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DIS / Disney linear networks segment headwinds to drag on 4Q earnings

Analysts at UBS have lowered their price target on The Walt Disney Company (NYSE:DIS) stock to US$110 as they expect the company's upcoming fourth quarter fiscal 2023 results to reflect continued pressure on the company's Linear segment, which includes cable and broadcast channels such as ESPN, Disney Channel, Disney Junior and ABC. They expect the company to return earnings per share (EPS) of $4.82 in fiscal 2024, down from their earlier expectation of EPS of $5.46 on continued headwinds in Linear and a higher minority interest drag from growth in international parks. Read More

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Content Topics

Disney

Linear

Networks

Segment

Headwinds

Drag

Earnings

Stock

DIS

Posted: Oct 17 2023, 15:10

Author Name: Proactive Investors

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