11:12 AM EST, 11/14/2025 (MT Newswires) -- Walt Disney's ( DIS ) guidance of double-digit adjusted earnings per share growth in fiscal 2026 was "essentially" in-line with expectations, BofA Securities said in a Thursday note.

But BofA said the outlook appears to be H2 weighted as Q1 will be impacted by various headwinds, including cruise preopening costs, difficult theatrical comps, political advertising comps, and blackout on YouTube TV.

Valuation looks attractive, with shares trading at a discount to the S&P 500 relative to its historical premium, according to the note.

BofA now expects fiscal 2026 EPS of $6.65 from $6.48 earlier, on revenue of $99.2 billion from $99.8 billion earlier. For fiscal 2027, the brokerage said it expects EPS of $7.29 from $7.18 previously.

The brokerage said it reiterated its buy rating on the stock and the $140 price objective.

Price: 106.80, Change: -0.81, Percent Change: -0.76