We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Walt Disney (DIS) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
Walt Disney (DIS - Free Report) closed at $101.33 in the latest trading session, marking a -3.4% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.2% for the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The entertainment company's shares have seen a decrease of 2.85% over the last month, surpassing the Consumer Discretionary sector's loss of 6.95% and falling behind the S&P 500's loss of 0.35%.
The investment community will be closely monitoring the performance of Walt Disney in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.66, marking a 49.55% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $24.95 billion, up 11.08% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.93 per share and a revenue of $101.63 billion, signifying shifts of +16.86% and +7.63%, respectively, from the last year.
Any recent changes to analyst estimates for Walt Disney should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.36% upward. As of now, Walt Disney holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Walt Disney is currently exchanging hands at a Forward P/E ratio of 15.13. This expresses a premium compared to the average Forward P/E of 14 of its industry.
Investors should also note that DIS has a PEG ratio of 1.31 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DIS's industry had an average PEG ratio of 1.21 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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
Image: Bigstock
Walt Disney (DIS) Stock Dips While Market Gains: Key Facts
Walt Disney (DIS - Free Report) closed at $101.33 in the latest trading session, marking a -3.4% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.2% for the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The entertainment company's shares have seen a decrease of 2.85% over the last month, surpassing the Consumer Discretionary sector's loss of 6.95% and falling behind the S&P 500's loss of 0.35%.
The investment community will be closely monitoring the performance of Walt Disney in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.66, marking a 49.55% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $24.95 billion, up 11.08% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.93 per share and a revenue of $101.63 billion, signifying shifts of +16.86% and +7.63%, respectively, from the last year.
Any recent changes to analyst estimates for Walt Disney should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.36% upward. As of now, Walt Disney holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Walt Disney is currently exchanging hands at a Forward P/E ratio of 15.13. This expresses a premium compared to the average Forward P/E of 14 of its industry.
Investors should also note that DIS has a PEG ratio of 1.31 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DIS's industry had an average PEG ratio of 1.21 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.