Walt Disney (SAY – Free Report) closed on the most recent trading day at $ 172.01, or + 1.53% from the previous trading session. The stock topped the S&P 500 daily gain by 0.48%.
Prior to today, shares of the entertainment company had lost 3.74% in the past month, behind the 0.25% loss in the consumer discretionary sector and the 3.46% gain in the S&P 500 in the last month. during this period.
Wall Street will research DIS positivity as the date of its next earnings report approaches. That is expected to be November 10, 2021. On that day, DIS is expected to report earnings of $ 0.52 per share, which would represent year-over-year growth of 360%. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 18.77 billion, up 27.61% from the previous year.
Investors should also note any recent changes in analyst estimates for DIS. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.
Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable and externally verified track record of success, with No.1 stocks generating an average annual return of + 25% since 1988. Over the past month, Zacks Consensus’s EPS estimate has fallen by 0. 27%. DIS currently sports a Zacks rank of # 3 (Hold).
Digging into the valuation, DIS currently has a forward P / E ratio of 33.23. For comparison, his industry has an average forward P / E of 33.23, which means DIS is trading at a gap not noticeable to the group.
It’s also worth noting that DIS currently has a PEG ratio of 1.56. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the expected rate of earnings growth of the company. The DIS industry had an average PEG ratio of 1.64 at yesterday’s close.
The media conglomerate industry is part of the consumer discretionary sector. This group has a Zacks Industry Rank of 190, placing it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.