Mixed Q3 Results: Disney reported a revenue of $22.46 billion, slightly below estimates, but adjusted earnings per share of $1.11 exceeded forecasts, indicating strong profitability and subscriber growth for Disney+.
Impact of YouTube TV Blackout: The ongoing blackout of Disney's channels on YouTube TV, due to a contract dispute, is costing the company approximately $30 million per week, raising concerns about its financial impact and duration.
ETF Vulnerability: Disney's performance is crucial for media ETFs like XLC and VOX, which hold significant Disney shares; volatility in Disney's stock could affect the overall performance of these funds.
Investor Sentiment: The situation highlights the risks associated with platform dependence in the media sector, as even major players like Disney can face challenges that impact investor confidence and fund performance.
Wall Street analysts forecast XLC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast XLC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 114.630
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Current: 114.630
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
