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This entertainment/media company beat analysts’ estimates by $0.12 last quarter, and five analysts have recently increased their EPS forecasts for the company.
The Walt Disney Company (DIS)
From Nate’s Notes
On the one hand, The Walt Disney Company’s (DIS) stock is admittedly a bit lower than where it was when last month’s issue went to press, but, on the other hand, it has also managed to hold above the $126 level, and the longer it is able to do so, the more likely it will become that the stock really has entered a new trading range after gapping up sharply back in April.
I am still quite bullish about the company’s long-term prospects. DIS is a strong buy under $125 and a buy under $140.
Nate Pile, Nate’s Notes, www.NotWallStreet.com, 707-433-7903, October 2019