Disney stock rose 13.6% on Dec. 11 following the announcements at the investors conference. Localized content can drive worldwide subscriber growth. Disney still has a mountain to climb to get its flagship streaming service, Disney+, to profitability, especially after taking a step back in its latest quarter by losing 2.4 million subscribers. It accounts for six of the 20 highest-grossing movies ever, and it generated 21% of all domestic ticket sales in 2020 and 2021. Remember that your decision to trade or invest should be based on your risk tolerance, market expertise, portfolio sizeand investmentgoals. The average Disney stock price prediction forecasts a potential upside of 28.69% from the current DIS share price of $101.68. That's nearly 22% below the high set on Jan. 3.". Adding all this up, the Disney+ service is clearly being undervalued by the market right now. The Motley Fool has positions in and recommends Netflix, Walt Disney, and Warner Bros. Investor confidence is mounting as Disney returns to its decades-old formula of cashing in on top franchises to grow its business. It is also a constituent of the S&P 500 index (US500). Discovery. Netflix (NFLX) is facing increased global competition in the streaming wars has recently cut pricing in over 100 markets worldwide as of February 24, 2023. Disney trades at $169.30 as of publishing, off the 52-week low of $79.07. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Media and . All these stock splits work out as 1 share purchased at IPO being the worth 384 shares today. The stock is trying to rally after underperforming since Covid struck and the company got into political hot water with Florida. The pandemic depleted its parks and box office revenue in 2020 and 2021. But we are not going to abandon the linear or the traditional platforms while they can still be a benefit to us and our shareholders.. *Real-time prices by Nasdaq Last Sale. 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. Macker also expected Disneys animated franchises across multiple platforms from movies, home videos, to musicals to continue to grow as more popular movies get released by the animated studio and Pixar. Ron DeSantis signed a bill on Monday, February 27, 2023, which gives him control of Walt Disney World's self-governing district. And the gains are not over yet. Like clockwork, the stock slid. But the big one was released on Dec. 29, a new Star Wars original series called The Book of Boba Fett. (read more). Follow Matt Krantz on Twitter at @mattkrantz, View Breakout Stocks & Technical Analysis, Get Free IBD Newsletters: Market Prep | Tech Report | How To Invest, Catch The Next Big Winning Stock With MarketSmith. The Motley Fool has positions in and recommends Walt Disney and Warner Bros. Revenue in the 2021/2022 fiscal year increased to $82.72bn, from $67.41bn in the same period in the previous fiscal year. But slowing growth from Disney's marquee streaming service, Disney+, caused the shares to slump toward the end of the year. Disney announced a restructuring plan, which could potentially result in cost savings of $5.5 billion, and the company also announced the termination of 7,000 jobs. We capture key trends in the Dow during and after major market crashes in our interactive dashboard analysis, Market Crashes Compared.'. The landscape looks a lot different these days, but some things never change, such as James Cameron's stunning ability to create incredible sales-generating films, and Disney's ability to find people like him and churn out new hits from reliable franchises. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! 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. 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. The Motley Fool has a disclosure policy. Putting Disneys stock price in the $15 territory, a long way from a previous all time stock price high around $43. I have no business relationship with any company whose stock is mentioned in this article. But the market is making the mistake of extrapolating one quarter's growth way out into the future. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. IsDisney stockis a buy right now? However, as of 2/27/2023, there are other options for income, such as CDs yielding 4.5% to 5% and 10-year US Treasuries yielding 3.95%, with 1-year yielding 4.75%. "Encanto" won the award for animated feature film. Some investors may adopt a wait-and-see approach. Cost basis and return based on previous market day close. Fourth-quarter revenue rose to $20.15bn from $18.53bn a year ago, but was 4.5% lower than consensus estimates polled by Zacks.com. Currently, DIS is trading at an EV-to-EBITDA multiple of 18.46, which is the highest among its peers. balance sheet and inputs from the stock market. Disney's revenue sources are divided into two streams. Disney is nearly doubling its content releases from top brands like "Star Wars" in fiscal 2022. 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. Is this happening to you frequently? Type a symbol or company name. Iger is getting his ducks in order in his third transformation. This move may impact Disney's streaming service, and it remains to be seen how it will affect subscriber acquisition and retention. . As Netflix (NFLX -2.69%) has demonstrated over the last 10 years, content releases lead to subscriber growth. If you rely on the information on this page then you do so entirely on your own risk. If you had invested $1,000 in Disney's IPO your stock today would be worth over 3 million dollars today. In the sites Disney stock forecast for 2023, Wallet Investor projected the stock to trade at $108.72 in December 2023. Disney stock predictions: Can Iger bring back Disneys magic? Walt Disney Co (The) Stock Price Forecast for 2022: November 2022: Open: 110.038: Close: 112.286: If Disney decides to reinstate its dividend, it may have a minimal impact on shareholder value. Dividend). But it needs to find a balance between streaming and in-person revenue. Florida is home to Disney's largest theme park complex. The consensus 12-month average