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Disney

DISNEY, a "bottomfish" opportunity that can't be missed! ↑↑↑DISNEY's recent earning calls last April 2023 is showing some impressive numbers -- with net income surging +170%. These weighty numbers are still out of sync with the current price level of the company -- but that will change soon. Initial Accumulation has been spotted at the current price range. Monthly histogram is showing some higher lows formation with price movements getting thinner by the day -- conveying a pending trend reversal. Price is currently sitting at 1.0 FIB level -- this is beyond bargain discount already and a rare chance to seed at this price level knowing the impressive financial numbers. DIS is also hovering the 85-90 range, a strong major order block support that's been tested many times in the past and price keeps bouncing off it. This is a 3-year long standing support that has been proven it's strength over and over. Expect some significant price ascend from the present price range. The current price is a rare bargain -- a 'bottomfish' opportunity that can't be missed for sure! Spotted at 89.0 TAYOR. Safeguard capital always. ------------------------------------ Some financial reference: Financials Quarterly financials APR 2023 (USD) Apr 2023 Y/Y Revenue 21.81B 13.33% Net income 1.27B 170.43% Diluted EPS 0.69 165.38% Net profit margin 5.83% 138.93% Operating income 2.36B 45.98% Net change in cash 1.94B 265.56% Cash on hand - - Cost of revenue 14.62B 16.06%
NYSE:DISLong
by JSAL
1
📺 Disney (DIS) - Streaming Profits and Theatrical Releases! 🎥📊 Technical Overview: NYSE:DIS : Disney, a legacy media and entertainment company. Key Levels: $84.00, $85.00, $124.00, $126.00. 📈 Trade Analysis: Streaming Business: Disney's efforts to turn its streaming business profitable. Cost Savings: Annualized cost savings, especially in streaming. Theatrical Releases: Several theatrical releases from iconic franchises. Bullish Sentiment: Positive outlook on Disney's streaming and entertainment business. 🚀 Trade Strategy: Entry: Above $84.00-$85.00 range. Upside Target: $124.00-$126.00. Profitable Streaming: Anticipation of profitability in Disney's streaming business. 📉📈 Note: Monitor Disney's streaming revenue and upcoming releases for trade decisions. 🔄💹 #Disney #TradeAnalysis #StockMarket 📊🚀
NYSE:DISLong
by Richtv_official
DISNEY, WILL WE SEE A THANOS SNAP ERASING 50% OF ALL GAINS?I have a lot to talk about with Disney. 1. Why is this company special? I would likely say, high ticket marketing, collectables/toys, and Disney+. Out of those, I would say toys and collectables.. whatever. High ticket marketing for rich people at parks are always a money maker, minus a coming shutdown or another big virus. 2. More into Disney+, SPECIFICALLY MARVEL, I hear they are running out of content ideas. The big money maker is 100% without a doubt not star wars, but marvel. I refuse to believe that any rumor of "running out of ideas" is true. First of all, I feel like I can think of hundreds. If they are truly running out of content for Disney+ and want a cheap fix, they literally already created the perfect scenario to really pump out content. Basically, one of the best things you'll ever see in Cinema is the End Game battle. They created a moment where everyone suddenly appeared (Some 100+ characters) and started to battle against a bunch of other characters. Well, first of all, this scene can carry Disney for another 10 years if they wanted it to. In other words, there was a lot of things that happened off screen between the hulk snapping people back, and the teleportation into the battle. That is easy to create content, from the moment a character "wakes up" and gets pulled into a massive battle. Each character could get a 45 minute episode from their point of view waking up and walking through the teleport, and then make it a two-parter where we see their point of view in the battle. Want to save money, Make it first person film style. That way you really only need the characters voice, and whoever the story has them around before getting teleported into the battle. Creating the battle may be a little more difficult but in the end, most of the work should be done and now you're viewing a single characters viewpoint from the entire fight. That could create literally so much content to keep fans engaged rather than waste a ton of money on a lot of "meh" shows. I also wonder if this counts as them using a character and retaining the copy right. IT would be quite easy to keep up with every character and not have to dump them into the most random spots in random movies and shows. Second part to how can Disney use Marvel to make more money. Well, it relates to the idea above, and involves VR. I'm willing to bet fans would pay crazy money for a game that allows them to battle along side their favorite avengers in the actual move scene. It would be more