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Is Disney Stock a Magical Buy After Earnings?
Entertainment leader The Walt Disney Company (DIS) recently reported solid profitability gains in its third-quarter results. The company also stands on the cusp of a significant acquisition of the NFL Network. With Q3 results in the rearview and an exciting deal on the way, should investors play DIS stock now? Or should they hold off on buying shares of the entertainment giant? More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Peter Thiel-Backed Bullish Is About to IPO. Should You Buy BLSH Stock? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! About Disney Stock Founded in 1923, the Walt Disney Company is a global leader in the entertainment and media industries. Headquartered in Burbank, California, the company owns iconic brands such as Disney, Pixar, Marvel, Star Wars, and National Geographic. Its operations encompass television broadcasting, film production, merchandise licensing, and digital platforms, including Disney+. The company also runs internationally renowned theme parks and resorts. Disney has a market capitalization of $209 billion. A transformation is underway in Disney's sports segment, with its ESPN subsidiary launching a sports streaming service for customers on Aug. 21. This service brings the full suite of ESPN's network under one umbrella. The launch of the service is timed to coincide with numerous sports events, including the start of the NFL season. This also brings the bombshell news that ESPN would be acquiring the NFL Network, which has nearly 50 million subscribers, and other media assets. The addition of the NFL streaming rights gives the company more leverage for its upcoming sports streaming service. Over the past 52 weeks, DIS stock has gained 34% as the company experiences growth in subscribers. DIS stock reached a 52-week high of $124.69 in late June but is now 8% off that mark. So far this year, the stock is up by nearly 4%. Right now, shares of Disney trade at an attractive valuation. Its price sits at 19.3 times forward earnings, which is lower than the current industry average. Disney's Profits Climbed in the Third Quarter Disney reported robust third-quarter results for fiscal 2025 on Aug. 6. The company's revenue increased by 2% from the prior-year period to $23.65 billion. However, this figure fell just short of the $23.68 billion that Wall Street analysts were expecting. At the heart of the growth was Disney's growing subscriber count in its streaming services and growth in its domestic theme parks segment. The company's total Disney+ subscribers for the quarter were 127.8 million, increasing 1.4% from the prior quarter. This subscriber growth was, in turn, fueled by a 2.5% sequential increase in international subscriber count, while domestic subscriber growth (in the U.S. and Canada) remained flat. Its total Hulu subscriber count grew by 1.5% sequentially to 55.5 million. Disney's direct-to-consumer (DTC) segment's operating income stood at $346 million, representing a significant turnaround from the $19 million operating loss it had reported a year earlier. On top of that, the experiences segment's operating income climbed by 13% year-over-year (YOY) to $2.52 billion. The company also reported gains in its profitability as its operational metrics grew. Adjusted EPS grew by 16% YOY to $1.61, which was higher than the $1.46 per share that Wall Street analysts were expecting for the quarter. For Q4, Disney expects total Disney+ and Hulu subscriptions to increase by more than 10 million compared to the third quarter. The majority of the growth is likely to come from Hulu due to its expanded Charter deal, while the Disney+ subscriber count is expected to grow modestly. For the current fiscal year, Disney expects adjusted EPS to be $5.85, representing an 18% increase from the prior year. Its DTC segment is forecast to report an operating income of $1.30 billion. Wall Street analysts are soundly optimistic about Disney's future earnings. For the current fiscal year, EPS is projected to increase 18.3% annually to $5.88, followed by 10% growth to $6.47 in the next fiscal year. What Do Analysts Think About Disney Stock? In the eyes of Wall Street analysts, Disney remains a sweetheart in the entertainment industry. Recently, Rosenblatt raised its price target on DIS stock from $140 to $141, while maintaining a 'Buy' rating. The price target revision came after the company's Q3 report, with Rosenblatt analysts highlighting its theme park growth. Needham analyst Laura Martin also maintained a 'Buy' rating on DIS stock with a $125 price target. The rating is based on several positive developments, such as Disney's recent profitability gains. Reflecting positive sentiment, Evercore ISI Group analyst Vijay Jayant maintained an 'Outperform" rating, hiking the price target from $134 to $140. Expecting the company to continue its track of sustained earnings growth, Morgan Stanley analyst Benjamin Swinburne raised the price target from $120 to $140 as well, with an unchanged 'Outperform' rating. Disney