Walt Disney (DIS) Stock Sinks As Market Gains: What You Should Know
In the latest close session, Walt DisneyDIS-- (DIS) was down 1.57% at $97.95. The stock trailed the S&P 500, which registered a daily gain of 1.15%. Elsewhere, the Dow saw an upswing of 1.38%, while the tech-heavy Nasdaq appreciated by 1.38%.
Prior to today's trading, shares of the entertainment company had lost 5.75% lagged the Consumer Discretionary sector's loss of 5.49% and the S&P 500's loss of 5.69%.
The investment community will be paying close attention to the earnings performance of Walt Disney in its upcoming release. The company is predicted to post an EPS of $1.5, indicating a 3.45% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $25.07 billion, indicating a 6.15% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.62 per share and revenue of $101.03 billion, indicating changes of +11.64% and +7%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Walt Disney. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 shifted 0.11% upward. Walt Disney is currently a Zacks Rank #3 (Hold).
Digging into valuation, Walt Disney currently has a Forward P/E ratio of 15.04. This represents a discount compared to its industry average Forward P/E of 17.51.
It's also important to note that DISDIS-- currently trades at a PEG ratio of 1.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Media Conglomerates industry was having an average PEG ratio of 0.9.
The Media Conglomerates industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 29, positioning it in the top 12% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DIS in the coming trading sessions, be sure to utilize Zacks.com.
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The Walt Disney Company (DIS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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