Walt Disney (DIS) closed at $110.55 in the latest trading session, marking a -0.51% move from the prior day. This move lagged the S&P 500's daily gain of 0.14%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq gained 0.68%.
Coming into today, shares of the entertainment company had gained 5% in the past month. In that same time, the Consumer Discretionary sector gained 10.66%, while the S&P 500 gained 9.43%.
Investors will be hoping for strength from DIS as it approaches its nex t earnings release, which is expected to be February 5, 2019. On that day, DIS is projected to report earnings of $1.59 per share, which would represent a year-over-year decline of 15.87%. Our most recent consensus estimate is calling for quarterly revenue of $15.18 billion, down 1.1% from the year-ago period.
DIS's full-year Zacks Consensus Estimates are calling for earnings of $7.08 per share and revenue of $60.59 billion. These results would represent year-over-year changes of 0% and +1.94%, respectively.
It is also important to note the recent changes to analyst estimates for DIS. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection has moved 0.36% higher. DIS currently has a Zacks Rank of #3 (Hold).
Digging into valuation, DIS currently has a Forward P/E ratio of 15.69. This valuation marks a premium compared to its industry's average Forward P/E of 11.29.
We can also see that DIS currently has a PEG ratio of 1.9. 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 industry currently had an average PEG ratio of 1.5 as of yesterday's close.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.