DIS

In the past six months (April 2026 - October 2026), Disney initiated multiple rounds of layoffs, eliminating approximately 1,000 positions in April, several hundred more in July across various businesses, and hundreds more in October in human resources and technology as part of ongoing cost-cutting and restructuring efforts. The share price declined by 6.38% between October 2025 and October 2026, with a 4.00% decrease over the last 12 months and a year-to-date return of -5.65%, though it increased by 2.16% in the month leading up to October 2026. Analysts reiterated 'Outperform' or 'Buy' ratings, with price targets ranging from $119 to $140 in October 2026. Analysts anticipate strong performance in Disney's streaming business and higher revenue from theme parks for the second half of 2026, projecting a 51.35% increase in EPS and a 12.58% increase in revenue for the upcoming quarter, with full fiscal year 2026 earnings expected to grow by 17%. In August 2026, the company announced it would move the majority of its Consumer Products division from Disney Experiences to Disney Entertainment Studios, effective October 2026, to better align with creative teams. Raymond James reduced its International Parks revenue estimate due to continued consumer weakness in China impacting Hong Kong and Shanghai parks.