BUZZ-PREVIEW: Disney seen reporting slightly higher rev in results due before the bell Mon

Reuters
Jan 31
BUZZ-PREVIEW: Disney seen reporting slightly higher rev in results due before the bell Mon

** Shares of Walt Disney DIS.N are up 0.7% on Fri, with the co seen reporting slightly higher rev in its quarterly results, due before the bell on Mon

** The entertainment co is expected to post qtrly rev up at $25.74 bln vs $24.69 bln a yr ago, while adj EPS is seen at $1.57 vs $1.76 a yr ago, per LSEG

** Investors also are waiting for word on a successor to Disney CEO Bob Iger, who plans to retire at the end of 2026

** The co in November missed quarterly rev expectations as cable weakness overshadowed strong growth in streaming and parks businesses

** DIS in December said it is investing $1 bln in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator

** The median 12-mo PT on the DIS is $135; the stock last at $112.39

** Of 33 analysts covering the co, 26 rate it 'buy' or 'strong buy', six 'hold' and one 'sell'

** Shares recently at 16x fwd earnings, a discount to its five-yr avg PE of 24x, per LSEG data

** DIS's stock has dipped about 1% YTD, underperforming the Dow Jones industrial average's .DJI 1.6% rise

(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@thomsonreuters.com))

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