We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Walt Disney (DIS) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Walt Disney (DIS - Free Report) closed at $106.54 in the latest trading session, marking a +0.56% move from the prior day. This move outpaced the S&P 500's daily loss of 0.75%. At the same time, the Dow lost 0.39%, and the tech-heavy Nasdaq gained 0.13%.
Heading into today, shares of the entertainment company had gained 12.32% over the past month, outpacing the Consumer Discretionary sector's gain of 4.1% and the S&P 500's gain of 4.98% in that time.
Walt Disney will be looking to display strength as it nears its next earnings release, which is expected to be November 8, 2022. The company is expected to report EPS of $0.57, up 54.05% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.11 billion, up 13.92% from the year-ago period.
Any recent changes to analyst estimates for Walt Disney should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.98% lower within the past month. Walt Disney currently has a Zacks Rank of #3 (Hold).
Investors should also note Walt Disney's current valuation metrics, including its Forward P/E ratio of 20.9. This valuation marks a premium compared to its industry's average Forward P/E of 20.31.
It is also worth noting that DIS currently has a PEG ratio of 1.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Media Conglomerates industry currently had an average PEG ratio of 1.05 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 65, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Walt Disney (DIS) Gains As Market Dips: What You Should Know
Walt Disney (DIS - Free Report) closed at $106.54 in the latest trading session, marking a +0.56% move from the prior day. This move outpaced the S&P 500's daily loss of 0.75%. At the same time, the Dow lost 0.39%, and the tech-heavy Nasdaq gained 0.13%.
Heading into today, shares of the entertainment company had gained 12.32% over the past month, outpacing the Consumer Discretionary sector's gain of 4.1% and the S&P 500's gain of 4.98% in that time.
Walt Disney will be looking to display strength as it nears its next earnings release, which is expected to be November 8, 2022. The company is expected to report EPS of $0.57, up 54.05% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.11 billion, up 13.92% from the year-ago period.
Any recent changes to analyst estimates for Walt Disney should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.98% lower within the past month. Walt Disney currently has a Zacks Rank of #3 (Hold).
Investors should also note Walt Disney's current valuation metrics, including its Forward P/E ratio of 20.9. This valuation marks a premium compared to its industry's average Forward P/E of 20.31.
It is also worth noting that DIS currently has a PEG ratio of 1.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Media Conglomerates industry currently had an average PEG ratio of 1.05 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 65, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.