remains a favorite on Wall Street, with analysts awarding it a consensus 'Strong Buy' rating overall. Of the 28 analysts rating the stock, a majority of 20 analysts rate it a 'Strong Buy,' two analysts suggest a 'Moderate Buy,' and six play it safe with a 'Hold' rating. The consensus price target of $134.52 represents 17% potential upside from current levels. The Street-high price target of $152 indicates 32% potential upside from here. The Bottom Line Disney's operations might be in a growth phase at the moment, with growing subscribers and additions in theme parks, such as the company's planned seventh theme park set to be built in Abu Dhabi. Disney's bottom-line gains are also notable. Therefore, investors may want to consider DIS stock now. On the date of publication, Anushka Dutta did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
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Stocks Fall Back on Hot PPI Report
The S&P 500 Index ($SPX) (SPY) is down -0.24%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.11%. September E-mini S&P futures (ESU25) are down -0.39%, and September E-mini Nasdaq futures (NQU25) are down -0.30%. Stocks are seeing some downward pressure today after today's strong US PPI report and today's +3 bp rise in the 10-year T-note yield. In addition, San Francisco Fed President Mary Daly threw cold water on the idea of a -50 bp rate cut at the September FOMC meeting. More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Peter Thiel-Backed Bullish Is About to IPO. Should You Buy BLSH Stock? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Today's PPI report was much stronger than market expectations. The PPI report suggested that the markets might have been overly optimistic about Tuesday's CPI report and that companies are passing through tariffs at the wholesale level at a higher pace than earlier thought. The July US final-demand PPI report of +0.9% m/m and +3.3% y/y was substantially stronger than market expectations of +0.2% m/m and +2.5% y/y. The July US core final-demand PPI report of +0.9% m/m and +3.7% y/y was substantially stronger than market expectations of +0.2% m/m and +3.0% y/y. The markets dialed back expectations for Fed easing in the wake of today's disappointing PPI report. The markets are no longer discounting any chance of a -50 bp rate cut at the September meeting and are now assigning a 93% chance of that rate cut. After Treasury Secretary Bessent's dovish comments on Wednesday, the markets temporarily assigned an 11% chance of a -50 bp rate cut at the September meeting. Nevertheless, the current 93% chance of a -25 bp rate cut in September is still substantially more dovish than the 40% chance assigned before the news of the weak July payroll report on August 1 and the in-line CPI report this past Tuesday. US weekly initial unemployment claims fell by -3,000 to 224,000, which was close to expectations for a slight decline to 225,000. US weekly continuing claims fell by -15,000 to 1.953 million, which showed a slightly stronger labor market than expectations of a dip to 1.967 million. San Francisco Fed President Mary Daly told the WSJ that she does not support a -50 bp rate cut at the September meeting, saying that "would send off an urgency signal that I don't feel about the strength of the labor market." Daly said she still supports two rate cuts this year, but that three cuts could be warranted "if we saw more signs that the labor market was more precarious." Treasury Secretary Scott Bessent today tried to backtrack a bit on his statements on Wednesday in which he said interest rates are "too constrictive" and that rates "should probably be 150, 175 basis points lower." He added, "There's a very good chance of a 50 basis point cut. We could go into a series of rate cuts here, starting with a 50 basis point rate cut in September." In an interview with Fox Business today, Mr. Bessent said he was not telling the Fed what to do and that he was not calling for a series of Fed rate cuts with his comments on Wednesday. He said he was merely trying to say that models show the neutral rate is lower, although he didn't specify which models he was referring to. Mr. Bessent said he supports transparency and the call to clean up investment conflicts by members of Congress. In recent tariff news, President Trump early Tuesday extended the tariff truce with China for another 90 days until November. Last Wednesday, Mr. Trump announced that he will impose a 100% tariff on semiconductor imports. Still, companies would be eligible for exemptions if they demonstrate a commitment to building their products in the US. However, the US will levy a separate tax on imports of electronic products that employ semiconductors. Also, Mr. Trump announced last Wednesday that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India's purchases of Russian oil. Last Tuesday, Mr. Trump said that US tariffs on pharmaceutical imports would be announced "within the next week or so." According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced. The market's focus during the remainder of this week is on any tariff-trade news and Friday's Trump-Putin summit. On Friday, July US retail sales are expected to climb +0.6% m/m and retail sales ex-autos are expected to rise +0.3% m/m. Also on Friday, the July industrial production and manufacturing production reports are both expected to remain unchanged m/m. Finally, the University of Michigan's Aug US consumer sentiment index is expected to climb by +0.3 to 62.0. