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Disney should trade higher on better-than-expected guidance, says Goldman Sachs

Goldman Sachs analyst Michael Ng notes that Disney’s (DIS) fiscal Q4 EPS of $1.14 beat consensus of $1.11, but missed the firm’s estimate of $1.16. Disney+ Core net adds beat at 4.4M, rising to 122.7M, and the company provided guidance for FY25, as well as FY26 and FY27 outlooks for EPS and segment profit growth, that were better than expected, the analyst tells investors. Goldman, which argues that shares should trade higher on the better-than-expected FY25 guidance and FY26 guidance that suggests about $6 in EPS, has a Buy rating and 12-month price target of $125 on Disney shares.

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