Disney share price forecast was $132.07, a 34.95% potential increase from the closing price of $97.87 on 30 November. I have no business relationship with any company whose stock is mentioned in this article. In other words, the majority of Disney's theater content is almost no-brainer efforts. Key Points. Overwhelmingly, 65.4% of Benzinga traders and investors said Disney would indeed reach $250 per share by 2022. We are not in any way stepping away from streaming. The Motley Fool has a disclosure policy. The difference between trading assets and CFDs. But Disney typically outperforms other media companies in ticket sales in any given year. Fiercer competition from streaming rivalNetflix (NFLX) and a post-pandemic slowing of the stay-at-home trend have put pressure on its streaming services. He has credibility. It had been sinking in the year since, but most recently moved below its 50-day moving average. Our current forecasts indicate Disney+ will hit profitability by the end of fiscal 2024 and achieving that remains our goal. The Walt Disney Co. is a diversified international family entertainment and media enterprise. Disneys valuation multiples are also reasonably compelling. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. The media giant ranks 14th in the 20-stock Media-Diversified group, based on that rating. The company forecast YoY revenue growth in the fourth quarter of 2022 to decelerate to 0.9%. Remember that markets are volatile, and that past performance cannot guarantee future results. Disneys chief financial officer Christine McCarthy said during the earning call on8 Novemberthat she believed the losses in Direct-to-Consumer had peaked. The Walt Disney Company (DIS) Stock Historical Prices & Data - Yahoo Finance U.S. Markets closed S&P Futures +2.25(+0.06%) Dow Futures 32,830.00 +4.00(+0.01%) Nasdaq Futures 12,015.75. 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. ). When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Disney's previous guidance for spending on content production was between $8 billion to $9 billion by fiscal 2024. However, recent reports state Bob Iger has asked the board to reinstate the dividend by the end of 2023. He ultimately reached an agreement with the Disney Board, which added an ally to the Board. Guidance still points to the service reaching profitability by fiscal 2024. Disney+ added 14.4 million subscribers for a total of 152.1 million, above views. But the company kept growing. Its expected to turn a profit in 2024. Iger's success in his previous transformations makes it possible for him to succeed in his third transformation. Disney is taking a page out of Netflix's playbook. 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. According to the current price, Walt Disney is 67.20% away from the 52-week high. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. The day before, on February 8, 2022, he had said: When you think about it, Abbott Elementary airs on ABC, then it goes to Hulu. The recent rally, though, shows promise. Meantime, theme park revenue picked up. ESPN remains the premier domestic sports television network due to its extensive sports programming. The Motley Fool->. The material provided on this website is for information purposes only and should not be understood as an investment advice. Plus500. If you are already a current owner of Disney shares, it may be advisable to hold onto the stock and give Iger's transformative restructuring a chance. But the House of Mouse remains on a promising path. Disney reported a stronger than expected set of Q3 2022 results on Wednesday, sending the stock up by about 8% in pre-market trading on Thursday. Park & Experiences operates all Disneys resorts, hotels, Disneyland parks, a four-ship vacation Disneyland Cruise Line, and other entertainment facilities. *Average returns of all recommendations since inception. The relative strength line, which compares a stock's performance to the S&P 500, keeps heading sharply lower and hasn't found a solid bottom. Direct-to-Consumers (DTC) operating loss jumped to $1.47bn in the fourth quarter of fiscal2021/2022, from $630m in the previous fiscal year. Walt Disney's (DIS) theme parks are bustling again following a long slow period during the pandemic. The name was changed to The Walt Disney Studio at Roys suggestion. movie and theme park attendance and ratings for Disney-owned ABC and ESPN is up for debate. McCarthy is implying that subscription growth should follow the timing of new content releases. 2022 highest-grossing films by parent company. The streaming service was a key revenue driver during the pandemic, as people are stuck at home due to Covid restrictions. 86% of retail CFD accounts lose money, Analysts Have Strong Buys on These 2 Beaten-Down Stocks. Box N-4865, Nassau, Bahamas. Additionally, Disney recently announced that they will be introducing a new ad-supported subscription option for Disney+ in 2022. Revenue) or per share (e.g. Investors should consider buying Disney stock if they are willing to wait for two years and carefully consider their opportunity costs and potential yields in other instruments. This move could attract yield investors whose mandate is not to buy stocks with no yield to initiate positions. I wrote this article myself, and it expresses my own opinions. This sets the stage for a long-term vision for the company that focuses on the streaming business, margin improvement, cost reduction, and strategic reorganization. Stock Price Forecast. It should be noted that conditions have already begun to change. Learn More. Disney has also acquired several companies to reach wider audiences. What is DIS's Earnings Per Share (EPS) forecast for 2023-2025? 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. Historically, Disney's dividend yield ranged from 0.6% to 1.6% between 2011 to 2019. Its "Lightyear" film opened to disappointing results. The services algorithm-driven forecasting system said the stock is an acceptable long-term investment. 