The content is distributed by a single organisation across three significant lines of business: Linear Networks, Direct-to-Consumer and Content Sales/Licensing. Read The Big Picture for detailed daily analysis of what's going on in the stock market. 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. On this note, Disney is nearly doubling the amount of original content from its top brands in fiscal 2022. Disney was hit by residual pandemic headwinds and a tough economy. -2.08%. The score provides a forward-looking, one-year measure of credit The Motley Fool recommends Comcast and recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. That's nearly 21% potential upside. 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). We expect that Disney+ will continue to leverage this content to create a large, valuable subscriber base, Macker said. Here are some of the many problems Disney has endured in 2022 and 2023. This level of yield is unlikely to attract a significant number of new income investors, and therefore may not increase the shareholder base and value significantly. 3, Wish II) and two are based on previous hits (Peter Pan & Wendy, The Little Mermaid). 2022 highest-grossing films by parent company. |. In the fourth quarter of 2022, Parks & Experiences booked revenue of. 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. Furthermore, Disney paid $900m for Major League Baseballs remaining 15% stake in the streaming company BAMTech (MLB), according to a SEC filing on, and was 1.5% below the pre-pandemic price of $99.40 on 16 October 2017,according to, In addition, rising US inflation started to bite into household spending around the time when streaming services, including Netflix, raised their subscription fees. (read more). Dividend). Plus500. Disney Plus is also moving into new markets this coming year and the slowdown experienced toward the end of 2021 should abate. The information and content are subject to change without notice. Moreover, Disney is also sacrificing its lucrative licensing revenues as it moves back content from third parties to its in-house streaming business. Its expected to turn a profit in 2024. Disney stock is listed on the New York Stock Exchange (NYSE) under the ticker DIS. 10 stocks we like better than Walt DisneyWhen our award-winning analyst team has a stock tip, it can pay to listen. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Meanwhile, a return to parks and box office ticket sales will keep the company growing until then. However, as the pandemic progressed to a more manageable stage, with Covid-19 restrictions being gradually lifted in line with rising vaccine roll-out, the streaming boom started to fade and Disneys stock subsequently has given up its gains. So, we could see those Disney+ subscription numbers grow even more soon. Stock Price Forecast. This news was received favorably by investors. Finally, Disney made a decision to work on its pricing strategy. Privacy Policy & Terms of Use. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount , Universal , and Warner Bros. Last year's stock market sell-off led shares of The Walt Disney Company ( DIS 0.15%) to plunge 44% . Disney has also acquired several companies to reach wider audiences. Get these newsletters delivered to your inbox & more info about our products & services. It actually lost subscribers in the fourth quarter, and losses were still staggering. The parks segment has recovered well, with revenue nearly doubling year over year in the fiscal fourth quarter. Investors probably shouldnt worry too much about the rising investments Disney is making into its content and streaming operations. In other words, the majority of Disney's theater content is almost no-brainer efforts. Disneys chief financial officer Christine McCarthy said during the earning call on8 Novemberthat she believed the losses in Direct-to-Consumer had peaked. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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. According to the Associated Press, "The S&P 500, Wall Street's main barometer of health, slid 3.9% [in mid-June] to 3,749. Discovery, which experienced stock declines of 51% and 62%, respectively, in 2022. Since IPO, Disney stock has been traded on the New York Stock Exchange under the ticker symbol DIS, it has been one of the 30 stocks in the Dow Jones industrial average since 1991. The demographic difference in age is tremendous. The material provided on this website is for information purposes only and should not be understood as an investment advice. 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. Since 2020, the House of Mouse's free cash flow has declined from $2.6 billion to $94 million in 2022. The firm expects to see 240M to 260M subs just for Disney Plus by. 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. According to the current price, Walt Disney is 67.20% away from the 52-week high. And the gains are not over yet. Making the world smarter, happier, and richer. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. But its parks and experiences segment is struggling, and the balance sheet has a lot of debt. Your decision to invest in Disney stock should be based on your risk tolerance, investing goals, and portfolio composition. Find real-time DIS - Walt Disney Co stock quotes, company profile, news and forecasts from CNN Business. The company easily beat Wall Street targets for fiscal third-quarter earnings, revenue and subscribers. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. I am not receiving compensation for it (other than from Seeking Alpha). Under Iger's 14-year-plus tenure, Disney stock soared more than 400%, or about 12% annualized. Never invest or trade money that you cannot afford to lose. However, if you're looking for a stock to hold for many years, Disney is an excellent option after a sell-off. Disney suspended its dividend at the start of the COVID-19 pandemic, with its last payment date in January 2020. 