In the latest trading session, Walt Disney (DIS - Free Report) closed at $109.24, marking a -1.3% move from the previous day. The stock lagged the S&P 500's daily gain of 0.03%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the entertainment company had lost 1.61% over the past month. This has lagged the Consumer Discretionary sector's gain of 2.34% and the S&P 500's gain of 3.1% in that time.
DIS will be looking to display strength as it nears its next earnings release, which is expected to be November 8, 2018. On that day, DIS is projected to report earnings of $1.31 per share, which would represent year-over-year growth of 22.43%. Our most recent consensus estimate is calling for quarterly revenue of $13.81 billion, up 8.05% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.92 per share and revenue of $58.86 billion, which would represent changes of +21.4% and +6.75%, respectively, from the prior year.
Any recent changes to analyst estimates for DIS should also be noted by investors. 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 company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 moved 0.1% lower. DIS is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, DIS is holding a Forward P/E ratio of 15.99. For comparison, its industry has an average Forward P/E of 15.99, which means DIS is trading at a no noticeable deviation to the group.
Also, we should mention that DIS has a PEG ratio of 1.47. 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. DIS's industry had an average PEG ratio of 1.3 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 230, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.