Disney Projects Higher Earnings, Doubles Buyback Target For 2026: Why Is The Stock Falling Today?
Synopsis
Disney posted $22.5 billion in revenue for the fourth quarter, falling short of the analysts’ consensus estimate of $22.78 billion.
- Disney announced that it is doubling its share repurchase target to $7 billion for 2026.
- The company declared a cash dividend of $1.50 per share, payable in two installments.
Walt Disney Co. (DIS) announced on Thursday that the company anticipates double-digit growth in adjusted earnings per share for fiscal 2026, and highlighted that it is doubling its share repurchase target to $7 billion.
Additionally, the company declared a cash dividend of $1.50 per share, payable in two installments of $0.75 per share, on Jan. 15, 2026, and Jul. 22, 2026.
Fourth-Quarter Performance
Disney posted $22.5 billion in revenue for the quarter, marking flat growth compared with the same period last year, while earnings per share (EPS) nearly tripled year-on-year (YoY) to $0.73.
While revenue fell short of the analysts’ consensus estimate of $22.78 billion, EPS exceeded the estimate of $1.02, according to Fiscal AI data.
Following the Q3 earnings result, Walt Disney’s stock traded over 3% lower in Thursday’s premarket. On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory. Message volume improved to ‘extremely high’ from ‘high’ levels in 24 hours.
Get updates to this developing story directly on Stocktwits.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.