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Walt Disney (DIS) Outpaces Stock Market Gains: What You Should Know
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Walt Disney (DIS - Free Report) closed the most recent trading day at $81.67, moving +0.76% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.01%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 0.67%.
Prior to today's trading, shares of the entertainment company had lost 0.72% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 5.21% and the S&P 500's loss of 4.45% in that time.
Walt Disney will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.75, up 150% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.33 billion, up 5.83% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Walt Disney. These revisions help to show the ever-changing nature of near-term business trends. 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. 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.
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 0.7% higher within the past month. Walt Disney currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Walt Disney is holding a Forward P/E ratio of 21.86. This valuation marks a discount compared to its industry's average Forward P/E of 22.93.
It is also worth noting that DIS currently has a PEG ratio of 1.62. 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 was holding an average PEG ratio of 1.42 at yesterday's closing price.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 32% 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.
To follow DIS in the coming trading sessions, be sure to utilize Zacks.com.
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Walt Disney (DIS) Outpaces Stock Market Gains: What You Should Know
Walt Disney (DIS - Free Report) closed the most recent trading day at $81.67, moving +0.76% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.01%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 0.67%.
Prior to today's trading, shares of the entertainment company had lost 0.72% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 5.21% and the S&P 500's loss of 4.45% in that time.
Walt Disney will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.75, up 150% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.33 billion, up 5.83% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Walt Disney. These revisions help to show the ever-changing nature of near-term business trends. 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. 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.
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 0.7% higher within the past month. Walt Disney currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Walt Disney is holding a Forward P/E ratio of 21.86. This valuation marks a discount compared to its industry's average Forward P/E of 22.93.
It is also worth noting that DIS currently has a PEG ratio of 1.62. 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 was holding an average PEG ratio of 1.42 at yesterday's closing price.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 32% 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.
To follow DIS in the coming trading sessions, be sure to utilize Zacks.com.