst Douglas Mitchelson maintained an Outperform rating and cut the price target from $126 to $122 on Aug. 21, 2023. This analyst has an accuracy rate of 66%.

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