Disney's (DIS, Financial) stock experienced a significant 5% increase, trading at $114.58 per share with a trading volume of 19.11 million shares and a turnover rate of 1.06%. The stock demonstrated a price fluctuation of 3.78%. Recent financial reports indicate that Disney achieved $23.046 billion in operating revenue and $2.621 billion in net profit, resulting in an earnings per share of $1.44 and a gross profit of $7.146 billion. The price-to-earnings ratio stands at 42.10.
Among the 32 institutions rating the stock, 66% recommended a buy, 31% a hold, and 3% a sell. In the entertainment industry sector, which saw an overall decline of 1.66%, stocks like Cineverse Corp., Disney, and Reading International Inc showed notable gains. Cineverse Corp. has a turnover rate of 16.62%, Color Star Technology at 16.53%, and Roku, Inc. at 1.98%. The stocks experiencing the greatest volatility included Anghami Inc C/Wts 03/02/2027, Cineverse Corp., and Kuke Music, with fluctuations of 41.29%, 34.23%, and 17.20%, respectively.
Disney operates three international business segments: Entertainment, Sports, and Experiences. The Entertainment segment includes ABC broadcasting, cable networks, and streaming services like Disney+ and Hulu, and also engages in movie and TV production. The Sports segment covers ESPN and ESPN+ streaming, while the Experiences segment includes Disney parks and resorts.
Disney's recent performance was highlighted in their latest earnings call. The management announced a target for 6-8% profit growth in the Experiences segment by 2025. They acknowledged short-term challenges from hurricanes and the pre-launch costs of the "Treasure" ship affecting the first fiscal quarter of 2025, resulting in negative growth. However, they anticipate recovery in the second quarter with positive growth projected for the full year. Additionally, Disney plans to launch an ESPN channel on Disney+ to enhance their streaming offerings.