like a Disney ride in that the VR would be scripted to a degree (like moving down a track), but ultimately, they could use a lot of technology with videogames that makes the battle unique to the player jumping in. Here's the kicker, if you allow the "players" or viewer to buy custom "superhero" gear to wear during the battle, you get those sweet sweet microtransactions. Even more so, I'm sure with AI or something, I bet you could literally rewrite each script and make it multiversal, unique to each player all the way though, allowing other players to play within their universe or one of their own. I'd imagine it's possible to have the scenarios lead to ultimately the same situations no matter the actions of the player, but the individual gameplay with vary and have different outcomes (similar to the Walking dead game, but hopefully way better and more realistic with real time choices). Again, I refuse to believe the cash cow that is Marvel is tapped out of ideas. Disney+, WHAT ELSE? Cinematic Universe (Marvel, Star Wars, Mighty Ducks, Pixar, and so many more) Why is a cinematic universe great. Well, it allows for usage of the popular titles, with crossover and guest spots. Marvel with the Multiverse almost allows for free creation. It allows them to kill off expensive characters and still potentially bring them back when their contract demands are less. It allow for the creation of so many different stories within the main story. It allows people to feel nostalgia while also seeing new and engaging content. If you don't see where I'm going with everything I've said so far, THEY ARE CREATING A DIGITAL VERSION OF THEIR THEME PARKS. Which leads to the metaverse. The Metaverse Con, the headsets are big, bulky and expensive. Well, what if a company like Disney, that has literally so much money, was able to design slim VR goggles that are basically sunglasses. They could theoretically get the cost down cheap enough that they could eat a short term loss and give them out to the "people" nearly free and then make a huge amount of money from data and microtransactions/content in the long term. Subscriptions are going to be a big model in the future, a lot of companies seem to be going this route for this reason. There are only so many viewing hours per person, and each company will want them to use their online services. Similar to how google is the search engine and has created youtube to be the How To website. In other words, you use google to search, you stay on google to watch and google makes a lot of ad money and facebook doesn't because you were on google the whole time. Theme Parks Cool but expensive, imo Disney should sell the parks and keep the land. Tap into the Digital theme park world and go all in. Let a smaller company worry about the theme parks. Gambling Espn, sports, Disney, streaming. Going back to VR, imagine if Disney used ESPN to setup cameras all over the stadiums allowing VR users to pay for VR seats and watch a live game as if they were there. I really think Disney should go all in on the VR at home Cinematic universe experience rather than waste time on much else. But that is my opinion, all of this is my opinion so please note that. I think gambling could be quite big. Especially with Crypto. Disney is a big enough company to back the value of a token for their platforms. They takes cash, you get token, they spend cash, you spend token, you cash token in for cash, they likely used your cash for something but give you other cash. Ya know, banks or something like that.. TECHNICALS Okay, so what about the chart. well, to keep this quick because I tried to make the chart as simple as possible. Trend A breaks to Trend B which breaks to Trend C, which is crazy strong. Both B and C are, which means, B will likely be the midterm trend that it could hit and slip under allowing a buy on a bounce to the upside. If C breaks, it likely is a covid like crash scenario, and the price target of 29 springs the price quite high. So if that were to occur, I'd probably consider buying into the fear. I included 29 and 200+ as the high potential and low potential targets in the long term. Personally, I like the rejection coming pretty soon around 111 which could retrace down to 83ish. Before seeing another move to the upside. However it's so hard to tell what it will do at time being. No earnings until MAY, meaning a covid like crash and recovery once people hear earnings in May fits the timeline fairly well. All stocks are showing a top, you have Bezos selling Amazon shares, you have multiple massive sport franchises being sold, huge companies being bought by even bigger companies.. The drop is coming, the big big big return bounce is coming and that can lead to a depression without question. Which then leads to crypto being king for awhile. Alright, if you made it through that, congrats, and THANK YOU for following along, whether you agree or not. Good luck!!
