Disney's Record-Breaking Earnings Report Sparks Analyst Speculation
The Walt Disney Company's latest quarterly results exceeded expectations, with a 21% increase in earnings per share (EPS) compared to forecasts. Analysts are now forecasting a 3.4% improvement in revenue and a 135% jump in per-share earnings for 2024. Despite a slowdown in revenue growth compared to the industry average, analysts have raised their price targets, indicating improved sentiment around Disney's earnings potential. However, the wide range of analyst price targets suggests uncertainty about the company's future performance.