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Walt Disney (DIS) Gains But Lags Market: What You Should Know
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Walt Disney (DIS - Free Report) closed at $94.34 in the latest trading session, marking a +0.06% move from the prior day. This move lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.2%.
Prior to today's trading, shares of the entertainment company had lost 8.59% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 9.41% and lagged the S&P 500's loss of 8.32% in that time.
Walt Disney will be looking to display strength as it nears its next earnings release. In that report, analysts expect Walt Disney to post earnings of $1.06 per share. This would mark year-over-year growth of 32.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.3 billion, up 25.15% from the year-ago period.
DIS's full-year Zacks Consensus Estimates are calling for earnings of $4.03 per share and revenue of $84.77 billion. These results would represent year-over-year changes of +75.98% and +25.73%, respectively.
Investors should also note any recent changes to analyst estimates for Walt Disney. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.46% lower. Walt Disney is currently a Zacks Rank #5 (Strong Sell).
Investors should also note Walt Disney's current valuation metrics, including its Forward P/E ratio of 23.41. This valuation marks a premium compared to its industry's average Forward P/E of 20.61.
Meanwhile, DIS's PEG ratio is currently 1.1. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Media Conglomerates industry currently had an average PEG ratio of 1.28 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 241, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Walt Disney (DIS) Gains But Lags Market: What You Should Know
Walt Disney (DIS - Free Report) closed at $94.34 in the latest trading session, marking a +0.06% move from the prior day. This move lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.2%.
Prior to today's trading, shares of the entertainment company had lost 8.59% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 9.41% and lagged the S&P 500's loss of 8.32% in that time.
Walt Disney will be looking to display strength as it nears its next earnings release. In that report, analysts expect Walt Disney to post earnings of $1.06 per share. This would mark year-over-year growth of 32.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.3 billion, up 25.15% from the year-ago period.
DIS's full-year Zacks Consensus Estimates are calling for earnings of $4.03 per share and revenue of $84.77 billion. These results would represent year-over-year changes of +75.98% and +25.73%, respectively.
Investors should also note any recent changes to analyst estimates for Walt Disney. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.46% lower. Walt Disney is currently a Zacks Rank #5 (Strong Sell).
Investors should also note Walt Disney's current valuation metrics, including its Forward P/E ratio of 23.41. This valuation marks a premium compared to its industry's average Forward P/E of 20.61.
Meanwhile, DIS's PEG ratio is currently 1.1. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Media Conglomerates industry currently had an average PEG ratio of 1.28 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 241, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.