NYSE:DIS
by nicktussing77
1
Disney: Bullish Reversal, Upside Potential +10% ?Hi Realistic Traders, let's delve into the technical analysis of NYSE:DIS Following the breakout of the bearish trendline and double bottom pattern (signaling a Bullish Reversal), Disney sustained its upward trajectory beyond the double bottom and the EMA90 Line. Furthermore, a falling wedge pattern emerged near the EMA90 Line, suggesting a continuation of the bullish trend. Subsequently, the price surpassed the falling wedge pattern, accompanied by the MACD line crossing above the signal line, reinforcing the likelihood of a bullish signal toward the target area. These technical indicators typically validate the potential for a bullish trend continuation. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Disney." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
NYSE:DISLong
by financialfreedomgoals101
Earnings Beat and Epic Game Partnership Drive Disney Stock SurgeIn a strategic leap into the gaming universe, The Walt Disney Company ( NYSE:DIS ) has stunned investors and enthusiasts alike with its latest announcement of a staggering $1.5 billion investment in Epic Games, the mastermind behind the global sensation Fortnite. This landmark partnership promises to reshape the landscape of entertainment, ushering in a new era of collaboration between the realms of gaming and beloved Disney franchises. The excitement reverberated through the markets as Disney ( NYSE:DIS ) shares soared by an impressive 7% in premarket trading following the release of its first-quarter earnings report. Despite revenue remaining steady year-on-year, the company surpassed earnings expectations with an impressive $1.22 per share, outperforming forecasts by a significant margin. CEO Bob Iger's revelation of Disney's ( NYSE:DIS ) foray into gaming represents a bold step forward, marking the company's most significant investment in the sector to date. With this substantial stake in Epic Games, Disney aims to harness the immense popularity of Fortnite and leverage its vast array of intellectual property, spanning Disney, Pixar, Marvel, Star Wars, and Avatar, to create captivating new gaming experiences. The collaboration between Disney ( NYSE:DIS ) and Epic Games holds boundless potential, offering fans the opportunity to immerse themselves in a rich and expansive gaming universe teeming with beloved characters and iconic settings. From pulse-pounding adventures to imaginative worlds, the possibilities are limitless as two entertainment giants join forces to push the boundaries of interactive entertainment. But Disney's ( NYSE:DIS ) ambitions extend far beyond the realm of gaming. The company's visionary roadmap includes the launch of an ESPN streaming service slated for 2025, further expanding its digital footprint and captivating sports enthusiasts worldwide. Additionally, Disney+ subscribers can look forward to an exclusive version of Taylor Swift's Eras Tour movie, adding yet another dimension to the platform's diverse content offering. Despite challenges in its Parks business and a decline in linear television, Disney's ( NYSE:DIS ) steadfast commitment to innovation and strategic growth initiatives has garnered support from investors and analysts alike. Ben Barringer, a technology analyst at investment manager Quilter Cheviot, lauded Disney's stable revenue and effective cost management strategies, underscoring the company's resilience in navigating a rapidly evolving entertainment landscape. Conclusion: As Disney ( NYSE:DIS ) sets its sights on a future brimming with possibilities, the partnership with Epic Games serves as a testament to its unwavering dedication to captivating audiences across every conceivable platform. With creativity as its compass and innovation as its engine, Disney continues to redefine the boundaries of storytelling, leaving an indelible mark on generations to come.
