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Walt Disney (DIS) Stock Dips While Market Gains: Key Facts
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In the latest close session, Walt Disney (DIS - Free Report) was down 2.78% at $102.42. This move lagged the S&P 500's daily gain of 0.17%. Meanwhile, the Dow lost 0.18%, and the Nasdaq, a tech-heavy index, added 0.4%.
Heading into today, shares of the entertainment company had lost 1.84% over the past month, outpacing the Consumer Discretionary sector's loss of 5.4% and lagging the S&P 500's loss of 1.29%.
The investment community will be paying close attention to the earnings performance of Walt Disney in its upcoming release. On that day, Walt Disney is projected to report earnings of $1.66 per share, which would represent year-over-year growth of 49.55%. In the meantime, our current consensus estimate forecasts the revenue to be $24.95 billion, indicating a 11.08% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.91 per share and a revenue of $101.38 billion, representing changes of +16.53% and +7.36%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Walt Disney. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, the Zacks Consensus EPS estimate has shifted 0.33% upward. As of now, Walt Disney holds a Zacks Rank of #3 (Hold).
Looking at valuation, Walt Disney is presently trading at a Forward P/E ratio of 15.25. This indicates a premium in contrast to its industry's Forward P/E of 14.67.
It's also important to note that DIS currently trades at a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Media Conglomerates industry had an average PEG ratio of 1.15.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 35% of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Walt Disney (DIS) Stock Dips While Market Gains: Key Facts
In the latest close session, Walt Disney (DIS - Free Report) was down 2.78% at $102.42. This move lagged the S&P 500's daily gain of 0.17%. Meanwhile, the Dow lost 0.18%, and the Nasdaq, a tech-heavy index, added 0.4%.
Heading into today, shares of the entertainment company had lost 1.84% over the past month, outpacing the Consumer Discretionary sector's loss of 5.4% and lagging the S&P 500's loss of 1.29%.
The investment community will be paying close attention to the earnings performance of Walt Disney in its upcoming release. On that day, Walt Disney is projected to report earnings of $1.66 per share, which would represent year-over-year growth of 49.55%. In the meantime, our current consensus estimate forecasts the revenue to be $24.95 billion, indicating a 11.08% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.91 per share and a revenue of $101.38 billion, representing changes of +16.53% and +7.36%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Walt Disney. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, the Zacks Consensus EPS estimate has shifted 0.33% upward. As of now, Walt Disney holds a Zacks Rank of #3 (Hold).
Looking at valuation, Walt Disney is presently trading at a Forward P/E ratio of 15.25. This indicates a premium in contrast to its industry's Forward P/E of 14.67.
It's also important to note that DIS currently trades at a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Media Conglomerates industry had an average PEG ratio of 1.15.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 35% of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.