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Walt Disney (DIS) Stock Moves -0.66%: What You Should Know
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In the latest trading session, Walt Disney (DIS - Free Report) closed at $115.42, marking a -0.66% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.66%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 3.03%.
Coming into today, shares of the entertainment company had gained 0.01% in the past month. In that same time, the Consumer Discretionary sector lost 4.04%, while the S&P 500 lost 2.43%.
DIS will be looking to display strength as it nears its next earnings release, which is expected to be February 5, 2019. The company is expected to report EPS of $1.70, down 10.05% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.38 billion, up 0.2% from the year-ago period.
DIS's full-year Zacks Consensus Estimates are calling for earnings of $7.08 per share and revenue of $60.43 billion. These results would represent year-over-year changes of 0% and +1.68%, respectively.
Any recent changes to analyst estimates for DIS should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.39% lower. DIS is currently a Zacks Rank #3 (Hold).
Investors should also note DIS's current valuation metrics, including its Forward P/E ratio of 16.41. Its industry sports an average Forward P/E of 11.93, so we one might conclude that DIS is trading at a premium comparatively.
Also, we should mention that DIS has a PEG ratio of 1.74. 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 1.44 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 108, which puts it in the top 42% 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 -0.66%: What You Should Know
In the latest trading session, Walt Disney (DIS - Free Report) closed at $115.42, marking a -0.66% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.66%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 3.03%.
Coming into today, shares of the entertainment company had gained 0.01% in the past month. In that same time, the Consumer Discretionary sector lost 4.04%, while the S&P 500 lost 2.43%.
DIS will be looking to display strength as it nears its next earnings release, which is expected to be February 5, 2019. The company is expected to report EPS of $1.70, down 10.05% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.38 billion, up 0.2% from the year-ago period.
DIS's full-year Zacks Consensus Estimates are calling for earnings of $7.08 per share and revenue of $60.43 billion. These results would represent year-over-year changes of 0% and +1.68%, respectively.
Any recent changes to analyst estimates for DIS should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.39% lower. DIS is currently a Zacks Rank #3 (Hold).
Investors should also note DIS's current valuation metrics, including its Forward P/E ratio of 16.41. Its industry sports an average Forward P/E of 11.93, so we one might conclude that DIS is trading at a premium comparatively.
Also, we should mention that DIS has a PEG ratio of 1.74. 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 1.44 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 108, which puts it in the top 42% 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.