The stock trades at about 25x consensus 2022 earnings and about 19x consensus 2023 earnings and things should only get better as streaming eventually contributes to Disneys bottom line. DPEPs operations has two main business lines: Parks & Experiences and Consumer Products. Disney suspended its dividend at the start of the COVID-19 pandemic, with its last payment date in January 2020. Shareholders seemed most excited about the new streaming forecasts, as the company now expects to reach . Igers four decades experience working in Disney, including 15 years as CEO, wereexpected to set the strategic direction for renewed growth, the company said in the statement. Axon Stock Lights Up On Big Earnings Beat, Taser News, Apple Is Still The Richest Company By Squatting On Your Money. While the Covid-19 pandemic hit Disney with theme park closures and cancelled shows, the strong performance of its streaming services supported the companys performance. But the market is making the mistake of extrapolating one quarter's growth way out into the future. Disney stock is listed on the New York Stock Exchange (NYSE) under the ticker DIS. GERMANY - 2022/05/30: In this photo illustration, a Disney logo seen displayed on a tablet. Salesforce Soars Late, Tesla Doesn't Unveil New EV, FANG Stocks News & Quotes: Facebook, Amazon, Netflix, Google, Millennial Investing: Stocks, ETFs, Personal Finance, Student Loans, Walmart Stock Falls Amid Tech Unit Shakeup Ahead Of Earnings. We are not in any way stepping away from streaming. It's still recovering, but hit films are drawing in viewers. There are several potential catalysts that could lead to higher share prices, including the announcement of a new CEO in the next 18-24 months (If the new CEO has the same credibility Iger has), potential growth in streaming by gaining market share, a rationalized pricing policy, cost cuts, the success of a new blockbuster show due to increased creativity, lower debt levels, keeping ESPN and buying the rest of Hulu, and, most importantly, having activist managers advising and standing behind Iger. Stock prices have fallen precipitously across sectors over recent months and we are now in a bear market for the first time since March 2020, when the Covid-19 outbreak triggered a market crash. Walt Disney World opened in 1971, two months before Roy's death. The average Disney stock price prediction forecasts a potential upside of 28.69% from the current DIS share price of $101.68. Stock Market Falls Ahead Of Inflation Report; Just A Bullish Pause? Guidance still points to the service reaching profitability by fiscal 2024. Please disable your ad-blocker and refresh. As of July 2022, the company operates two main business segments: Disney Media and Entertainment Distribution (DMED), and Disney Parks, Experiences and Products (DPEP). Wait for the stock to rise above its 200 day moving average of 128.25 before getting too bullish. The price, however, started to spike after 20 March 2019, following Disneys acquisition of 21st Century Fox. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. Disney is much more than Marvel. Disney stock has been a part of six stock splits since the IPO,The first post IPO stock split happened in 1967 which was a 2 for 1 stock split. Investor confidence is mounting as Disney returns to its decades-old formula of cashing in on top franchises to grow its business. In August 2011 Disney saw its stock price drop nearly 14% in one day after a number of multiple analysts downgraded it. (Author's comments in January 2023. Since my return, I have drilled down into every facet of the streaming business to determine how to achieve both profitability and growth.. Invest better with The Motley Fool. Morningstars senior equity analyst Neil Macker stated that while Iger may not be as focused on the parks segment as Chapek, Iger has stronger and longer ties with Hollywood as well as investors. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount, Universal, and Warner Bros. In early November, Disney made a surprise leadership change, reinstalling Bob Iger as CEO, in an attempt to turn things around. But it needs to find a balance between streaming and in-person revenue. The company wants a shake-up and a change of direction, and Bob Iger, who led the House of Mouse for 15 years, is clearly considered to be the best character for the job to throw a sparkle of magic back over the business, wrote Streeter of Hargreaves Lansdown. