Walt Disney (DIS) closed the most recent trading day at $132.04, moving +1.52% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.06%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq lost 0.1%.
Prior to today's trading, shares of the entertainment company had gained 13.61% over the past month. This has outpaced the Consumer Discretionary sector's gain of 4.45% and the S&P 500's gain of 4.3% in that time.
Investors will be hoping for strength from DIS as it approaches its nex t earnings release, which is expected to be May 8, 2019. On that day, DIS is projected to report earnings of $1.60 per share, which would represent a year-over-year decline of 13.04%. Our most recent consensus estimate is calling for quarterly revenue of $14.42 billion, down 0.86% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.88 per share and revenue of $70.37 billion, which would represent changes of -2.82% and +18.4%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for DIS. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 2.89% lower within the past month. DIS currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, DIS is holding a Forward P/E ratio of 18.9. For comparison, its industry has an average Forward P/E of 15.08, which means DIS is trading at a premium to the group.
Investors should also note that DIS has a PEG ratio of 3.59 right now. 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. The Media Conglomerates was holding an average PEG ratio of 2.24 at yesterday's closing price.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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