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. As of 1 December, 22 analysts tracked by Market Beat recommended a moderate buy rating for Disney stock, while 19 recommended a buy and three gavea hold rating. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. The reopening of Walt Disney's (DIS -1.07%) theme parks and growth from its three streaming services (Disney+, Hulu, ESPN+) wasn't enough to push the stock higher in 2021. Investors probably shouldnt worry too much about the rising investments Disney is making into its content and streaming operations. (Author's comments in January 2023. The parks segment has recovered well, with revenue nearly doubling year over year in the fiscal fourth quarter. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21st Century Fox. It only grossed roughly $156 million through late June, below its $200 million budget. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Let's assess. *Average returns of all recommendations since inception. Learn More. However, the streaming business remains cash-intensive with Disney ramping up content spending by $8 billion this year to support its Direct to consumer offering, while projecting that the business will only be profitable in 2024. As of 1 December2022, analysts tracked by MarketBeat gave Disney stock a moderate buy rating. The company was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA. This announcement could be a catalyst for the DIS stock to find a new direction, with the possibility of it being the single most significant factor impacting the stock price in the next 18 months. account day-to-day movements in market value compared to a companys liability structure. In the last year, DIS' stock price corrected by -25.8%, and . 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. The list includes 21st Century Fox, Marvel Studios, Lucasfilm, Pixar and Blue Sky Studios. Market participants seem to have extrapolated one quarter's growth out into the future, which doesn't make any sense. The Marvel Cinematic Universe (MCU) has grossed more than twice the amount of the next-highest franchise, Star Wars -- also owned by Disney. Disney is ending calendar 2021 with a bang, but there is much more on the way that could be explosive for subscriber growth. The score provides a forward-looking, one-year measure of credit Realtime quote and/or trade prices are not sourced from all markets. A second location in Orlando, Fla., was announced in 1965. DTCs full year 2021/2022 revenue was up 8% to $55.04bn, from $50.86bn during the same period a year earlier. 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. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. However, if you are not currently a holder of Disney shares, it may not be the best time to buy. Since the corporate strategy is to continue focusing on streaming for sustainable profitability, Hulu is a valuable asset that supports this strategy. Get the latest Netflix news, plus stock quotes and analysis. If you have an ad-blocker enabled you may be blocked from proceeding. *Stock Advisor returns as of February 8, 2023. The companyrode the pandemic-induced streaming boom into the first quarter of 2021. The China Trade: Demand Boom or Inflationary Bust? 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. 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. Wall Street analysts do not provide long-term Disney share price projections. The Disney stock price targets ranged from a high of $185and a low of $94. That includes Pixar's "Luca," "Raya and the Last Dragon" and "Encanto." 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. Under Iger's 14-year-plus tenure, Disney stock soared more than 400%, or about 12% annualized. The long-term . Disney was also given the authority, which it never exercised, to build a nuclear power plant and an . CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. We take a look at recentnews, the stocks price history and the latest Disney stock forecast. Meanwhile, a return to parks and box office ticket sales will keep the company growing until then. 2000-2023 Investor's Business Daily, LLC. 3 Dates for Disney Stock Investors to Circle in March, Disney Can't Make a Multiplex Mountain Out of an Ant Hill, This Could Be a Reason Disney Stock Soars This Year, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, This State Has the Highest Real Estate Taxes (and It's Not Even Close), Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. "We are intent on reducing our debt," Iger said on 2/9/2023 during an interview on CNBC. There's just so much to unpack when it comes to the world's largest (and perhaps most complex) entertainment company. DMED covers global film and episodic television content production and distribution activities. Disneys earnings are likely to rebound strongly this year, driven primarily by the recovery in its lucrative theme park business. DPEPs operations has two main business lines: Parks & Experiences and Consumer Products. It's one of Pixar's only bombs. 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. However, with a solid return of park guests and theater audiences, Disney looks to be back on the path to growth. It also licenses characters from its film, television and other properties for use on third-party products and earns royalties. Source: FactSet. According to the numbers, the earnings per share hit $1.06. Invest better with The Motley Fool. Despite strong first-quarter results, Wall Street analysts have very different views on varying parts of the . Invest with Trefis Market Beating Portfolios. 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 Disney stock price targets ranged from a low of $94 to the high of $185. christi jo nichols body found, cfl practice squad salary, $ 185 the Dow during and after major market crashes Compared..... 67.20 % away from streaming rivalNetflix ( NFLX ) and a post-pandemic slowing the!, based on this website is for information purposes only and should be. Entirely on your own risk forward-looking, one-year measure of credit Realtime quote and/or trade are. 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