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T   27.34 (+0.22%)
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DIS   151.52 (+0.94%)
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ACB   4.98 (+2.47%)
BA   220.45 (+1.55%)
S&P 500   4,587.41 (+1.21%)
DOW   35,406.91 (+1.08%)
QQQ   372.80 (+1.72%)
AAPL   169.37 (+1.89%)
MSFT   311.15 (+2.58%)
FB   324.79 (+1.63%)
GOOGL   2,744.78 (+1.57%)
AMZN   3,137.83 (+0.38%)
TSLA   1,034.66 (+3.92%)
NVDA   254.07 (+1.36%)
BABA   132.77 (+3.94%)
NIO   30.35 (+6.01%)
AMD   126.80 (-1.15%)
CGC   7.93 (+3.80%)
MU   89.44 (-0.62%)
GE   101.30 (+0.68%)
T   27.34 (+0.22%)
F   22.60 (+0.67%)
DIS   151.52 (+0.94%)
AMC   18.97 (+3.55%)
PFE   53.69 (+0.28%)
ACB   4.98 (+2.47%)
BA   220.45 (+1.55%)
S&P 500   4,587.41 (+1.21%)
DOW   35,406.91 (+1.08%)
QQQ   372.80 (+1.72%)
AAPL   169.37 (+1.89%)
MSFT   311.15 (+2.58%)
FB   324.79 (+1.63%)
GOOGL   2,744.78 (+1.57%)
AMZN   3,137.83 (+0.38%)
TSLA   1,034.66 (+3.92%)
NVDA   254.07 (+1.36%)
BABA   132.77 (+3.94%)
NIO   30.35 (+6.01%)
AMD   126.80 (-1.15%)
CGC   7.93 (+3.80%)
MU   89.44 (-0.62%)
GE   101.30 (+0.68%)
T   27.34 (+0.22%)
F   22.60 (+0.67%)
DIS   151.52 (+0.94%)
AMC   18.97 (+3.55%)
PFE   53.69 (+0.28%)
ACB   4.98 (+2.47%)
BA   220.45 (+1.55%)
S&P 500   4,587.41 (+1.21%)
DOW   35,406.91 (+1.08%)
QQQ   372.80 (+1.72%)
AAPL   169.37 (+1.89%)
MSFT   311.15 (+2.58%)
FB   324.79 (+1.63%)
GOOGL   2,744.78 (+1.57%)
AMZN   3,137.83 (+0.38%)
TSLA   1,034.66 (+3.92%)
NVDA   254.07 (+1.36%)
BABA   132.77 (+3.94%)
NIO   30.35 (+6.01%)
AMD   126.80 (-1.15%)
CGC   7.93 (+3.80%)
MU   89.44 (-0.62%)
GE   101.30 (+0.68%)
T   27.34 (+0.22%)
F   22.60 (+0.67%)
DIS   151.52 (+0.94%)
AMC   18.97 (+3.55%)
PFE   53.69 (+0.28%)
ACB   4.98 (+2.47%)
BA   220.45 (+1.55%)

Zacks: Brokerages Expect The Walt Disney Company (NYSE:DIS) Will Post Quarterly Sales of $21.11 Billion

Last updated on Monday, January 3, 2022 | 2022 MarketBeat

Analysts forecast that The Walt Disney Company (NYSE:DIS) will post sales of $21.11 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Walt Disney's earnings. The lowest sales estimate is $20.33 billion and the highest is $21.90 billion. Walt Disney posted sales of $16.25 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 29.9%. The business is scheduled to report its next earnings results on Thursday, February 10th.

According to Zacks, analysts expect that Walt Disney will report full year sales of $84.03 billion for the current year, with estimates ranging from $80.95 billion to $86.81 billion. For the next year, analysts forecast that the firm will report sales of $94.15 billion, with estimates ranging from $91.33 billion to $96.76 billion. Zacks Investment Research's sales averages are an average based on a survey of sell-side research analysts that cover Walt Disney.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, November 10th. The entertainment giant reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.13). Walt Disney had a return on equity of 4.86% and a net margin of 2.96%. During the same quarter in the prior year, the business earned ($0.20) earnings per share.

A number of brokerages have recently commented on DIS. Wolfe Research reduced their price target on shares of Walt Disney from $209.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, November 11th. Citigroup reduced their price target on shares of Walt Disney from $230.00 to $210.00 and set a "buy" rating for the company in a research note on Tuesday, November 16th. JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $230.00 to $220.00 and set an "overweight" rating on the stock in a report on Thursday, November 11th. Loop Capital dropped their price objective on shares of Walt Disney from $205.00 to $190.00 and set a "buy" rating on the stock in a report on Monday, November 29th. Finally, Wells Fargo & Company dropped their price objective on shares of Walt Disney from $203.00 to $196.00 and set an "overweight" rating on the stock in a report on Monday, November 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $196.93.

Several hedge funds have recently added to or reduced their stakes in DIS. Amundi bought a new stake in Walt Disney in the second quarter worth $1,036,444,000. Epoch Investment Partners Inc. increased its position in Walt Disney by 10.4% in the second quarter. Epoch Investment Partners Inc. now owns 504,278 shares of the entertainment giant's stock worth $88,637,000 after purchasing an additional 47,313 shares during the last quarter. Eudaimonia Partners LLC increased its position in Walt Disney by 20.2% in the second quarter. Eudaimonia Partners LLC now owns 17,470 shares of the entertainment giant's stock worth $3,071,000 after purchasing an additional 2,934 shares during the last quarter. Baker Ellis Asset Management LLC increased its position in Walt Disney by 6.0% in the second quarter. Baker Ellis Asset Management LLC now owns 34,082 shares of the entertainment giant's stock worth $5,991,000 after purchasing an additional 1,939 shares during the last quarter. Finally, B&D White Capital Company LLC increased its position in Walt Disney by 4,939.7% in the third quarter. B&D White Capital Company LLC now owns 88,195 shares of the entertainment giant's stock worth $14,919,000 after purchasing an additional 86,445 shares during the last quarter. 64.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DIS stock opened at $154.89 on Monday. The company has a 50 day moving average price of $157.26 and a 200-day moving average price of $170.17. Walt Disney has a 52 week low of $142.04 and a 52 week high of $203.02. The firm has a market capitalization of $281.54 billion, a PE ratio of 142.10, a P/E/G ratio of 1.60 and a beta of 1.18. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 0.52.

Walt Disney Company Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company's global film and episodic television content production and distribution activities.

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Earnings History and Estimates for Walt Disney (NYSE:DIS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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