NYSE:DISLong
by DEXWireNews
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t bought the dip on DIS before the previous earnings: Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week, I would consider purchasing the 95usd strike price Puts with an expiration date of 2024-4-19, for a premium of approximately $3.45. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:DISShort
by TopgOptions
The Walt Disney Analysis: Looking at the 3-Day Timeframe 🐭The Walt Disney Company NYSE:DIS , a subject of much discussion due to its corporate policies, is under our lens today. On the grand scale, specifically the 3-day timeframe, we observed the conclusion of Wave (4) with the onset of the pandemic, followed by the completion of the first cycle at $203. Currently, we seem to be finalizing a significant Wave II - the overarching Wave II in this case. 🔎 A closer look suggests a clear 5-wave structure downwards towards our Wave (A). Considering this, it seems to align with a zigzag pattern. Consequently, we should now expect a 3-wave structure leading to Wave (B). This Wave (B) is anticipated to fall between 61.8% and 78.6%. Given that the 38.2% Fibonacci retracement from Wave 5 to Wave (A) precisely aligns with our subordinate Wave 4, we presume that's where our Wave A will be situated. 📉 Following this, we expect the emergence a Wave C forming a zigzag pattern. This would indicate a significant drop below the $80 level, which has been the level for both Wave (4) and Wave (A) so far.
NYSE:DISLong
by freeguy_by_wmc
Navigating Disney's Growth: A Bullish Outlook for Investors The Walt Disney Company ( NYSE:DIS ) has recently faced headwinds, witnessing a dip to its lowest level since 2014. However, astute investors may find silver linings in the company's transformative journey under the leadership of CEO Bob Iger, setting the stage for a potential resurgence. This idea delves into Disney's recent struggles, the strategic initiatives undertaken by Iger, and the compelling reasons why the entertainment giant could be a lucrative long-term investment. 1. Analyzing Disney's Recent Performance: A Temporary Setback Disney's stock performance in 2023 raised eyebrows as it lagged behind the S&P 500 by a significant margin. The company faced challenges from disappointing box office releases, streaming business losses, and a proxy battle with activist investor Nelson Peltz. However, this setback is not an isolated event; Disney's underperformance extends over three, five, and ten years. This trend prompts investors to question the sustainability of the iconic brand's appeal in a rapidly evolving entertainment landscape. 2. Bob Iger's Vision: Transforming Disney for the Future: Since Bob Iger's return as CEO in late 2022, he has spearheaded a series of strategic initiatives to reshape Disney's trajectory. This includes substantial cost-cutting measures, a renewed focus on theme parks, and a shift from aggressive streaming pursuits to prioritizing profitability. Iger's restructuring efforts, including the divisional reorganization and potential divestment of linear TV assets, reflect a departure from his predecessor's approach, emphasizing streaming. 3. Streaming Business: A Key Turning Point: Iger's commitment to reaching breakeven in Disney's streaming business by the end of the fiscal year is a pivotal milestone. If successful, it marks a significant reversal from perennial losses, potentially transforming the streaming segment into a net contributor by 2025. The impending launch of a direct-to-consumer platform for ESPN further highlights Disney's adaptability to evolving consumer preferences. 4. Financial Outlook: Projected Earnings and Cost-Cutting Measures: Disney's proactive approach to cost-cutting, with an expanded target of $7.5 billion in structural savings, is a positive signal for investors. The forecasted growth of 17.3% and 19.9% in earnings per share for fiscal years 2024 and 2025, respectively, aligns with Iger's commitment to enhancing shareholder value. These measures, if executed successfully, could lead to improved earnings and a potential reevaluation of the company's valuation multiples. 5. Technical Analysis: Positive Signs for Investors: Disney's stock is trading near the bottom of its 52-week range but has started to lose downward momentum. This suggests that while investors may have pushed the price lower, there are indications that sentiment is turning positive. The stock's position above its 200-day simple moving average adds further credibility to a potential upward trajectory. 6. Conclusion: A Bullish Forecast for Disney in 2025 Despite recent challenges, Disney's strategic repositioning under Bob Iger offers a compelling narrative for long-term investors. If the company successfully navigates its streaming business to profitability, achieves targeted cost cuts, and delivers blockbuster releases by 2025, it could witness an expansion in valuation multiples. With a current Street-high target price of $120, representing a 32% upside, and consensus estimates predicting robust earnings growth, Disney appears poised for a bullish revival. In conclusion, while past performance may have left investors cautious, the winds of change blowing through Disney, coupled with positive technical indicators, suggest that 2025 could be a turning point for the entertainment giant.
