Yes. In addition, Disney announced solid earnings, with an increase in revenue and beating EPS estimates for the fiscal Q1:2023. 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. To make the world smarter, happier, and richer. The pandemic depleted its parks and box office revenue in 2020 and 2021. Walt Disney Co. reported Q1 profit that fell substantially short of analysts' expectations which sent the stock price to a 10% decline in after-hours trading. These fans then go on to further engage with the MCU through theater releases and content-based products. But the big one was released on Dec. 29, a new Star Wars original series called The Book of Boba Fett. 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. Bear in mind that analyst views can be wrong, and that there are many factors that drive the companys stock price. 3 Dates for Disney Stock Investors to Circle in March, Stocks most and least liked by hedge funds and mutual funds - Goldman, T. Rowe Price Associates, Inc. (Investment Management), Northern Trust Investments, Inc.(Investment Management), Chairman-International Content & Operations, Chief Compliance Officer & Senior Vice President, Chief Diversity Officer & Senior Vice President, Chief Financial Officer & Senior Executive VP, Chief Human Resources Officer & Senior EVP, Chief Security Officer & Senior Vice President, EVP-Controllership, Financial Planning & Tax, Executive VP-Corporate Social Responsibility, Regional Director Bus Dev Operating Participants, Senior Executive Vice President & General Counsel, Registration on or use of this site constitutes acceptance of our. Ron DeSantis signed a bill on Monday, February 27, 2023, which gives him control of Walt Disney World's self-governing district. 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. Making the world smarter, happier, and richer. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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). Disney is ending calendar 2021 with a bang, but there is much more on the way that could be explosive for subscriber growth. Data source: IMDB. Bulls want to see Disney's stock break up from either the daily or four-hour bull flag pattern and for continued momentum to push the stock up over its next resistance level at $191.25. The Walt Disney company reported revenue growth of 9% and 23% for the fourth quarter and the full fiscal year 2021/2022 ended 1 October 2022 respectively, the company announced on 8 November. The stock currently trades at just over 20 times Disney's peak earnings in fiscal 2018. The sell-off was prompted by a combination of macroeconomic headwinds and increased competition in streaming that meant succeeding in the industry was costly. Disney Channels programming is made up of internally developed hits based on Disneys extensive library of feature films and animated characters. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. "We are intent on reducing our debt," Iger said on 2/9/2023 during an interview on CNBC. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Plus500. Iger is getting his ducks in order in his third transformation. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. I have no business relationship with any company whose stock is mentioned in this article. Key Points. 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. The stock hit an all-time high closing price of $201 on 8 March 2021, after California announced it would allow ballparks, stadia and theme parks to reopen for outdoor activities starting 1 April 2021. Furthermore, Disney paid $900m for Major League Baseballs remaining 15% stake in the streaming company BAMTech (MLB), according to a SEC filing on 30 November. Susannah Streeter, Hargreaves Lansdowns senior investment and markets analyst, said that while Disneys subscribers growth has been impressive, the revenue growth rate was expected to start slowing. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount , Universal , and Warner Bros. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Its expected to turn a profit in 2024. It's fine-tuning this formula for the streaming era, and the 10 films coming to theaters this year may make 2023 a blockbuster year for Disney. Currently, DIS is trading at an EV-to-EBITDA multiple of 18.46, which is the highest among its peers. At the time, the company said the move would conserve about $1.6 billion in cash based on the $0.88 a share it last paid. The DMED segment encompasses the company's global film and episodic television content production and distribution activities. At the time of writing (1 December 2022), the stock last closed at $97.87 per share on 30 November, having sunk 51.8% from its all-time high price of $203 on 8 March 2021. Disneys valuation multiples are also reasonably compelling. Key price drivers. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. DIS closed at $138.72 as of March 28, 2022 is -32% below its all-time peak. 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 Moves like prioritizing quality over quantity by retaining members with a few select shows could go a long way in improving profit margins. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Chart by author. Disney has undergone a challenging few years, to say the least. Disney Dividend History ( https://www.streetinsider.com/dividend_history.php?q=DIS). 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. Disney has also seen a public relations crisis of sorts relating to its handling of Floridas controversial Parental Rights in Education legislation, which has, in turn, made Florida lawmakers pass legislation that would strip Disney of self-governing status in the state from next year. Disneys stock price gained 31.9% during 2019, compared to around a 2% increase in 2018. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Disney reported Q3 revenue of $17 billion, up 45% year over year, and earnings per share of $0.80, beating estimates of $0.55. Disney was also given the authority, which it never exercised, to build a nuclear power plant and an . With our expectation that peak losses are now behind us, DTC operating results should improve going forward as we lay the foundation for a sustainably profitable business model, McCarthy said. That leads to why I think Disney has a strong shot at a great year. In the fourth quarter of 2022, Parks & Experiences booked revenue of. *Average returns of all recommendations since inception. The long-term . Type a symbol or company name. As of 1 December2022, analysts tracked by MarketBeat gave Disney stock a moderate buy rating. The parks segment has recovered well, with revenue nearly doubling year over year in the fiscal fourth quarter. Electric vehicle startup Fisker said Monday it remains on track to begin deliveries of its Ocean SUV this spring and to build more than 40,000 vehicles in 2023. |. Disney has been on a downward trajectory since the beginning of 2022, despite starting strong at $157.83 on 3 January. Consumer Products operations consist of licensing and retail. Disney is currently faced with the question of whether these changes can be made before conditions change again, and how far should the changes go? The services algorithm-driven forecasting system said the stock is an acceptable long-term investment. 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. Disney is not a buy right now. Cost basis and return based on previous market day close. Additionally, Disney recently announced that they will be introducing a new ad-supported subscription option for Disney+ in 2022. Despite theaters reopening in 2022, the market had not returned to pre-pandemic form by the end of the year. Stock Price Forecast. Some of the major properties licensed by the company include: Mickey and Minnie Mouse, Star Wars, Frozen, Disney Princess, Avengers, Spider-Man, Toy Story, Disney Classics, Winnie the Pooh and Cars. Disney CEO Bob Chapek mentioned that the company has over 340 local original titles in various stages of development and production across its direct-to-consumer platforms, which would include Hulu and ESPN+. Invest better with The Motley Fool. The content is distributed by a single organisation across three significant lines of business: Linear Networks, Direct-to-Consumer and Content Sales/Licensing. The chart above illustrates how its revenue and operating income remained nearly stagnant for most of 2021, but have shown immense improvement with pandemic reopenings. The 64 analysts offering price forecasts for Walt Disney. Currently, Disney owns about 67% of Hulu. If you rely on the information on this page then you do so entirely on your own risk. Media and . After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. If it . Consequently, it's best not to invest in Disney solely for the potential of a dividend, as there's no confirmed date of its return, and it will be marginal when it is back. 3/01/2023 Last year's stock market sell-off led shares of The Walt Disney Company (DIS -1.07%) to plunge 44% over 12 months. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. It's still recovering, but hit films are drawing in viewers. Disney's content wins are slowing down, too. The latter has expanded very successfully across international markets based on its focus on producing local language content. We expect that Iger will unwind some of the major changes put in place by Chapek. It remains our number one priority. ESPN remains the premier domestic sports television network due to its extensive sports programming. I am not receiving compensation for it (other than from Seeking Alpha). Of course, analysts are measuring the company's performance against management's guidance that Disney+ will reach between 230 million to 260 million subscriptions by fiscal 2024. 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. Key Points. I wrote this article myself, and it expresses my own opinions. And that compounds the problem of real-world inflation for Disney, which said it spent $3.6 billion on capital expenditures in the past fiscal year and will increase that by $2.5 billion in 2022 . The DIS stock price can go up from 99.500 USD to 124.869 USD in one year. Much of this content will come later in the year, as McCarthy said, "We expect Disney+ subscriber net adds in the second half of fiscal 2022 will be meaningfully higher than the first half of the year.". 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. 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. Consider Disney's 2022 film slate versus its competitors. This isnt going down well with investors, who are increasingly focusing on cash flows as interest rates rise. Since then, Marvel has been an incredible asset for Disney. Theme parks have been propping up the business, and they are clearly highly resilient assets, but there will also be concerns that as a cost-of-living crisis wages in key markets, it could see ticket sales or merchandise revenue weaken, Streeter wrote in a note on 21 November. The Marvel Cinematic Universe (MCU) has grossed more than twice the amount of the next-highest franchise, Star Wars -- also owned by Disney. Since then, Disney cleared several buy points en route to a March 8 record high last year. However, Disneys CFO Christine McCarthy said Disney+ Core subscribers were expected to only increase slightly in Q1 2022/2023 before accelerating in the next quarter. 2000-2023 Investor's Business Daily, LLC. But now it's trying to find its footing. Wall Street analysts do not provide long-term Disney share price projections. Iger has the task of finding a new CEO for Disney within the next 12-18 months. Disney's revenue sources are divided into two streams. Is this happening to you frequently? As a result, Disney has a lot of work ahead to return to its pre-pandemic form. Iger also told investors that it has new sequels in the works for Frozen, Toy Story, and Zootopia. The other two are Pixar's Elemental and Walt Disney Studios' Haunted Mansion. 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