The Walt Disney (NYSE: DIS) stock price remains stable after positing high double-digit growth in revenues. Its earnings declined sharply from the previous period due to restructuring costs and investments in growth opportunities.
Fortunately, investors are particularly focusing on Disney’s growth prospects instead of earnings.
The Walt Disney stock price is currently trading around $132, down from a 52-weeks high of $147 a share. Analysts believe strong revenue growth along with the potential launch of Disney streaming service is likely to drive the share price higher in the coming days.
High Double-Digit Revenue Growth Supports Bullish Trend
The company has generated significant year over year growth across all business segments. Its consolidated revenue grew 34% year over year in the third quarter. In addition, its key business segments are showing strong momentum.
Media Networks, which is the largest revenue-generating segment, rose 22% year over year to $6.51B. The revenue from Parks, Experiences and Products segment jumped 6% Y/Y to $6.66B while the Studio Entertainment segment increased 52% to $3.31B. Moreover, its Direct-to-Consumer and International revenue enlarged 316% to $3.43B.
Robert A. Iger, Chairman, and Chief Executive Officer says “We’ve spent the last few years completely transforming The Walt Disney Company to focus the resources and immense creativity across the entire company on delivering an extraordinary direct-to-consumer experience, and we’re excited for the launch of Disney+ on November 12.”
Future Fundamentals Are Strengthening The Walt Disney Stock Price Upside
The company claims that they are well set to extend the revenue acceleration trend in the following quarters. They have been investing significantly in growth opportunities to expand the revenue base. The upcoming launch of Disney+ could bring additional revenue for the company.
It has also announced a distribution deal with Amazon. The deal will permit it to carry its content on Fire TV along with LG Electronics and Samsung. The successful completion of a $71 billion 21st Century Fox acquisition indicates that Disney is aggressively exploring growth opportunities. Overall, The Walt Disney stock price is receiving support from several catalysts.
Trusted & Regulated Stock & CFD Brokers
What we like
- 0% Fees on Stocks
- 5000+ Stocks, ETFs and other Markets
- Accepts Paypal Deposits
Min Deposit
$200
Charge per Trade
Zero Commission on real stocks
64 traders signed up today
Visit Now67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Available Assets
- Total Number of Stocks & Shares5000+
- US Stocks
- German Stocks
- UK Stocks
- European
- ETF Stocks
- IPO
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 Zero Commission
- NASDAQ Zero Commission
- DAX Zero Commission
- Facebook Zero Commission
- Alphabet Zero Commission
- Tesla Zero Commission
- Apple Zero Commission
- Microsoft Zero Commission
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
- Paypall
- Skrill
- Neteller
What we like
- Sign up today and get $5 free
- Fractals Available
- Paypal Available
Min Deposit
$0
Charge per Trade
$1 to $9 PCM
Visit Now
Investing in financial markets carries risk, you have the potential to lose your total investment.
Available Assets
- Total Number of Shares999
- US Stocks
- German Stocks
- UK Stocks
- European Stocks
- EFTs
- IPOs
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 $1 - $9 per month
- NASDAQ $1 - $9 per month
- DAX $1 - $9 per month
- Facebook $1 - $9 per month
- Alphabet $1 - $9 per month
- Telsa $1 - $9 per month
- Apple $1 - $9 per month
- Microsoft $1 - $9 per month
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
Share
Siraj Sarwar
