The Walt Disney Co (NYSE: DIS) has reported earnings for its third fiscal quarter (ending June 30) of $1.44 versus a loss $-0.25 for the same period a year ago. Relative to the consensus estimate of $1.19, this was a premium of $0.25. For the latest four quarters through June 30, E.P.S. were $2.61 versus $1.23 for the same period a year ago — an increase of 112%.
Recent Price Action
The Walt Disney Co (NYSE: DIS) stock declined by -4.5% on 8/7/24. The shares closed at $85.96. Moreover, this decline was accompanied by exceptionally high trading volume at 280% of normal. The stock has performed in line with the market over the last nine months and has declined -8.3% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Walt Disney has a slightly positive Appreciation Score of 66 and a neutral Power Rating of 47, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment