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Walt Disney (DIS) Stock Sinks As Market Gains: Here's Why
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Walt Disney (DIS - Free Report) ended the recent trading session at $111.85, demonstrating a -1.69% change from the preceding day's closing price. This change lagged the S&P 500's 0.19% gain on the day. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq lost 0.03%.
Shares of the entertainment company have appreciated by 7.87% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 0.12%, and the S&P 500's gain of 0.54%.
The upcoming earnings release of Walt Disney will be of great interest to investors. The company is forecasted to report an EPS of $1.57, showcasing a 10.8% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $26.04 billion, showing a 5.47% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.6 per share and revenue of $101.2 billion. These totals would mark changes of +11.3% and +7.17%, respectively, from last year.
Any recent changes to analyst estimates for Walt Disney should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.41% rise in the Zacks Consensus EPS estimate. At present, Walt Disney boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Walt Disney is at present trading with a Forward P/E ratio of 17.23. This signifies a discount in comparison to the average Forward P/E of 17.38 for its industry.
We can additionally observe that DIS currently boasts a PEG ratio of 1.57. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Media Conglomerates industry had an average PEG ratio of 1.03 as trading concluded yesterday.
The Media Conglomerates industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 179, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Walt Disney (DIS) Stock Sinks As Market Gains: Here's Why
Walt Disney (DIS - Free Report) ended the recent trading session at $111.85, demonstrating a -1.69% change from the preceding day's closing price. This change lagged the S&P 500's 0.19% gain on the day. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq lost 0.03%.
Shares of the entertainment company have appreciated by 7.87% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 0.12%, and the S&P 500's gain of 0.54%.
The upcoming earnings release of Walt Disney will be of great interest to investors. The company is forecasted to report an EPS of $1.57, showcasing a 10.8% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $26.04 billion, showing a 5.47% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.6 per share and revenue of $101.2 billion. These totals would mark changes of +11.3% and +7.17%, respectively, from last year.
Any recent changes to analyst estimates for Walt Disney should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.41% rise in the Zacks Consensus EPS estimate. At present, Walt Disney boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Walt Disney is at present trading with a Forward P/E ratio of 17.23. This signifies a discount in comparison to the average Forward P/E of 17.38 for its industry.
We can additionally observe that DIS currently boasts a PEG ratio of 1.57. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Media Conglomerates industry had an average PEG ratio of 1.03 as trading concluded yesterday.
The Media Conglomerates industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 179, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.