The Walt Disney Company (NYSE:DIS) down -0.78% for the past 5 days, is under coverage of 34 analysts who collectively assign a hold rating on stock. But for curious investors in front of the quarterly release, are there clues as to whether the reaction to DIS stock will prove bullish, bearish or simply a “goofy” non-event? DIS market capitalization is 155.35B with 185000 employees. Walt Disney Co (NYSE:DIS) is likely to unveil its financial report on 2016-08-09. This year Company’s Earnings per Share (EPS) growth is 15.00% and next year’s EPS growth is 5.69%.
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Estimize, which crowdsources estimates from sell-side and buy-side analysts, hedge-fund managers, executives, academics and others, expects Disney to report earnings just above FactSet’s consensus at $1.63 per share. The company indicates a peak revenue level of 14.49B and 13.84B at bottom level. They were forecasting US$1.6 per share three months ago. These analysts have also projected a Low Estimate of $1.54/share and a High Estimate of $1.69/share. The 26 stock analysts who cover the stock have an average PT at $109.15, with individual targets in the range of $88 to $128.
Disney stock has established a decent record of beating Street profit views. Underperform rating was given by 2 analyst and Outperform rating was given by 12 analyst. Investor reaction in shares of DIS has proven less robust.
Estimize expects Disney to report revenue of $14.33 billion. Walt Disney Co makes up approx 1.53% of Chemung Canal Trust Co’s portfolio.Northstar Asset Management boosted its stake in DIS in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 42,988 shares of Walt Disney Co which is valued at $4,200,357.
The combination makes for a hard task of gleaning consistency from recent earnings-driven price moves in DIS. Stock value has moved between $90.21 – 138.99 in last one year.
Here’s the daily chart for Disney.
Over the past year, DIS had been in the process of putting together a decent-looking corrective base. Company is -2.15% away from its 52 week high and is moving 33.99% ahead of its 52 week low. Over the past 52 weeks, the stock is down 11%. It is now trading 17.95% above its 50 day moving average and 48.25% above its 200 day moving average. Its weekly performance is 0.22% while year to date (YTD) performance is -8.22%.
Options trading activity in Disney this past Friday was mostly of the pedestrian variety with little in the way of interesting contract volume. The last stated sale price of the Company’s Class A common stock on August 2, 2016, was $23.29 per share. It has ranged in price between $95.35-$96 after having started the session at $95.4 as compared to the previous trading day’s close of $95.16. (NYSE:CF) share price closed at $24.52. A result of this magnitude is a good deal larger than the average reading of -1.19% of recent events.
For this stock, Analysts estimated the Higher, Lower and Mean EPS forecast.
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Investment accounts under Christopher Tyler’s management do not now own positions in any of the securities or their derivatives mentioned in this article.
