Market's Subdued Finish May Set Up Positive Earnings Reports
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
- Earnings Week Outlook: With heavyweight companies like AMD, Alphabet, and Amazon set to report quarterly results, the market's subdued finish this week may lay the groundwork for a rebound next week, especially after the S&P 500's three-day decline.
- Disney CEO Succession Talk: Cramer noted that Disney will report earnings on Monday amid discussions of CEO succession; it's noteworthy that Cramer's Charitable Trust exited its Disney position last November, reflecting concerns over the company's stagnant performance.
- Importance of Innovation Day: Western Digital is hosting an Innovation Day on Tuesday, which Cramer emphasized as critical, given that the company's stock was crushed despite a strong quarterly report the previous evening, indicating investor focus on future innovations.
- Employment Report Impact: Cramer anticipates that the January employment report on Friday may come in weaker than expected, which could support lower bond yields and enable stocks to soar, highlighting the market's sensitivity to economic data.
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Analyst Views on DIS
Wall Street analysts forecast DIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DIS is 137.29 USD with a low forecast of 123.00 USD and a high forecast of 152.00 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.
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 111.580
Low
123.00
Averages
137.29
High
152.00
Current: 111.580
Low
123.00
Averages
137.29
High
152.00
About DIS
The Walt Disney Company is a diversified worldwide entertainment company. The Company's segments include Entertainment, Sports and Experiences. The Entertainment segment generally encompasses its non-sports focused global film and episodic content production and distribution activities. The lines of business within the Entertainment segment along with their business activities include Linear Networks, Direct-to-Consumer, and Content Sales/Licensing. The Sports segment encompasses its sports-focused global television and direct-to-consumer (DTC) video streaming content production and distribution activities. The lines of business within the Sports segment include ESPN and Star. The Experiences segment includes Parks and Experiences and Consumer Products. Parks and Experiences consists of Walt Disney World Resort in Florida, Disneyland Resort in California, Disney Cruise Line, and others. Consumer Products includes licensing of its trade names, characters, visual, literary and other IP.
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.
Disney's Q1 Earnings Expectations Set for Release
- Earnings Announcement: The Walt Disney Company is set to release its Q1 earnings on February 2, with analysts forecasting earnings of $1.58 per share, down from $1.76 in the previous year, indicating potential profitability challenges ahead.
- Revenue Forecast: Analysts estimate Disney's quarterly revenue at $25.6 billion, an increase from $24.69 billion last year, suggesting that despite challenges, the company may still exhibit revenue growth potential.
- Stock Price Target: Citigroup analyst Jason Bazinet has maintained a Buy rating on Disney but lowered the price target from $145 to $140, reflecting a cautious market sentiment regarding Disney's future performance.
- Dividend Yield Focus: With an annual dividend yield of 1.34% and a quarterly dividend of 37.5 cents per share, investors would need approximately 4,000 shares to generate a monthly income of $500, highlighting the importance of dividends for investor returns.
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Dow Closes January Marking Its Ninth Consecutive Monthly Increase
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