Are Earnings Behind The Walt Disney Company (DIS) Strong Enough To Turn The Stock Around?

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The Walt Disney Company (DIS), a Entertainment corporation, was a gaining stock in the prior market session. The Walt Disney Company (DIS) shares started the day for trading at $108.40 and closed the day at $107.77 with losses of -1.27%. The decrease change in The Walt Disney Company (DIS) lagged the change in the NASDAQ, a tech heavy index, for the day which lossed -0.45% in prior market session.

The Walt Disney Company (DIS) is focused on the Entertainment sector. This market sector has seen some volatility from traders in recent market sessions. Bullish traders of The Walt Disney Company (DIS) will be looking for positive upcoming earnings whereas bearish traders of The Walt Disney Company (DIS) will be looking for negative earnings. The last time The Walt Disney Company (DIS) had an earnings surprise was on Qtr Ending 03/20 when they reported $0.60 compared to an estimate of $0.83 which was a difference of -$0.23 resulting in a change of -27.71%. Current earnings estimates are to be released for Current Qtr 06/2020 on The Walt Disney Company (DIS) and out of 4 Wall Street estimates the average is saying -$0.31. The high estimate is saying $0.30 whereas the low estimate is saying -$0.65 and the prior year The Walt Disney Company (DIS) announced earnings at $1.35 a growth rate est. (year over year) of -122.96%.

The market performance of The Walt Disney Company (DIS) has varied recently. Year to date The Walt Disney Company (DIS)’s shares are down -24.52%. Over the past 12 weeks The Walt Disney Company (DIS) is down -22.53% and over the last 4 weeks The Walt Disney Company (DIS) is up 4.46%. The Walt Disney Company (DIS) current income statement shows revenue (ttm) of $78.21B. Gross Profit is $27.55B. This puts the current EBITDA of The Walt Disney Company (DIS) at $14.54B.

Wall street traders might also notice recent changes to stock analyst estimates for The Walt Disney Company (DIS). The stock is trading with an RSI (relative strength index) of 56.60 indicating The Walt Disney Company (DIS) is neither overbought nor oversold. Technically, DIS’s short term support levels are around $17.13, $15.21 and $11.95 on the downside. DISs short term resistance levels are $28.91, $27.74 and $26.86 on the upside. The market cap of The Walt Disney Company (DIS) is $194.662B and institutions hold 66.29% of the stock. The outstanding share count stands at 1.81B while the short float (shares short) stands at 1.40%.

Stock market research indicates that these earning estimate changes look to be directly correlated with short-term shares prices. The traders can look to capitalize on the basis of ranking. Based on technical analysis, DIS has short term rating of Neutral (0.13), Intermediate rating of Neutral (0.04) and the long-term rating of Bearish (-0.31) giving it an overall rating of Neutral (-0.05).

The EPS growth this year on The Walt Disney Company (DIS) is decreased -13.60% and is expected to increase 115.86% next year. However, quarterly earnings (EPS) growth year over year on The Walt Disney Company (DIS) has decreased by -92.60% and quarterly revenue (Sales) growth year over year stands at 20.70%. Gross margin is detected at 36.60% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 6.90% while return on equity (ttm) is 6.00%.

Recent Developments:

2020-05-05 – The Walt Disney Company Says Q2 EPS Of $0.60 Excluding Items.
2020-05-05 – Walt Disney Co Says Furloughed Over 120,000 Employees.
2020-05-05 – The Walt Disney Company To Forgo Next Semi-Annual Cash Dividend.
2020-05-01 – WarnerMedia And Hulu Reach Distribution Agreement For HBO Max.
2020-04-23 – S&P Says Disney Ratings Lowered To ‘A-‘ Amid Continued Uncertainty Over Business Reopenings And Deleveraging On Watch Negative.

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