The Walt Disney Co (NYSE: DIS) has reported E.P.S. of $-0.01 for its second fiscal quarter (ending March 31) versus $0.70 for the same period a year ago — a decline of -101%. This result fell short of the consensus estimate of $1.31 by $-1.32. For the latest four quarters through March 31, E.P.S. were $0.92 versus $2.26 for the same period a year ago — a decline of -59%.
Recent Price Action
The Walt Disney Co (NYSE: DIS) stock suffered a large decline of -9.5% on 5/7/24. The stock closed at $105.39. Moreover, exceptionally high trading volume at 503% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, DIS is expected to continue to be an important Value Builder.
Walt Disney has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Walt Disney has a neutral Appreciation Score of 54 but a very high Power Rating of 87, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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