NYSE:DISLong
by DEXWireNews
Long Term Short Trade Setup on DisneyAfter Elon's "Go F yourself" to woke blackmail con-artist and hypocritical arrogant prick Bob Iger, I really was just curious how Disney was actually doing from a purely technical perspective. Disney's chart is looking shockingly bearish long-term. Shorter term (like over the next several weeks) it does look like we will hit $100+ before collapsing further, but once that price is hit, it looks like a Disney-like happy ending is NOT in store here unless something big changes fast. And so far Bob Iger and co. have proven to the public that they are actually hell-bent on destroying the company while attempting to make it look as though they have the best interest of the public in mind. This type of narrative, as you know, has been played on repeat ad-nauseam by lame stream legacy media since the Covid plandemic. To be frank, it's nothing more than pure gaslighting. But will it work? In some cases, yes. In other cases, maybe, In Disney's case, the charts are saying no. Actually, the charts are saying "HELL NO"! For the sake of brevity, I will not go into everything I am seeing on this chart. I really only want to highlight some of the most important indicators which really make up less than 20% of the bearish indicators that I have spotted overall. First of all, on the main chart I am posting you will see one red ascending trendline which started in 2009. If you have been following me for any length of time, you'll know that I have traced this same trendline on many of the chart (if not most) of our predominantly indicative macro-market leaders (i.e. - SPY, DJI, Nasdaq, DXY, FAANG stocks, energy, oil, regional banks, etc.). This trendline, IMO, is the predominant indication showing whether a stock remains a part of the secular bull market, which by the way, we have never exited since 2009, not even the COVID glitch in the matrix could take us there. Except until now. Enter Disney. For the first time, not that I follow the rigged U.S. stock market that closely, a major company has dipped below that all important trendline. And it wasn't simply a dip of the toes in the water type of drop. No sir. It looks like Disney has preformed a canonball splash of a 600 pound sumo wrestler. It has absolutely decimated any magical hope of those fairy tale dreamers that may insanely still be holding for the storybook ending here and it looks as though it will continue to do so. Could Disney be a leading indicator of what will happen to the rest of the companies who follow the same strategy as Disney? I think it may and so it is worth adding to your list of observation. Now, zooming in to the shorter-term perspective, you will note that we have been moving up most-recently. Yes, the market can be irrational as I have observed and alluded to in my post numerous time before. But here we are. And actually, Disney is not looking bad for a short-term long trade to around the $100-$104 price target. But after that? I would want to short the sh** out of this thing. Longer term target down would be anywhere from $67-$60 somewhere around mid-2024. May all of your SHORT dreams come true! Stewdamus
NYSE:DISShort
by stewdamus
2
Looking Ahead to the 4th Quarter for $DISNYSE:DIS has been working on a bottom for a long time. The stock has moved up recently due to heavy buying of Dow components for the DIA and other ETFs which require Dow components. Many Families are making Disney Resorts a holiday location this year. The stock now faces stronger bottom completion resistance from the 2nd quarterly report, which sent the stock moving down further until this October. The volume is very low recently, which is partly due to the holiday but also warns of weakening buyer activity at this price level. However, there was Dark Pool accumulation in the base of the bottom, along with some Pro Trader activity evident in the candlestick and technical indicator patterns. This range now provides moderate to strong support.
