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Walt Disney (DIS) Gains As Market Dips: What You Should Know
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In the latest trading session, Walt Disney (DIS - Free Report) closed at $83.10, marking a +0.54% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.17% for the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq increased by 0.27%.
The the stock of entertainment company has risen by 1.72% in the past month, leading the Consumer Discretionary sector's loss of 5.37% and the S&P 500's loss of 3.95%.
Analysts and investors alike will be keeping a close eye on the performance of Walt Disney in its upcoming earnings disclosure. The company's earnings report is set to go public on November 8, 2023. The company is forecasted to report an EPS of $0.70, showcasing a 133.33% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $21.32 billion, indicating a 5.78% increase compared to the same quarter of the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Walt Disney. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 5.46% lower within the past month. Walt Disney currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Walt Disney is presently being traded at a Forward P/E ratio of 16.86. Its industry sports an average Forward P/E of 26.38, so one might conclude that Walt Disney is trading at a discount comparatively.
It is also worth noting that DIS currently has a PEG ratio of 1.25. 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. The Media Conglomerates industry had an average PEG ratio of 1.46 as trading concluded yesterday.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 225, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Walt Disney (DIS) Gains As Market Dips: What You Should Know
In the latest trading session, Walt Disney (DIS - Free Report) closed at $83.10, marking a +0.54% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.17% for the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq increased by 0.27%.
The the stock of entertainment company has risen by 1.72% in the past month, leading the Consumer Discretionary sector's loss of 5.37% and the S&P 500's loss of 3.95%.
Analysts and investors alike will be keeping a close eye on the performance of Walt Disney in its upcoming earnings disclosure. The company's earnings report is set to go public on November 8, 2023. The company is forecasted to report an EPS of $0.70, showcasing a 133.33% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $21.32 billion, indicating a 5.78% increase compared to the same quarter of the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Walt Disney. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 5.46% lower within the past month. Walt Disney currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Walt Disney is presently being traded at a Forward P/E ratio of 16.86. Its industry sports an average Forward P/E of 26.38, so one might conclude that Walt Disney is trading at a discount comparatively.
It is also worth noting that DIS currently has a PEG ratio of 1.25. 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. The Media Conglomerates industry had an average PEG ratio of 1.46 as trading concluded yesterday.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 225, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.