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 Company (DIS - Free Report) came out with its Q4 results after close of trading hours on Nov 8 and delighted investors by beating both earnings and revenue estimates (see: all the Consumer Discretionary ETFs here).
Earnings in Focus
Disney reported earnings of $1.48 per share, beating the Zacks Consensus Estimate by 17 cents and increasing 38.3% from the year-ago quarter. Revenues grew nearly 12% year over year to $14.1 billion and surpassed the Zacks Consensus Estimate of $13.81 billion.
Quarterly revenues shot up 50% year over year on brilliant performances by “Black Panther,” “Star Wars: The Last Jedi,” “Avengers: Infinity War” and “Incredibles 2.” Disney announced in its press release that its streaming service, set to launch next year, will be known by the name Disney+ (read: 5 Sector ETFs to Sizzle on Upbeat October Jobs Data).
Market Impact
Following the earnings announcement, shares of Disney rose about 2% in aftermarket hours. The stock currently has a Zacks Rank #3 (Hold) and belongs to a top-ranked Zacks Industry (top 25%) (read: Can Low Volatility ETFs Protect Your Portfolio?).
ETFs in Focus
The rally in the company’s stocks will spread into the ETF world, especially funds that have the largest allocation to this media and entertainment conglomerate.
Impact Shares Sustainable Development Goals Global Equity ETF
Itis a newly launched ETF (On Sep 24) tracking the Morningstar Societal Development Index measuring the performance of large & mid-capitalization companies globally that display commitment to the Sustainable Development Goals of United Nations. It comprises 138 holdings; Walt Disney occupying the ninth spot with 6.43% weight. Sector wise, technology (22%), healthcare (18%), financials (16%) and consumer staples (15%) have double-digit allocation each. It has amassed $1.9 million since its inception and has an expense ratio of 0.76%.
Invesco Dynamic Leisure and Entertainment ETF (PEJ - Free Report)
The fund tracks the Dynamic Leisure and Entertainment Intellidex Index and comprises 30 holdings. Walt Disney (5.7%) occupies third spot in the fund pool. Sector wise, consumer discretionary (53%), communications (20%) and industrials (16%) have double-digit allocation each. The fund’s AUM is $124.2 million and expense ratio is 0.63%.
Invesco Dynamic Media ETF
The fund tracks the Dynamic Media Intellidex Index comprising 30 U.S. media companies, of which Walt Disney represents 5.4% -- the third highest position. The fund has AUM of $72.6 million and an expense ratio of 0.63%.
The fund tracks the S&P Global Telecommunications Sector Index and comprises 66 holdings. Walt Disney (5.2%) sits at the seventh spot in fund pool. The fund’s AUM is $259.2 million and an expense ratio is 0.47%.
The underlying index is Share BuyBack Achievers Index, comprising U.S. securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months. Sector wise, financials (28.1%), consumer discretionary (18.9%), consumer staples (13.4%), healthcare (11.9%) and communications (11%) have double-digit allocation each. The fund’s AUM is $1.3 billion and has an expense ratio of 0.63%.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Disney Posts Strong Earnings: ETFs to Watch
Walt Disney Company (DIS - Free Report) came out with its Q4 results after close of trading hours on Nov 8 and delighted investors by beating both earnings and revenue estimates (see: all the Consumer Discretionary ETFs here).
Earnings in Focus
Disney reported earnings of $1.48 per share, beating the Zacks Consensus Estimate by 17 cents and increasing 38.3% from the year-ago quarter. Revenues grew nearly 12% year over year to $14.1 billion and surpassed the Zacks Consensus Estimate of $13.81 billion.
Quarterly revenues shot up 50% year over year on brilliant performances by “Black Panther,” “Star Wars: The Last Jedi,” “Avengers: Infinity War” and “Incredibles 2.” Disney announced in its press release that its streaming service, set to launch next year, will be known by the name Disney+ (read: 5 Sector ETFs to Sizzle on Upbeat October Jobs Data).
Market Impact
Following the earnings announcement, shares of Disney rose about 2% in aftermarket hours. The stock currently has a Zacks Rank #3 (Hold) and belongs to a top-ranked Zacks Industry (top 25%) (read: Can Low Volatility ETFs Protect Your Portfolio?).
ETFs in Focus
The rally in the company’s stocks will spread into the ETF world, especially funds that have the largest allocation to this media and entertainment conglomerate.
Impact Shares Sustainable Development Goals Global Equity ETF
Itis a newly launched ETF (On Sep 24) tracking the Morningstar Societal Development Index measuring the performance of large & mid-capitalization companies globally that display commitment to the Sustainable Development Goals of United Nations. It comprises 138 holdings; Walt Disney occupying the ninth spot with 6.43% weight. Sector wise, technology (22%), healthcare (18%), financials (16%) and consumer staples (15%) have double-digit allocation each. It has amassed $1.9 million since its inception and has an expense ratio of 0.76%.
Invesco Dynamic Leisure and Entertainment ETF (PEJ - Free Report)
The fund tracks the Dynamic Leisure and Entertainment Intellidex Index and comprises 30 holdings. Walt Disney (5.7%) occupies third spot in the fund pool. Sector wise, consumer discretionary (53%), communications (20%) and industrials (16%) have double-digit allocation each. The fund’s AUM is $124.2 million and expense ratio is 0.63%.
Invesco Dynamic Media ETF
The fund tracks the Dynamic Media Intellidex Index comprising 30 U.S. media companies, of which Walt Disney represents 5.4% -- the third highest position. The fund has AUM of $72.6 million and an expense ratio of 0.63%.
iShares Global Telecom ETF (IXP - Free Report)
The fund tracks the S&P Global Telecommunications Sector Index and comprises 66 holdings. Walt Disney (5.2%) sits at the seventh spot in fund pool. The fund’s AUM is $259.2 million and an expense ratio is 0.47%.
Invesco BuyBack Achievers ETF (PKW - Free Report)
The underlying index is Share BuyBack Achievers Index, comprising U.S. securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months. Sector wise, financials (28.1%), consumer discretionary (18.9%), consumer staples (13.4%), healthcare (11.9%) and communications (11%) have double-digit allocation each. The fund’s AUM is $1.3 billion and has an expense ratio of 0.63%.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>