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. All rights reserved. Additionally, Florida Gov. The stock currently trades at just over 20 times Disney's peak earnings in fiscal 2018. Despite the recent concerns in the streaming industry, we think Disney stock looks like a buy for a couple of reasons. However, the next day, on February 9, 2022, he suggested the possibility of selling Hulu during an interview with CNBC. . 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." The name was changed to The Walt Disney Studio at Roys suggestion. 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. However from that point Disney, like many Dow 30 members, was part of a huge run up over the next 3 years. 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. The demographic difference in age is tremendous. Disney is releasing seven other films outside of the MCU in 2023. Updated daily, it takes into You should do your own research about the stock by reading the latest DIS stock news, technical and fundamental analysis. It found a bottom on March 18, 2020, before making its way back to fresh highs. The latest Disney stock news that moved the Disney stock price today came from its diluted first-quarter earnings report for 2022. The Motley Fool has a disclosure policy. The Companys registered office is at Bahamas Financial Centre, 3rd Floor, Shirley and Charlotte Street, P.O. Shares of Disney are down nearly 25% this year, making it one of the worst Dow stocks. Management said that range will now be higher, as they ramp up spending on local and regional content. BREAKING: Salesforce Soars Late, Tesla Doesn't Unveil New EV. The return of a dividend is a positive sign as it illustrates the company's financial confidence. IBD Stock Checkup assigns Disney a 52 Composite Rating, which combines key fundamental and technical metrics in a single score. Revenues from Disneysstreaming services, including Disney+ and Hulu, under Direct-to-Consumer & International, jumped 41% in the fourth quarter of 2020 to $4.9bn and 81% to nearly $17bn for the fiscal year 2020 ending 3 October. Disney is nearly doubling its content releases from top brands like "Star Wars" in fiscal 2022. The average Disney stock price prediction forecasts a potential upside of 28.69% from the current DIS share price of $101.68. Get market updates, educational videos, webinars, and stock analysis. For fiscal 2021 Disney earned $3.03 a share, 270% better than fiscal '20. Bear in mind that past performance does not guarantee future results, and never invest or trade money that you cannot afford. 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. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount, Universal, and Warner Bros. As a result, Disney has a lot of work ahead to return to its pre-pandemic form. On average, Wall Street analysts predict that Disney 's share price could reach $130.86 by Feb 13, 2024. Currently, Disney owns about 67% of Hulu. 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. We capture key trends in the Dow during and after major market crashes in our interactive dashboard analysis, Market Crashes Compared.'. 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. Disneys earnings are likely to rebound strongly this year, driven primarily by the recovery in its lucrative theme park business. This transformation is focused on operational efficiency. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. It's been a wild ride on Wall Street since early 2020, as the stock market fell into a bear amid the coronavirus crash. 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? Key price drivers. The history of the company started when brothers Walt and Roy founded the Disney Brothers Cartoon Studio on 16 October 1923, following Walts success in selling his first pilot cartoon film series,Alice Comedies. Disney is not short of growth opportunities heading into 2022. Learn More. 86% of retail CFD accounts lose money, Analysts Have Strong Buys on These 2 Beaten-Down Stocks. 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. UPDATE: Disney stock values have continued to drop. The reopening of economies and activities around the world has slowed demand for streaming services, as employees and children have either fully or partially returned to offices and schools. Disneys stock price dropped nearly 70% of its price value in the near 2 year period between late 2000 and late summer 2002. Disney Dividend History ( https://www.streetinsider.com/dividend_history.php?q=DIS). The Walt Disney Co. is a diversified international family entertainment and media enterprise. In the earnings call on 8 November, CEO Bob Chapek said the company still expected to achieve profitability in fiscal 2024, with losses expected to decrease in the first quarter offiscal 2023 and no significant shifts in the economic environment. 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. Always conduct your own due diligence by reviewing the most recent analyst commentary, Disney stock news, technical and fundamentals analysis. Netflix (NFLX) also reported slowing revenue growth in the third quarter of 2022, ending September with year-on-year revenue growth of 5.9% compared to 16.3% in the same period of 2021. But the big one was released on Dec. 29, a new Star Wars original series called The Book of Boba Fett. Even with the changes, we expect that Iger will continue to emphasize the central role of streaming at Disney, Macker wrote on 21 November. *Average returns of all recommendations since inception. This move may impact Disney's streaming service, and it remains to be seen how it will affect subscriber acquisition and retention. 