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Walt Disney (DIS) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Walt Disney (DIS - Free Report) closed at $139.38, marking a -0.39% move from the previous day. This move lagged the S&P 500's daily gain of 0.11%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.19%.
Coming into today, shares of the entertainment company had gained 26.38% in the past month. In that same time, the Consumer Discretionary sector gained 8%, while the S&P 500 gained 4.42%.
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. In that report, analysts expect DIS to post earnings of $1.58 per share. This would mark a year-over-year decline of 14.13%. Our most recent consensus estimate is calling for quarterly revenue of $14.58 billion, up 0.23% from the year-ago period.
DIS's full-year Zacks Consensus Estimates are calling for earnings of $6.80 per share and revenue of $71.23 billion. These results would represent year-over-year changes of -3.95% and +19.85%, respectively.
Investors should also note any recent changes to analyst estimates for DIS. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.58% lower. DIS currently has a Zacks Rank of #4 (Sell).
Digging into valuation, DIS currently has a Forward P/E ratio of 20.59. This valuation marks a premium compared to its industry's average Forward P/E of 15.18.
Meanwhile, DIS's PEG ratio is currently 3.61. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Media Conglomerates stocks are, on average, holding a PEG ratio of 2.24 based on yesterday's closing prices.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 202, 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Walt Disney (DIS) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Walt Disney (DIS - Free Report) closed at $139.38, marking a -0.39% move from the previous day. This move lagged the S&P 500's daily gain of 0.11%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.19%.
Coming into today, shares of the entertainment company had gained 26.38% in the past month. In that same time, the Consumer Discretionary sector gained 8%, while the S&P 500 gained 4.42%.
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. In that report, analysts expect DIS to post earnings of $1.58 per share. This would mark a year-over-year decline of 14.13%. Our most recent consensus estimate is calling for quarterly revenue of $14.58 billion, up 0.23% from the year-ago period.
DIS's full-year Zacks Consensus Estimates are calling for earnings of $6.80 per share and revenue of $71.23 billion. These results would represent year-over-year changes of -3.95% and +19.85%, respectively.
Investors should also note any recent changes to analyst estimates for DIS. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.58% lower. DIS currently has a Zacks Rank of #4 (Sell).
Digging into valuation, DIS currently has a Forward P/E ratio of 20.59. This valuation marks a premium compared to its industry's average Forward P/E of 15.18.
Meanwhile, DIS's PEG ratio is currently 3.61. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Media Conglomerates stocks are, on average, holding a PEG ratio of 2.24 based on yesterday's closing prices.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 202, 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.
You can find more information on all of these metrics, and much more, on Zacks.com.