Disney's Earnings Forecast Gets a Magical Boost
Erste Group Bank has increased its forecast for Walt Disney's (NYSE:DIS) earnings per share (EPS) in fiscal year 2027. Analyst S. Lingnau now predicts EPS of $7.49, up from a previous estimate of $7.48. This revised prediction is higher than the current consensus estimate of $6.91.
The updated forecast comes after Disney reported strong quarterly earnings data on August 5th. The entertainment giant earned $2.06 per share, beating analysts' expectations by $0.20. Revenue for the quarter was $25.25 billion, a 6.8% increase from the same period last year.
Disney's guidance for fiscal year 2026 is set at $6.642 EPS. Institutional investors have been increasing their stakes in Disney, with Franklin Resources Inc. purchasing an additional 1,924,200 shares during the fourth quarter.