NYSE:DIS
by MarthaStokesCMT-TechniTrader
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t sold DIS before the previous earnings: Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week, I would consider purchasing the 85usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $3.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:DISLong
by TopgOptions
Disney (NYSE: DIS) to Launch Its Own NFT PlatformThe NFT trend shows no signs of slowing down. The Walt Disney Company, has teamed up with well-known developer Dapper Labs to introduce the Disney Pinnacle NFT platform. This platform will feature digital collectibles based on icons stored on the Flow blockchain. The collection is set to include digital versions of souvenirs available in Disney theme parks, encompassing characters from “Toy Story,” “Star Wars,” “Mickey Mouse,” and various Disney princesses. As a result, fans of Disney and Pixar animations can enrich their collections with tokenized versions of physical collectible pins. These NFTs will be available not just for buying and selling but also for exchanging with other collectors to acquire missing pieces. This platform will digitally assemble and display a century's worth of animated magic in one marketplace. Designed primarily for mobile devices, Disney Pinnacle also has plans for a future desktop version. The app is slated for release in the App Store for iOS and Google Play Store for Android by the end of the year. The platform is prepared to welcome clients, having already launched a pre-order list. Users will be gradually introduced to the marketplace's features through test sales, although the date for the public release is yet to be determined. Disney representatives have not disclosed specific details about the initial pricing of NFTs on the platform in response to subscriber queries. However, speculation suggests that the pricing will align with the current resale value of the physical pins on online auction sites, with actual prices likely influenced by market demand. Dapper Labs, the developer behind the marketplace, is already renowned in the crypto community for creating the cult-favorite game CryptoKitties and NBA Top Shot – a platform for selling memorable NBA game moments as non-fungible tokens (NFTs). Disney's venture into establishing its own NFT platform marks another step in its use of decentralized technologies. Previously, we've seen how the company brought its characters to life in virtual reality. For this purpose, Disney created its own Metaverse and released an NFT collection called “Golden Moments”, available for purchase in a virtual store on the Obsess platform. The official launch of Disney's digital pins is likely to align with the debut of the Disney Metaverse World. Technical Analysist Price Momentum DIS is trading in the middle of its 52-week range and above its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
NYSE:DISLong
by DEXWireNews
Mickey Mouse is UPSIDE-DOWN!Here on the Daily Chart we have The Walt Disney Stock. Price has been outlining what looks to be a possible Inverted Head and Shoulders! The "Neckline" @ 86.28 has been tested twice, once on Sept. 15th after the creation of the first "Shoulder" and again on Oct. 17th after the creation of the "Head". Now since we have the creation of the second "Shoulder" or the Low that did not surpass the Low of the "Head", I suspect price will make a trip back up to test the "Neckline" one more time before possibly giving us a Bullish Break to go higher!! As added confirmation, My DSR is flattening and and the second "Shoulder" was terminated by my Fib'd Kill Zone giving this a high chance of reversing! **Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS! -Pattern Prediction- *If price Breaks and Closes below 79.23, pattern is INVALIDATED *If price Breaks and Closes above 86.28, price action will initiate my Trade Action Plan!