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. Remember, Disney previously announced 10 original series each from Marvel and Star Wars, along with 30 live-action shows from Disney animation and Pixar over the next few years. The Walt Disney Co. is a diversified international family entertainment and media enterprise. However, Disney's stock rallied to a high of $118.18 on 2/9/2022 and closed the day at $110.36. Bear in mind that analyst views can be wrong, and that there are many factors that drive the companys stock price. When you think about it, Abbott Elementary airs on ABC, then it goes to Hulu. The Walt Disney Company at the 2022 Bank of America Securities Media, Communications & Entertainment Conference August 10, 2022 Disney's Q3 FY22 Earnings Results Webcast May 18, 2022 The Walt Disney Company at the 9th Annual MoffettNathanson Media and Communications Summit View All Investor Relations News February 9, 2023 Revenue in the 2021/2022 fiscal year increased to $82.72bn, from $67.41bn in the same period in the previous fiscal year. The pandemic depleted its parks and box office revenue in 2020 and 2021. The services algorithm-driven forecasting system said the stock is an acceptable long-term investment. Then, economic declines in 2022 strained the streaming industry as people reduced discretionary spending. Some of the highlights are new CEOs, old CEOs, complete stops to some of its businesses, skyrocketing streaming, huge losses, and fabulous rebounds. Moreover, Chapek's background at Disney suggests investors should look forward to margin increases across the business over time. So is Disney a buy? And the gains are not over yet. Stronger revenue from Disneys Parks & Experiences segment helped to cushion losses from the DTC. For fiscal 2021 Disney earned $3.03 a share, 270% better than fiscal '20. Analysts can be wrong and theirDisney share price forecasts shouldnt be used as a substitute for your own research. In the fourth quarter of 2022, Parks & Experiences booked revenue of. The CEO said his plan to cut costs by $5.5 billion will allow the company to start with a "modest" dividend and increase it over time. As of 1 December2022, analysts tracked by MarketBeat gave Disney stock a moderate buy rating. Thats a perfect example how the linear platforms, while they still have an audience and could help us monetize can still be used effectively, and we have that ability. However, it was still way above the inflation target of 2%. There are several factors weighing the stock down. Disney stock has seen a major sell-off this year, declining by almost 37% year-to-date, considerably underperforming the S&P 500 which remains down by 19% over the same period. If you have an ad-blocker enabled you may be blocked from proceeding. Disney Parks, Experiences, and Products: theme parks, resort destinations, and cruise line, Disney's consumer products, games, and publishing businesses. It's worth watching, though, to see how the media giant fares now that its theme parks, cruises and movie theaters are back in action. The services algorithm-driven forecasting system said the stock is an acceptable long-term investment. Iger has already answered the second question by tweaking the internal structure and organizing Disney into three core business segments as follows: Iger has no plans to sell ESPN and should not sell Hulu. The Motley Fool has positions in and recommends Walt Disney and Warner Bros. The Motley Fool has a disclosure policy. Formerly with Fidelity Investments, Dean Witter Investment Management, Citibank - Amsterdam, Eli Lilly - Brussels, Thomson Financial (aka Thomson Reuters), NYC gov., and Apple, Inc. Graduate of Baruch College CUNY, NYU College of Arts and Sciences, and Erasmus University (Rotterdam School of Management) in that order. It's on a promising growth path and is home to franchises that will likely take its streaming venture far. Save over $170 and access 6 weeks of prograde stock research tools for only $49.95! The stock trades at about 25x consensus 2022 earnings and about 19x consensus 2023 earnings and things should only get better as streaming eventually contributes to Disney's bottom line. The following year, Walt passed away, leaving Roy in charge. Get the latest Walt Disney Co (DIS) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. According to Variety, Disney spent about $460 million producing and promoting the film. Can Disney fight its way out of the slump? (read more). This overvaluation may be due to investors' confidence that growth will increase following Iger's restructuring efforts. The site suggested the stock could reach $118.328 in three years, according to its Disney stock forecast for 2025. View the latest Walt Disney Co. (DIS) stock price, news, historical charts, analyst ratings and financial information from WSJ. Despite theaters reopening in 2022, the market had not returned to pre-pandemic form by the end of the year. "Encanto" won the award for animated feature film. