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Walt Disney (DIS) Stock Moves -0.02%: What You Should Know
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In the latest trading session, Walt Disney (DIS - Free Report) closed at $111.99, marking a -0.02% move from the previous day. This change outpaced the S&P 500's 0.17% loss on the day. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.14%.
Heading into today, shares of the entertainment company had gained 0.68% over the past month, outpacing the Consumer Discretionary sector's loss of 1.32% and lagging the S&P 500's gain of 2.34% in that time.
Investors will be hoping for strength from DIS as it approaches its next earnings release, which is expected to be November 8, 2018. On that day, DIS is projected to report earnings of $1.31 per share, which would represent year-over-year growth of 22.43%. Meanwhile, our latest consensus estimate is calling for revenue of $13.84 billion, up 8.29% from the prior-year quarter.
DIS's full-year Zacks Consensus Estimates are calling for earnings of $6.92 per share and revenue of $58.86 billion. These results would represent year-over-year changes of +21.4% and +6.75%, respectively.
It is also important to note the recent changes to analyst estimates for DIS. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 2.41% lower within the past month. DIS is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that DIS has a Forward P/E ratio of 16.18 right now. This represents a discount compared to its industry's average Forward P/E of 17.12.
We can also see that DIS currently has a PEG ratio of 1.48. 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. Media Conglomerates stocks are, on average, holding a PEG ratio of 1.24 based on yesterday's closing prices.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 198, putting it in the bottom 22% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Walt Disney (DIS) Stock Moves -0.02%: What You Should Know
In the latest trading session, Walt Disney (DIS - Free Report) closed at $111.99, marking a -0.02% move from the previous day. This change outpaced the S&P 500's 0.17% loss on the day. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.14%.
Heading into today, shares of the entertainment company had gained 0.68% over the past month, outpacing the Consumer Discretionary sector's loss of 1.32% and lagging the S&P 500's gain of 2.34% in that time.
Investors will be hoping for strength from DIS as it approaches its next earnings release, which is expected to be November 8, 2018. On that day, DIS is projected to report earnings of $1.31 per share, which would represent year-over-year growth of 22.43%. Meanwhile, our latest consensus estimate is calling for revenue of $13.84 billion, up 8.29% from the prior-year quarter.
DIS's full-year Zacks Consensus Estimates are calling for earnings of $6.92 per share and revenue of $58.86 billion. These results would represent year-over-year changes of +21.4% and +6.75%, respectively.
It is also important to note the recent changes to analyst estimates for DIS. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 2.41% lower within the past month. DIS is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that DIS has a Forward P/E ratio of 16.18 right now. This represents a discount compared to its industry's average Forward P/E of 17.12.
We can also see that DIS currently has a PEG ratio of 1.48. 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. Media Conglomerates stocks are, on average, holding a PEG ratio of 1.24 based on yesterday's closing prices.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 198, putting it in the bottom 22% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.