Walt Disney (NYSE:DIS) Issues FY 2026 Earnings Guidance

Key Points

• Walt Disney set FY 2026 EPS guidance at 6.640 (a hair above the consensus of 6.63) but did not provide revenue guidance for the year.
• The company reported a Q2 beat with adjusted EPS of $1.57 and revenue of $25.17B, and management flagged accelerating growth in H2 with a mid‑teens EPS growth outlook while confirming international park projects like Abu Dhabi.
• Analyst sentiment is broadly positive—17 Buys vs. 5 Holds and 1 Sell—with a consensus price target of $133.53; the stock trades around $107.97 with a PE of 15.85.

Walt Disney (NYSE:DIS - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.640-6.640 for the period, compared to the consensus earnings per share estimate of 6.630. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their target price on Walt Disney from $150.00 to $148.00 and set an "overweight" rating on the stock in a research note on Friday, March 27th. Barclays reduced their target price on shares of Walt Disney from $140.00 to $130.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, March 31st. Guggenheim cut their target price on Walt Disney from $140.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, March 18th. Finally, Weiss Ratings raised Walt Disney from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, April 29th. Seventeen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $133.53.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $107.97 on Wednesday. The company has a market capitalization of $191.27 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.41. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a fifty day moving average of $100.75 and a 200-day moving average of $106.65. Walt Disney has a one year low of $92.18 and a one year high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 6th. The entertainment giant reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.08. Walt Disney had a return on equity of 8.90% and a net margin of 12.80%.The business had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $24.87 billion. During the same period in the previous year, the firm posted $1.45 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. Walt Disney has set its FY 2026 guidance at 6.640-6.640 EPS. As a group, equities analysts anticipate that Walt Disney will post 6.61 EPS for the current fiscal year.

Key Headlines Impacting Walt Disney

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Q2 results topped estimates — adjusted EPS $1.57 vs. $1.49 expected and revenue of ~$25.2B, driven by streaming and parks strength; market sees this as validation of the new CEO’s early strategy. Disney earnings beat estimates as new CEO outlines growth strategy
• Positive Sentiment: Management flagged accelerating growth in the back half of the fiscal year and forecasted mid-teens-ish EPS growth for the year (MarketWatch noted a ~12% EPS growth outlook), which supports a more constructive medium‑term earnings outlook. Disney's stock rises as earnings signal that the theme-park business is healthy
• Positive Sentiment: Disney confirmed its Abu Dhabi theme-park plans remain on track, supporting long‑term international growth and capital deployment visibility. Disney Confirms Abu Dhabi Theme Park Plans “Unchanged”
• Neutral Sentiment: Company and market commentary point to resilient consumer spending (travel, dining, parks) sustaining demand, a macro factor that helps DIS but is outside company control. Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging
• Neutral Sentiment: Corporate cost moves: D’Amaro has already initiated ~1,000 layoffs aimed at consolidating marketing and cutting costs — potentially margin-accretive but with reputational/operational tradeoffs. Disney's New CEO Starts With Job Cuts And A Corporate Reputation To Rebuild
• Negative Sentiment: Some soft spots remain: US park attendance showed pockets of weakness even as revenue held steady, which could limit upside if trends continue. Disney Q2 earnings beat, but US park attendance dips in first report under new CEO Josh D'Amaro
• Negative Sentiment: Analysts warn of margin pressure from higher sports rights and Experiences segment costs even as streaming profitability improves — a potential headwind to sustained margin expansion. Disney Stock Before Q2 Earnings: Buy Now Or Wait For Results?

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Keebeck Wealth Management lifted its position in shares of Walt Disney by 3.8% in the 3rd quarter. Keebeck Wealth Management now owns 2,808 shares of the entertainment giant's stock valued at $322,000 after acquiring an additional 102 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its holdings in shares of Walt Disney by 1.0% in the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 10,236 shares of the entertainment giant's stock valued at $1,172,000 after purchasing an additional 105 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Walt Disney by 0.4% in the fourth quarter. Meeder Advisory Services Inc. now owns 26,828 shares of the entertainment giant's stock worth $3,052,000 after buying an additional 105 shares during the period. ANB Bank grew its holdings in shares of Walt Disney by 0.7% during the fourth quarter. ANB Bank now owns 14,740 shares of the entertainment giant's stock valued at $1,677,000 after buying an additional 107 shares in the last quarter. Finally, Haven Private LLC raised its position in Walt Disney by 2.9% during the fourth quarter. Haven Private LLC now owns 3,964 shares of the entertainment giant's stock valued at $451,000 after buying an additional 110 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

About Walt Disney

The Walt Disney Company NYSE: DIS, commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney's operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.

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