Walt Disney (DIS - Free Report) closed the most recent trading day at $114.87, moving -1.11% from the previous trading session. This change lagged the S&P 500's 0.55% loss on the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.16%.
Coming into today, shares of the entertainment company had gained 5.32% in the past month. In that same time, the Consumer Discretionary sector lost 0.07%, while the S&P 500 gained 0.37%.
Investors will be hoping for strength from DIS as it approaches its next earnings release, which is expected to be November 8, 2018. In that report, analysts expect DIS to post earnings of $1.31 per share. This would mark year-over-year growth of 22.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.81 billion, up 8.05% from the year-ago period.
It is also important to note the recent changes to analyst estimates for DIS. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. DIS is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, DIS is holding a Forward P/E ratio of 16.01. Its industry sports an average Forward P/E of 11.73, so we one might conclude that DIS is trading at a premium comparatively.
Meanwhile, DIS's PEG ratio is currently 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 1.31 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.