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 93% at the September 16-17 FOMC meeting and at 54% for a second -25 bp rate cut at the following meeting on October 28-29. Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With over 82% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates. Overseas stock markets are mixed. The Euro Stoxx 50 is up +0.29%. China's Shanghai Composite posted a 3.75-year high but then fell back and closed down -0.46%. Japan's Nikkei Stock 225 closed down -1.45% and fell back from Wednesday's record high. Interest Rates September 10-year T-notes (ZNU25) are down by -6 ticks, and the 10-year T-note yield is up +2.9 bp at 4.262%. T-note prices fell back today on the strong PPI report, which resulted in reduced expectations for Fed rate cuts in the coming months. T-note prices were also undercut after Treasury Secretary Bessent today backtracked a bit on his comments yesterday, calling for aggressive Fed interest rate cuts. In a bearish factor, the 10-year breakeven inflation expectations rate today is up by +1.0 bp at 2.386%. European government bond yields are higher. The 10-year German bund yield is up +2.3 bp at 2.703%. The 10-year UK gilt yield is up +2.9 bp at 4.618%. Swaps are discounting the chances at 7% for a -25 bp rate cut by the ECB at the September 11 policy meeting. US Stock Movers The Magnificent Seven are all trading higher today, except for Tesla (TSLA), which is down more than -1%. The leader is Amazon (AMZN) with a gain of more than +2%. Chip stocks are generally trading lower today on some give-back after yesterday's gains. ON Semiconductors (ON), Microchip Technology (MCHP), Align Technologies (ALGN), and NXP Semiconductors (NXPI) are all down more than -2% today. Cisco Systems (CSCO) is down more than -1% due to cautious management guidance for the current fiscal year. Deere (DE) is down more than -6% on slightly lower management guidance for full-year net income as lower grain prices and tariff uncertainty are causing some farmers to pull back on equipment purchases. Dow Inc (DOW) is down more than -1% despite a rating hike to neutral from underperform from BofA Global Research due to its view that the stock is oversold. NetEase (NTES) is down more than -2% after a miss on Q2 sales and weaker-than-expected growth in its core gaming segment. CVS Health (CVS) is up nearly +1% on an upgrade from Baird to outperform from neutral due to "growing confidence" in the company's turnaround. Earnings Reports (8/14/2025) Deere & Co (DE), Amcor PLC (AMCR), Tapestry Inc (TPR), Applied Industrial Technologie (AIT), Birkenstock Holding Plc (BIRK), QXO Inc (QXO), Applied Materials Inc (AMAT), Sandisk Corp/DE (SNDK), Globant SA (GLOB), NU Holdings Ltd/Cayman Islands (NU). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
3 minutes ago
- Yahoo
Dillard's Posts Higher Sales, Lower Net Income in Second Quarter
Dillard's Inc. managed to claw its way into a sales increase in the second quarter but didn't have the same luck when it came to net income. In the period ended Aug. 2, the Little Rock, Ark.-based retailer reported that its net income slid to $72.8 million, down from $74.5 million a year earlier. However, earnings per share increased $4.66 from $4.59 as the company bought back its own stock. More from WWD Brooks Sees Double-Digit Global Revenue Growth for Second Consecutive Quarter Skechers Beat Expectations in Q2 as Shoe Firm Continues on Path to Go Private Under Armour Expects Tariffs to Bite, Sees Profits Halving This Year Both total retail sales and comparable-store sales inched up 1 percent to $1.447 billion. The strongest performing categories were juniors' and children's apparel and women's accessories and lingerie while home and furniture turned in the weakest results. 'We were happy to achieve a sales increase for the first time in a while and encouraged by strengthening sales trends in July,' said William T. Dillard 2nd, chief executive officer. 'In an operating environment that changes daily, we focused on controlling inventory, ending up 2 percent compared to 6 percent at the end of first quarter.' Retail gross margin fell slightly to 38.1 percent of sales from 39.1 percent for the same quarter last year. The company said gross margin decreased slightly in men's apparel and accessories and 'significantly' in women's apparel but were essentially unchanged in juniors' and children's apparel, cosmetics, home and furniture. The company does not hold an analyst call and did not offer guidance on sales or earnings projections for the second half. Dillard's operates 272 stores in 30 states, which includes 28 clearance centers. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange
