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Walt Disney (DIS) Gains As Market Dips: What You Should Know
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Walt Disney (DIS - Free Report) ended the recent trading session at $105.57, demonstrating a +2.03% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The stock of entertainment company has fallen by 5.63% in the past month, leading the Consumer Discretionary sector's loss of 8.67% and undershooting the S&P 500's gain of 0.53%.
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%. Meanwhile, our latest consensus estimate is calling for revenue of $24.95 billion, up 11.08% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $101.38 billion. These totals would mark changes of +16.53% and +7.36%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Walt Disney. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.33% increase. Right now, Walt Disney possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Walt Disney is at present trading with a Forward P/E ratio of 14.98. This indicates a premium in contrast to its industry's Forward P/E of 14.41.
We can also see that DIS currently has a PEG ratio of 1.29. 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 average PEG ratio for the Media Conglomerates industry stood at 1.12 at the close of the market yesterday.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 185, finds itself in the bottom 25% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Walt Disney (DIS) Gains As Market Dips: What You Should Know
Walt Disney (DIS - Free Report) ended the recent trading session at $105.57, demonstrating a +2.03% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The stock of entertainment company has fallen by 5.63% in the past month, leading the Consumer Discretionary sector's loss of 8.67% and undershooting the S&P 500's gain of 0.53%.
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%. Meanwhile, our latest consensus estimate is calling for revenue of $24.95 billion, up 11.08% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $101.38 billion. These totals would mark changes of +16.53% and +7.36%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Walt Disney. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.33% increase. Right now, Walt Disney possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Walt Disney is at present trading with a Forward P/E ratio of 14.98. This indicates a premium in contrast to its industry's Forward P/E of 14.41.
We can also see that DIS currently has a PEG ratio of 1.29. 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 average PEG ratio for the Media Conglomerates industry stood at 1.12 at the close of the market yesterday.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 185, finds itself in the bottom 25% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.