Walt Disney (DIS - Free Report) closed at $111.96 in the latest trading session, marking a -0.49% move from the prior day. This move lagged the S&P 500's daily of 0%. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq gained 0.25%.
Heading into today, shares of the entertainment company had lost 1.59% over the past month, lagging the Consumer Discretionary sector's of 0% and the S&P 500's gain of 2.36% in that time.
Wall Street will be looking for positivity from DIS as it approaches its next earnings report date. This is expected to be May 8, 2019. The company is expected to report EPS of $1.63, down 11.41% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.44 billion, down 0.73% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.91 per share and revenue of $65.79 billion, which would represent changes of -2.4% and +10.7%, respectively, from the prior year.
Any recent changes to analyst estimates for DIS should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
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. The Zacks Consensus EPS estimate has moved 2.61% lower within the past month. DIS is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that DIS has a Forward P/E ratio of 16.29 right now. For comparison, its industry has an average Forward P/E of 15.34, which means DIS is trading at a premium to the group.
It is also worth noting that DIS currently has a PEG ratio of 3.09. 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 Media Conglomerates industry currently had an average PEG ratio of 1.97 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 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.