Disney Stock Slips 2.12% Amid Market Volatility Ahead of Earnings
Walt Disney Co. shares fell sharply in Thursday's session, dropping 2.12% to $116.59 as the broader market retreated. The decline outpaced losses in major indices, with the S&P 500 down 1.6% and Nasdaq falling 2.24%.
Investors appear cautious ahead of Disney's August 6 earnings release, though analysts maintain bullish projections. The company is expected to report EPS growth of 5.76% year-over-year, with revenue climbing 2.23% to $23.67 billion.
Full-year estimates remain optimistic, forecasting 16.3% EPS growth and 4% revenue expansion. Market watchers will scrutinize Disney's performance metrics for signs of resilience amid current economic headwinds.