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). DIS closed at $138.72 as of March 28, 2022 is -32% below its all-time peak. And as you can see below, BABA beat on both top . The Marvel Cinematic Universe (MCU) has grossed more than twice the amount of the next-highest franchise, Star Wars -- also owned by Disney. Disney Channels programming is made up of internally developed hits based on Disneys extensive library of feature films and animated characters. DIS is relatively overvalued on two common measures compared to its competitors. It's hard to believe the $172 billion market cap behemoth started out in 1923 as Disney Brothers Cartoon Studio, by Walt and his brother, Roy O. Disney. DTCs operating results were expected to improve by at least $200m in the first quarter of fiscal2023 versus the fourth quarter of2022, partly supported by increases in subscription prices, she added. The parks segment has recovered well, with revenue nearly doubling year over year in the fiscal fourth quarter. When looking for Disney stock projections, remember that analysts and algorithm-based predictions can be wrong, and shouldnt be used as a substitute for your own research. That's nearly 21% potential upside. A 66 Earnings Per Share Rating reflects a three-year earnings growth rate of -35%, which includes a 19% decline in fiscal '19 and a 65% drop in fiscal '20. account day-to-day movements in market value compared to a companys liability structure. What if youre looking for a more balanced portfolio instead? Disney stock predictions: Can Iger bring back Disneys magic? The investment case for Disney hinges on the growth of Disney+, so it's understandable for the stock to trade in line with the rate of subscriber growth, but the market overreacted to Disney's results last quarter. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Nelson Peltz, an activist investor, continued to engage with and urge Disney's management to undertake restructuring. The 90s brought two more stock splits, one 4 for 1 in 1992 and then a 3 for 1 stock split in the summer of 1998. The sell-off was prompted by a combination of macroeconomic headwinds and increased competition in streaming that meant succeeding in the industry was costly. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Meanwhile, a return to parks and box office ticket sales will keep the company growing until then. It's been a wild ride on Wall Street since early 2020, as the stock market fell into a bear amid the coronavirus crash. Updated daily, it takes into The latter has expanded very successfully across international markets based on its focus on producing local language content. Marvel's first 2023 release, Ant-Man and the Wasp: Quantumania, opened last weekend with $104 million in opening weekend sales, exceeding expectations and becoming the third-highest February opening ever. its popular franchises like Marvel and Star Wars in the fourth quarter of 2022 on Disney Plus, according . Realtime quote and/or trade prices are not sourced from all markets. Disney stock has been publicly traded since 1957 when it had its initial public offering where Disney stock was sold at $13.88 per share. Google The last time the stock was close to that value was around June of 2020, at which point the stock was trading at $109.10. The Walt Disney Company is a diversified international family entertainment and media enterprise. Remember that markets are volatile, and that past performance cannot guarantee future results. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Please. -2.08%. Despite strong first-quarter results, Wall Street analysts have very different views on varying parts of the . *Average returns of all recommendations since inception. Adding all this up, the Disney+ service is clearly being undervalued by the market right now. It booked earnings per share (EPS) of $0.30 in the fourth quarter, down from $0.37 in the prior-year quarter. Build a CFD portfolio with your favourite companies. It also licenses characters from its film, television and other properties for use on third-party products and earns royalties. The earnings number also surpassed the . The Disney stock price targets ranged from a high of $185and a low of $94. There are 1.82 billion Disney shares outstanding, which places the stocks total value at $174.30bn as of 30 November 2022, according to Companiesmarketcap. You should do your own research about the stock by reading the latest DIS stock news, technical and fundamental analysis. And reopening movie theaters are boosting prospects for box-office sales. Since reaching an all-time high closing price in March 2021, Disney stock has been spiralling down to below its pre-pandemic level. Last year's stock market sell-off led shares of The Walt Disney Company (DIS -1.07%) to plunge 44% over 12 months. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. The US Consumer Price Index (CPI) was running at an annual rate of 7.7% in October, easing from the peak of 9.1% in June. Turning Red Preview Beyond Disney+, continued financial success in the Disney Parks could also be a big boost to stock. The score provides a forward-looking, one-year measure of credit These symbols will be available throughout the site during your session. In June, then-CEO Bob Chapek explained that "We have seen each new Disney+ original Marvel series attract incremental viewership and new subscribers that hadn't previously engaged with Marvel content on the service." It found a bottom on March 18, 2020, before making its way back to fresh highs. Here are some of the many problems Disney has endured in 2022 and 2023. Florida is home to Disney's largest theme park complex. We expect that Iger will unwind some of the major changes put in place by Chapek. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21. Disney stock is now trading around levels last seen around April 2020 just as the first set of Covid-19 lockdowns roiled the broader markets. The first memo Iger sent out in his smashing return to the CEO role centered around giving Disney's creatives more control in the distribution process. It's a new calendar year for Walt Disney (NYSE: DIS) investors, and so far, 2023 looks pretty good. Written by Disney stock is struggling to regain its footing as the economy bounces back from the worst of the pandemic. In the fourth quarter of 2022, Parks & Experiences booked revenue of $7.42bn, jumping 36% from the year-ago period of $5.45bn. The information and content are subject to change without notice. Walt Disney Co. stock falls Friday, underperforms market Feb. 24, 2023 at 4:49 p.m. The following catalysts were responsible for the increase in Disney's stock price from the date of my sell rating until 2/9/2023: On 1/11/2023, Disney announced the appointment of board member Mark Parker, who is also Nike's executive chairman, as the new chairman of the board. Disney just began to tap into this pipeline in the last month. This top entertainment stock should bounce back in 2022. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount , Universal , and Warner Bros. Disney+ added 14.4 million subscribers for a total of 152.1 million, above views. However, with a solid return of park guests and theater audiences, Disney looks to be back on the path to growth. Discovery. Disney has been on a downward trajectory since the beginning of 2022, despite starting strong at $157.83 on 3 January. It earned adjusted earnings of $1.09 a share on revenue of $21.5 billion vs. S&P Global Market Intelligence forecasts for $0.99 on $21.0 billion. The 26 analysts offering 12-month price forecasts for Walt Disney Co have a median target of 130.00, with a high estimate of 141.00 and a low estimate of 94.00. Our priority is the enduring growth and profitability of our streaming business. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. On the business side, Morningstars maintained its view that the firms direct-to-consumers products, such as Disney+, Hotstar, Hulu, and ESPN+ are set to be the drivers of its long-term growth. In early November, Disney made a surprise leadership change, reinstalling Bob Iger as CEO, in an attempt to turn things around. According to the current price, Walt Disney is 67.20% away from the 52-week high. Consumer Products operations consist of licensing and retail. Privacy Policy & Terms of Use. Discovery. This measure against the company poses a political risk, as it may waste management's time and resources. The major market events for the week ahead right in your inbox. Get these newsletters delivered to your inbox & more info about our products & services. However, the company's shares remain down 33% over the past 12 months. We take a look at recentnews, the stocks price history and the latest Disney stock forecast. Since 2020, the House of Mouse's free cash flow has declined from $2.6 billion to $94 million in 2022. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Throughout its near century-long history, Disney has grown into a multi-billion-dollar business, famous for its flagship family-oriented brands. While the decline was substantial, the entertainment company actually fared better than its biggest competitors, Netflix and Warner Bros. Its like 60-years-old or around, estimating on ABC and then the 30s on, ( https://www.streetinsider.com/dividend_history.php?q=DIS), (Yahoo Finance: Disney Relative Valuation 2/27/2023). 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Target includes all analyst analysis, not just the most recent analysis presented in the fourth quarter billion... The current price, news, Apple is still the Richest company by Squatting on Money. Overvalued on two common measures compared to its decades-old formula of cashing on... That analyst views can be wrong, and that past performance can not guarantee future results the average target! Stocks price history and the latest DIS stock news, technical and fundamental analysis in! Billion to $ 94 million in 2022 a limited liability company with company number 209236B is made of! Movie theaters are boosting prospects for box-office sales struggling to regain its footing as company. Sell rating to Disney 's management to undertake restructuring by a combination of macroeconomic headwinds and competition!, 2020, before making its way out into the latter has expanded very successfully international... 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