Media conglomerate Disney (DIS - Free Report) is set to report fiscal Q3 results Wednesday after the closing bell. Disney, a Zacks Rank #3 (Hold), has missed earnings estimates in two of the past three quarters. With analyst estimates coming down recently, is this market leader a buy heading into the earnings announcement?
Shares of DIS have fallen about 30% since the beginning of the year. Analysts are expecting the company to post quarterly EPS of $0.94 per share, which would translate to growth of 17.5% versus the same quarter last year. Disney boasts a trailing four-quarter average earnings surprise of 22.2%. Analyst estimates have declined -13% in the past 60 days.
DIS is part of the Zacks Media Conglomerates industry, which ranks in the top 19% out of approximately 250 industry groups. Yet the entertainment giant is still overvalued relative to its industry group. More weakness may lie ahead if the company fails to impress on its quarterly results.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
Media conglomerate Disney (DIS - Free Report) is set to report fiscal Q3 results Wednesday after the closing bell. Disney, a Zacks Rank #3 (Hold), has missed earnings estimates in two of the past three quarters. With analyst estimates coming down recently, is this market leader a buy heading into the earnings announcement?
Shares of DIS have fallen about 30% since the beginning of the year. Analysts are expecting the company to post quarterly EPS of $0.94 per share, which would translate to growth of 17.5% versus the same quarter last year. Disney boasts a trailing four-quarter average earnings surprise of 22.2%. Analyst estimates have declined -13% in the past 60 days.
DIS is part of the Zacks Media Conglomerates industry, which ranks in the top 19% out of approximately 250 industry groups. Yet the entertainment giant is still overvalued relative to its industry group. More weakness may lie ahead if the company fails to impress on its quarterly results.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
Get the latest research report on DIS - FREE