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Investing.com - JPMorgan has raised its price target on Walt Disney (NYSE:DIS) to $138.00 from $130.00 while maintaining an Overweight rating ahead of the company’s fiscal third-quarter earnings report. Currently trading at $120.07, Disney has shown strong momentum with a 31.78% return over the past year. According to InvestingPro data, seven analysts have recently revised their earnings estimates upward for the upcoming period.
The firm updated its Disney estimates, increasing its segment operating income forecast for the third quarter by 1% to $4.56 billion, citing a shift of some Linear Networks expenses to the fourth quarter.
For the full fiscal year 2025, JPMorgan slightly reduced its segment operating income projection to $17.8 billion, representing a 14% year-over-year increase, due to lower contribution from the Consumer Products, Services & Experiences segment.
JPMorgan now forecasts earnings per share of $1.46 for Disney’s fiscal third quarter and $5.80 for the full fiscal year 2025.
The investment bank indicated it has refreshed its financial model for Disney and plans to provide a detailed analysis of each business segment ahead of the upcoming earnings release.
In other recent news, the National Football League (NFL) is reportedly in discussions to acquire a 10% stake in ESPN. This potential agreement would involve the NFL exchanging some of its NFL Media assets for the ownership stake in the sports network. If the deal goes through, ESPN would gain full ownership of NFL Network and NFL RedZone, connecting two major sports brands. Meanwhile, Netflix Inc. (NASDAQ:NFLX) has started using artificial intelligence video generation tools from startup Runway AI for its content production operations. This move into AI technology has raised concerns among Hollywood professionals about its potential impact on industry jobs. In the financial sector, Wells Fargo (NYSE:WFC) has maintained its Overweight rating on IMAX (NYSE:IMAX) Corporation, despite adjusting its third-quarter estimates downward. However, the firm slightly increased its fourth-quarter projections. Additionally, MoffettNathanson raised its price target on Walt Disney to $140 from $130, maintaining a Buy rating, as analysts focus on Disney’s Parks and Direct-to-Consumer business potential.
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