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Walt Disney (DIS) Stock Moves -0.04%: What You Should Know
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Walt Disney (DIS - Free Report) closed the most recent trading day at $113.14, moving -0.04% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.66%. Meanwhile, the Dow lost 0.99%, and the Nasdaq, a tech-heavy index, lost 1.63%.
Prior to today's trading, shares of the entertainment company had lost 2.46% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 10.89% and the S&P 500's loss of 8.1% 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%. Our most recent consensus estimate is calling for quarterly revenue of $13.81 billion, up 8.05% from the year-ago period.
It is also important to note the recent changes to analyst estimates for DIS. These recent revisions tend to reflect the evolving nature of short-term business trends. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. DIS currently has a Zacks Rank of #3 (Hold).
In terms of valuation, DIS is currently trading at a Forward P/E ratio of 15.6. This represents a premium compared to its industry's average Forward P/E of 11.19.
Meanwhile, DIS's PEG ratio is currently 1.43. 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 1.24 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 53, which puts it in the top 21% 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.
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 -0.04%: What You Should Know
Walt Disney (DIS - Free Report) closed the most recent trading day at $113.14, moving -0.04% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.66%. Meanwhile, the Dow lost 0.99%, and the Nasdaq, a tech-heavy index, lost 1.63%.
Prior to today's trading, shares of the entertainment company had lost 2.46% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 10.89% and the S&P 500's loss of 8.1% 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%. Our most recent consensus estimate is calling for quarterly revenue of $13.81 billion, up 8.05% from the year-ago period.
It is also important to note the recent changes to analyst estimates for DIS. These recent revisions tend to reflect the evolving nature of short-term business trends. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. DIS currently has a Zacks Rank of #3 (Hold).
In terms of valuation, DIS is currently trading at a Forward P/E ratio of 15.6. This represents a premium compared to its industry's average Forward P/E of 11.19.
Meanwhile, DIS's PEG ratio is currently 1.43. 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 1.24 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 53, which puts it in the top 21% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.