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Walt Disney (DIS) Stock Moves -1.1%: What You Should Know
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Walt Disney (DIS - Free Report) closed the most recent trading day at $116.70, moving -1.1% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.97%. At the same time, the Dow lost 2.32%, and the tech-heavy Nasdaq lost 2.78%.
Prior to today's trading, shares of the entertainment company had gained 6.16% over the past month. This has outpaced the Consumer Discretionary sector's loss of 4.16% and the S&P 500's loss of 3.33% in that time.
Wall Street will be looking for positivity from DIS as it approaches its next earnings report date. This is expected to be February 5, 2019. The company is expected to report EPS of $1.74, down 7.94% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.64 billion, up 1.86% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.21 per share and revenue of $60.49 billion, which would represent changes of +1.84% and +1.77%, respectively, from the prior year.
Any recent changes to analyst estimates for DIS should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 0.09% lower. DIS is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, DIS is currently trading at a Forward P/E ratio of 16.36. This valuation marks a premium compared to its industry's average Forward P/E of 11.81.
Meanwhile, DIS's PEG ratio is currently 1.5. 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. DIS's industry had an average PEG ratio of 1.31 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 120, putting it in the top 47% 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.
To follow DIS in the coming trading sessions, be sure to utilize Zacks.com.
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Walt Disney (DIS) Stock Moves -1.1%: What You Should Know
Walt Disney (DIS - Free Report) closed the most recent trading day at $116.70, moving -1.1% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.97%. At the same time, the Dow lost 2.32%, and the tech-heavy Nasdaq lost 2.78%.
Prior to today's trading, shares of the entertainment company had gained 6.16% over the past month. This has outpaced the Consumer Discretionary sector's loss of 4.16% and the S&P 500's loss of 3.33% in that time.
Wall Street will be looking for positivity from DIS as it approaches its next earnings report date. This is expected to be February 5, 2019. The company is expected to report EPS of $1.74, down 7.94% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.64 billion, up 1.86% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.21 per share and revenue of $60.49 billion, which would represent changes of +1.84% and +1.77%, respectively, from the prior year.
Any recent changes to analyst estimates for DIS should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 0.09% lower. DIS is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, DIS is currently trading at a Forward P/E ratio of 16.36. This valuation marks a premium compared to its industry's average Forward P/E of 11.81.
Meanwhile, DIS's PEG ratio is currently 1.5. 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. DIS's industry had an average PEG ratio of 1.31 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 120, putting it in the top 47% 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.
To follow DIS in the coming trading sessions, be sure to utilize Zacks.com.