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Walt Disney (DIS) Stock Moves -0.37%: What You Should Know
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In the latest trading session, Walt Disney (DIS - Free Report) closed at $117.83, marking a -0.37% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.55%. At the same time, the Dow lost 0.5%, and the tech-heavy Nasdaq lost 0.42%.
Heading into today, shares of the entertainment company had gained 4.88% over the past month, outpacing the Consumer Discretionary sector's loss of 6.58% and the S&P 500's loss of 5.71% in that time.
Investors will be hoping for strength from DIS as it approaches 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%. Meanwhile, our latest consensus estimate is calling for revenue of $13.81 billion, up 8.05% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for DIS. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.03% higher. DIS is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that DIS has a Forward P/E ratio of 16.31 right now. Its industry sports an average Forward P/E of 11.88, so we one might conclude that DIS is trading at a premium comparatively.
Investors should also note that DIS has a PEG ratio of 1.49 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Media Conglomerates industry currently had an average PEG ratio of 1.32 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 54, putting it in the top 21% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Walt Disney (DIS) Stock Moves -0.37%: What You Should Know
In the latest trading session, Walt Disney (DIS - Free Report) closed at $117.83, marking a -0.37% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.55%. At the same time, the Dow lost 0.5%, and the tech-heavy Nasdaq lost 0.42%.
Heading into today, shares of the entertainment company had gained 4.88% over the past month, outpacing the Consumer Discretionary sector's loss of 6.58% and the S&P 500's loss of 5.71% in that time.
Investors will be hoping for strength from DIS as it approaches 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%. Meanwhile, our latest consensus estimate is calling for revenue of $13.81 billion, up 8.05% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for DIS. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 0.03% higher. DIS is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that DIS has a Forward P/E ratio of 16.31 right now. Its industry sports an average Forward P/E of 11.88, so we one might conclude that DIS is trading at a premium comparatively.
Investors should also note that DIS has a PEG ratio of 1.49 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Media Conglomerates industry currently had an average PEG ratio of 1.32 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 54, putting it in the top 21% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.