DIS
Disney (NYSE: DIS) has begun a broad round of layoffs that will result in 1,000 jobs being cut across...
Article Summary
HOLD- Disney (NYSE: DIS) has begun a broad round of layoffs that will result in 1,000 jobs being cut across multiple divisions within the Burbank entertainment giant, including television and movie studios, sports giant ESPN, product and technology units, corporate functions, and marketing, according to a person familiar with the retrenchment but not authorized to comment.
- Chief Executive Josh D'Amaro notified Disney staff members about the looming cuts on Tuesday morning, acknowledging the elimination of roles would be difficult.
- The move follows Disney's announcement in January that it would consolidate Disney's sprawling marketing division, and follows at least 8,000 job cuts erased after predecessor Bob Iger returned for his second stint as CEO in 2022, with Iger determined Disney was cranking out too many TV shows and made-for-streaming movies that didn't live up to high standards of quality and diluted blockbuster franchises.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 3.8% | 25% | 20.0 ptsMinimal (3.8%) - Very weak |
| EPS Growth Next 5Y ? | 11.0% | 25% | 35.0 ptsBelow Screener (11.0%) - Modest outlook |
| Target Price Upside ? | 28.2% | 20% | 75.0 ptsSignificant Upside (28.2%) - Target: $131.62 vs Current: $102.69 |
| Gross Margin % ? | 31.6% | 15% | 40.0 ptsModerate (31.6%) - Adequate margins |
| Drawdown from 52-Wk High ? | -17.6% | 15% | 40.0 ptsMild Pullback (-17.6%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About DIS
- The Walt Disney Company operates as an entertainment company in Americas, Europe, and the Asia Pacific.
- It operates in three segments: Entertainment, Sports, and Experiences.
- The company produces and distributes film and television content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
- It also provides direct-to-consumer streaming services through Disney+, Disney+ Hotstar, and Hulu; sports-related video streaming content through ESPN, ESPN on ABC, ESPN+ DTC, and Star; sale/licensing of film and episodic content to television and video-on-demand services; theatrical, home entertainment, and music distribution services; DVD and Blu-ray discs, electronic home video licenses, and VOD rental services; staging and licensing of live entertainment events; and post-production services.
- In addition, the company operates theme parks and resorts, such as Walt Disney World Resort, Disneyland Resort, Disneyland Paris, Hong Kong Disneyland Resort, Shanghai Disney Resort, Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney, as well as Aulani, a Disney resort and spa in Hawaii.
- Further, it licenses its intellectual property (IP) to a third party that owns and operates Tokyo Disney Resort; licenses trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games; operates a direct-to-home satellite distribution platform; sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines.
- The company was founded in 1923 and is based in Burbank, California.