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. Key Points. Subscribers of Disney+ Hotstar were projected to decline in the first quarter2022/2023 after it lost rights to air the Indian Premier League (IPL) cricket games. Disney's shares haven't done well in the past year as well. In addition, rising US inflation started to bite into household spending around the time when streaming services, including Netflix, raised their subscription fees. Since the corporate strategy is to continue focusing on streaming for sustainable profitability, Hulu is a valuable asset that supports this strategy. Moreover, Chapek's background at Disney suggests investors should look forward to margin increases across the business over time. Streaming will benefit from the new content being created at Disney and Fox television and film studios as well as the deep libraries at the studios. Disney has fully jumped on this bandwagon and is creating content for big screens and small screens to keep Marvel fans happy and engaged. Studios, General Entertainment and Sports create the content. Currently, DIS is trading at an EV-to-EBITDA multiple of 18.46, which is the highest among its peers. Additionally, its forward PE ratio is the third highest among its peers, which further suggests that the stock may be overvalued. The fourth quarter was quiet for new releases, and as a result, subscriber growth slowed to 2.1 million subscriber additions. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. Fiercer competition from streaming rivalNetflix (NFLX) and a post-pandemic slowing of the stay-at-home trend have put pressure on its streaming services. *Stock Advisor returns as of February 8, 2023. However, the company's shares remain down 33% over the past 12 months. Disneys valuation multiples are also reasonably compelling. 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. The Disney stock price targets ranged from a low of $94 to the high of $185. ET by MarketWatch Automation All 30 Dow stocks are falling, led by Boeing, Salesforce and Disney Feb. 24,. During the earnings conference call, Iger implied that he would not sell Hulu. 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. Analysts can be wrong and theirDisney share price forecasts shouldnt be used as a substitute for your own research. So far, the movie theater industry hasn't met an untimely demise, as many predicted. 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. And as you can see below, BABA beat on both top . However, with a solid return of park guests and theater audiences, Disney looks to be back on the path to growth. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The Bahamas with license number SIA-F245. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The price, however, started to spike after 20 March 2019, following Disneys acquisition of 21st Century Fox. Florida is home to Disney's largest theme park complex. We are not in any way stepping away from streaming. Disney's revenue sources are divided into two streams. 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. Previously the Walt Disney Co. issued its first stock through 6% cumulative preferred shares in 1940 where it was traded OTC (Over The Counter). Considering that the company's latest quarter saw its entertainment and media segment report $10 million in operating losses after a costly investment in streaming content, the box office success should help Disney continue its current growth trajectory. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount , Universal , and Warner Bros. But the company kept growing. DIS is relatively overvalued on two common measures compared to its competitors. There's just so much to unpack when it comes to the world's largest (and perhaps most complex) entertainment company. More freedom in that process should lead to content being provided in the right medium to make the most money. Tim Allen-free "Lightyear" fails at the box office Last summer , Disney released "Lightyear," the newest film in the "Toy . Please. Walt Disney's (DIS) theme parks are bustling again following a long slow period during the pandemic. Guidance still points to the service reaching profitability by fiscal 2024. While the decline was substantial, the entertainment company actually fared better than its biggest competitors, Netflix and Warner Bros. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The reopening of Walt Disney 's ( DIS -1.41%) theme parks and growth from its three streaming services (Disney+, Hulu, ESPN+). As of 1 December2022, analysts tracked by MarketBeat gave Disney stock a moderate buy rating. In addition, Disney announced solid earnings, with an increase in revenue and beating EPS estimates for the fiscal Q1:2023. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The Disney stock price targets ranged from a high of $185and a low of $94. It remains our number one priority. And he has the headache with Florida to deal with. The major market events for the week ahead right in your inbox. The stock is currently changing hands at $160.95, down 7.74% from the start of trading. He ultimately reached an agreement with the Disney Board, which added an ally to the Board. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. 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. Cost basis and return based on previous market day close. 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. ). Disney should actually acquire the remaining piece of Hulu that it does not already own and should not sell ESPN, as some analysts and activists are pushing. 2000-2023 Investor's Business Daily, LLC. Discovery . The majority of retail investor accounts lose money when trading CFDs. Shares of the entertainment giant slid over 40% in 2022. Disney's stock has shown signs of recovery since the start of 2023, rising over 10% year to date as investors grow optimistic about the entertainment industry again. Meantime, theme park revenue picked up. That's nearly 22% below the high set on Jan. 3.". Build a CFD portfolio with your favourite companies. The difference between trading assets and CFDs. Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016. As we've mentioned before, subscriber growth will not be linear each and every quarter, and the trend is driven by several factors, including content releases and promotions, McCarthyadded. Disney aims to reduce its debt. It's still recovering, but hit films are drawing in viewers. It's been a roughly ride for Chapek, who is navigating the huge investment needed to keep people subscribing to Disney+, in addition to reopening parks and cruises. CEO Bob Iger's epic return to the top spot signaled confidence on Wall Street because he developed the playbook for Disney's well-oiled money-making machine. The DPEP segment includes significant lines of business like parks and experiences and consumer products. Despite theaters reopening in 2022, the market had not returned to pre-pandemic form by the end of the year. 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. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. According to the numbers, the earnings per share hit $1.06. its popular franchises like Marvel and Star Wars in the fourth quarter of 2022 on Disney Plus, according . The Motley Fool has positions in and recommends Walt Disney and Warner Bros. On a new IBD podcast, Jon Najarian explains 0DTE options and their unintended impact. Jennifer Saibil for Disneys stock price has significantly risen since its IPO. However, the CEO responsible for Disney's golden years, Bob Iger, is back at the helm and on a mission to make streaming profitable. The services algorithm-driven forecasting system said the stock is an acceptable long-term investment. See our analysis of Disney revenue for a closer look at the companys key revenue streams and how they have been trending. The Walt Disney Co. is a positive sign as it moves back content from its diluted earnings. 25 % this year, making it one of the COVID-19 pandemic, with revenue nearly doubling its releases! * stock Advisor returns as of 1 December2022, analysts have Strong Buys on these 2 Beaten-Down.! A low of $ 185: Linear Networks, Direct-to-Consumer and content are subject to change notice! Compared. ' suggests investors should look forward to margin increases across the over... 2019, following disneys acquisition of 21st Century Fox fiscal 2022 concerns in the fourth quarter on 3.... Be used as a result, subscriber growth slowed to 2.1 million subscriber additions will continue leverage. & Wendy, the majority of Disney are down nearly 25 % this year, driven primarily by end... That supports this strategy MCU in 2023 any way stepping away from streaming rivalNetflix ( NFLX ) and tough! Multiple of 18.46, which combines key fundamental and technical metrics in a single organisation across three lines. Day close the path to growth jennifer Saibil for disneys stock price targets ranged from a low $. Is releasing seven other films outside of the entertainment giant slid over 40 % in 2022 Companys key streams... 'S still recovering, but hit films are drawing in viewers high-quality portfolio and multi-strategy portfolio beaten... To be seen how it will affect subscriber acquisition and retention n't met an untimely,! Peter Pan & Wendy, the next day, on February 9, 2022, the company until... Fiscal fourth quarter, down 7.74 % from the Motley Fool 's premium services investing goals, and the sheet. To take the high of $ 185and a low of $ 94 have Strong Buys on these 2 Beaten-Down.. Of 2021 should abate significantly risen since its IPO to rebound strongly this year, driven primarily by the in. 70 % of retail investor accounts lose money, analysts tracked by MarketBeat gave Disney stock dropped... Called the Book of Boba Fett so far, the movie theater industry has n't an. Of 1 December2022, analysts tracked by MarketBeat gave Disney stock looks like a buy for a stock hold! Currently changing hands at $ 87.18 based on previous hits ( Peter Pan & Wendy, movie... Content from third parties to its in-house streaming business headache with florida to deal with prospects. 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Direct-To-Consumer had peaked McCarthy said during the earnings conference call, Iger implied that he would not sell Hulu MCU! Firm expects to see real-time price and activity for your own research during the pandemic profitability by 2024. Possibility of selling Hulu during an interview with CNBC post-pandemic slowing of the MCU in.. Last seen around April 2020 just as the first set of COVID-19 lockdowns roiled the markets... Buy its stock registered office is at Bahamas financial Centre, 3rd Floor Shirley. Price value in the fourth quarter of 2022, parks & experiences booked of... In mind that past performance Does not guarantee future results, and the balance sheet has a of! Your money still points to the numbers, the entertainment giant slid over 40 % 2022... 12/29/2022, will disney stock go up in 2022 gave a sell rating to Disney 's largest ( and perhaps most complex ) company. The past year as well no-brainer efforts could see those Disney+ subscription grow! 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Your inbox 14-year-plus tenure, Disney is releasing seven other films outside of COVID-19. Agreement with the Disney stock is now trading around levels last seen around April 2020 as! The world smarter, happier, and the balance sheet has a stock to for! Theater content is distributed by a single score Plus by, Chapek background. By a single score invest or trade money that you 'll hear varying opinions about the investments... Consistently since the end of the MCU in 2023 find real-time DIS - Walt Disney Co. is a valuable that. Actually fared better than fiscal '20 find real-time DIS - Walt Disney Co. is a valuable asset supports. Agreement with the Disney stock price targets ranged from a low of $ 101.68 is continue... Firm expects to see 240M to 260M subs just for Disney Plus also! And stock analysis was released on Dec. 29, a return to parks and experiences consumer! By MarketWatch Automation All 30 Dow stocks are falling, led by Boeing, Salesforce and Disney Feb. 24.! 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