Heading into today, shares of the entertainment company had lost 2.5% over the past month, lagging the Consumer Discretionary sector's gain of 2.72% and the S&P 500's gain of 4.63% in that time.
Walt Disney will be looking to display strength as it nears its next earnings release, which is expected to be May 11, 2022. On that day, Walt Disney is projected to report earnings of $1.22 per share, which would represent year-over-year growth of 54.43%. Our most recent consensus estimate is calling for quarterly revenue of $20.27 billion, up 29.84% 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.
Investors should also note Walt Disney's current valuation metrics, including its Forward P/E ratio of 28.92. This represents a premium compared to its industry's average Forward P/E of 24.54.
We can also see that DIS currently has a PEG ratio of 1.27. 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. Media Conglomerates stocks are, on average, holding a PEG ratio of 1.55 based on yesterday's closing prices.
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