NYSE:DISLong
by Novi_Fibonacci
2
Disney Raises Cost-Cutting Target To $7.5 Billion Disney (DIS) reported fiscal fourth quarter earnings after the bell on Wednesday that beat expectations as the company increased its annual cost cutting goal to $7.5 billion, up from the previous $5.5 billion set in February. That includes a $4.5 billion annualized cut to content spending, up from the prior $3 billion. The company's streaming figures came in much strong than expected with nearly 7 million core Disney+ net additions, compared to consensus calls of 2.68 million. Streaming losses narrowed to $387 million from a loss of $1.41 billion in the prior year period after the company raised streaming prices for the second time this year, upping the monthly price of its ad-free Disney+ and Hulu plans by more than 20%. 244 DIS FDA approves Eli Lilly's Mounjaro for weight lossScroll back up to restore default view. Alexandra Canal Alexandra Canal·Senior Reporter Wed, November 8, 2023 at 10:05 PM GMT+1 In this article: DIS Disney (DIS) reported fiscal fourth quarter earnings after the bell on Wednesday that beat expectations as the company increased its annual cost cutting goal to $7.5 billion, up from the previous $5.5 billion set in February. That includes a $4.5 billion annualized cut to content spending, up from the prior $3 billion. The company's streaming figures came in much strong than expected with nearly 7 million core Disney+ net additions, compared to consensus calls of 2.68 million. Streaming losses narrowed to $387 million from a loss of $1.41 billion in the prior year period after the company raised streaming prices for the second time this year, upping the monthly price of its ad-free Disney+ and Hulu plans by more than 20%. Analysts polled by Bloomberg had expected direct-to-consumer losses to mount to $454 million in the quarter. The company previously reported a loss of $512 million in Q3, a $659 million loss in Q2 and a $1.1 billion loss in Q1. The results follow the official reveal of Disney's next CFO and commitment to purchase Comcast's 33% stake in Hulu. On the earnings call, the company said it expects free cash flow to balloon to $8 billion in full-year 2024, assisted by lower content spend. Disney expects to spend $25 billion on content next year versus the $27 billion spent in full-year 2023. It will also recommend a dividend by the end of the calendar year. Shares climbed almost 4% in pre-market trading following the results. Adjusted earnings of $0.82 a share beat expectations of $0.69 per share and was more than double the prior-year period's earnings per share of $0.30. Revenue, meanwhile, slightly missed estimates of $21.43 billion to hit $21.24 billion, up 5% compared to the prior-year quarter's $20.15 billion. Wednesday's results mark the first time the media giant delivered earnings under its new reporting structure after CEO Bob Iger reorganized the company into three core business segments: Disney Entertainment, which includes its entire media and streaming portfolio; Experiences, which encompasses the parks business; and Sports, which included ESPN networks and ESPN+. Here's how those individual segments performed in the quarter versus Wall Street consensus estimates compiled by Bloomberg: Entertainment revenue: $9.52 billion versus $9.77 billion expected Sports revenue: $3.91 billion versus $3.89 billion expected Experiences revenue: $8.16 billion versus $8.20 billion expected Disney's stock has struggled, down about 3% since the start of the year and down 5% since Iger's return. Disney's Experiences division, which includes its parks, cruise lines and consumer products, saw revenue leap 13% year-over-year in the quarter to hit $8.16 billion. Operating income came in at $1.76 billion, below estimates of $1.87 billion but 30% above Q4 2022's $1.34 billion total. The company said lower results at its domestic parks and resorts stemmed from a decrease at Walt Disney World Resort due to inflation and lower guest spending. Disney plans to invest $60 billion into its theme parks business over the next 10 years. Most of its full-year 2024 domestic parks growth will be in the second half of the year. Price Momentum DIS is trading near the bottom of its 52-week range and below its 200-day simple moving average. What does this mean? Investors have been pushing the share price lower, and the stock still appears to have downward momentum.
NYSE:DISLong
by DEXWireNews
Shifting Sentiment in DIS Ahead of Earnings?NYSE:DIS stock has struggled this year. However, Accumulation/Distribution on this daily chart shows accumulation over the past several weeks. This is a "shift of sentiment" pattern indicating a better earnings report is likely this time. The sideways trend is compressing and has consistent lows and highs, a common pattern for accumulation. When Accumulation appears well ahead of an earnings report, it usually (but not always) indicates improvement in fundamentals and establishes a base price for the improvement. DIS is a target for HFTs since it's a household name stock that gets a lot of attention in the news.
NYSE:DIS
by MarthaStokesCMT-TechniTrader
Disney $dis #dis Back in our Buy zone.The gift that just keep giving. We laid out this plan Months ago and even first talked about it being something to watch for last year. Ever since it became fully actionable it has continued to do exactly as we have planned and so far, so good, we just keep buying low and selling/trimming higher. In the bigger picture i still say buyers should be highly considering keeping some shares sub$100 and especially sub $90 for long term holds/investments. These sub $85 and even better sub $80 positions may someday seem like a GIFT for the future of your portfolio's. Don't miss out and squander this opportunity.
NYSE:DIS
by rarebreed29