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Walt Disney (DIS) Suffers a Larger Drop Than the General Market: Key Insights
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Walt Disney (DIS - Free Report) closed at $102.45 in the latest trading session, marking a -1.39% move from the prior day. This change lagged the S&P 500's 0.37% loss on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.
Shares of the entertainment company witnessed a gain of 0.86% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 1.15%, and the S&P 500's gain of 2.02%.
The investment community will be paying close attention to the earnings performance of Walt Disney in its upcoming release. It is anticipated that the company will report an EPS of $1.88, marking a 16.77% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $25.47 billion, indicating a 7.7% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.85 per share and a revenue of $101.81 billion, demonstrating changes of +15.51% and +7.82%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Walt Disney. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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, there's been a 0.01% rise in the Zacks Consensus EPS estimate. Currently, Walt Disney is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Walt Disney has a Forward P/E ratio of 15.16 right now. Its industry sports an average Forward P/E of 16.17, so one might conclude that Walt Disney is trading at a discount comparatively.
One should further note that DIS currently holds a PEG ratio of 1.31. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Media Conglomerates stocks are, on average, holding a PEG ratio of 0.66 based on yesterday's closing prices.
The Media Conglomerates industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 85, placing it within the top 35% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
View the Zacks #1 Rank List
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Walt Disney (DIS) Suffers a Larger Drop Than the General Market: Key Insights
Walt Disney (DIS - Free Report) closed at $102.45 in the latest trading session, marking a -1.39% move from the prior day. This change lagged the S&P 500's 0.37% loss on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.
Shares of the entertainment company witnessed a gain of 0.86% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 1.15%, and the S&P 500's gain of 2.02%.
The investment community will be paying close attention to the earnings performance of Walt Disney in its upcoming release. It is anticipated that the company will report an EPS of $1.88, marking a 16.77% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $25.47 billion, indicating a 7.7% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.85 per share and a revenue of $101.81 billion, demonstrating changes of +15.51% and +7.82%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Walt Disney. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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, there's been a 0.01% rise in the Zacks Consensus EPS estimate. Currently, Walt Disney is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Walt Disney has a Forward P/E ratio of 15.16 right now. Its industry sports an average Forward P/E of 16.17, so one might conclude that Walt Disney is trading at a discount comparatively.
One should further note that DIS currently holds a PEG ratio of 1.31. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Media Conglomerates stocks are, on average, holding a PEG ratio of 0.66 based on yesterday's closing prices.
The Media Conglomerates industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 85, placing it within the top 35% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.