Even with the changes, we expect that Iger will continue to emphasize the central role of streaming at Disney, Macker wrote on 21 November. 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. Data source: IMDB. This measure against the company poses a political risk, as it may waste management's time and resources. Iger is getting his ducks in order in his third transformation. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. In a move worthy of an Oscar, Iger directed the acquisition of Marvel Studios in 2009 for $4 billion. More freedom in that process should lead to content being provided in the right medium to make the most money. It's a new calendar year for Walt Disney (NYSE: DIS) investors, and so far, 2023 looks pretty good. . 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. So far, the movie theater industry hasn't met an untimely demise, as many predicted. Stronger revenue from Disneys Parks & Experiences segment helped to cushion losses from the DTC. Disney has fully jumped on this bandwagon and is creating content for big screens and small screens to keep Marvel fans happy and engaged. In other words, the majority of Disney's theater content is almost no-brainer efforts. 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. The next stock split happened over a decade later in March 1986 when a 4 for 1 stock split took place. Stock Market Falls Ahead Of Inflation Report; Just A Bullish Pause? call +44 20 3097 8888 support@capital.com. In November, Disney released Peter Jackson's Beatles documentary and Marvel's Hawkeye. For 2023 fiscal year, Disneyexpected to spend cash content in the low of $30bn and $6.7bn of capital expenditure, up from $5bn in the 2022 fiscal year, McCarthy said. We take a look at recentnews, the stocks price history and the latest Disney stock forecast. 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 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. IsDisney stockis a buy right now? However, Disney's stock rallied to a high of $118.18 on 2/9/2022 and closed the day at $110.36. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The stock is currently changing hands at $160.95, down 7.74% from the start of trading. John Ballard owns Netflix and Walt Disney. 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. Localized content can drive worldwide subscriber growth. 86% of retail CFD accounts lose money, Analysts Have Strong Buys on These 2 Beaten-Down Stocks. In addition, rising US inflation started to bite into household spending around the time when streaming services, including Netflix, raised their subscription fees. Read on to find out. The stock price is currently down 14.5% year to date, trailing the 27% return of the S&P 500 index. Learn all the ways IBDs top investing tools can help you succeed in the market! McCarthy is implying that subscription growth should follow the timing of new content releases. Disney just began to tap into this pipeline in the last month. The California-based companys businesses include media networks, studio entertainment, interactive media, consumer products, theme parks and resorts. Image source: Walt Disney. The recent rally, though, shows promise. Historically, Disney's dividend yield ranged from 0.6% to 1.6% between 2011 to 2019. They just revealed what they believe are the ten best stocks for investors to buy right now and Walt Disney wasn't one of them! Discovery, which experienced stock declines of 51% and 62%, respectively, in 2022. These are planned for release over the next few years. Then, economic declines in 2022 strained the streaming industry as people reduced discretionary spending. The latter has expanded very successfully across international markets based on its focus on producing local language content. 10 stocks we like better than Walt DisneyWhen our award-winning analyst team has a stock tip, it can pay to listen. DIS. Axon Stock Lights Up On Big Earnings Beat, Taser News, Apple Is Still The Richest Company By Squatting On Your Money. Opinions expressed by Forbes Contributors are their own. However, whether Disney stock is a good buy will depend on your investing goals and portfolio composition. The Motley Fool->. The Motley Fool has positions in and recommends Walt Disney and Warner Bros. Our current forecasts indicate Disney+ will hit profitability by the end of fiscal 2024 and achieving that remains our goal. DIS . 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. It booked earnings per share (EPS) of $0.30 in the fourth quarter, down from $0.37 in the prior-year quarter. On a new IBD podcast, Jon Najarian explains 0DTE options and their unintended impact. Disney Channels programming is made up of internally developed hits based on Disneys extensive library of feature films and animated characters. Since then, Disney cleared several buy points en route to a March 8 record high last year. Three are sequels in a franchise (Indiana Jones and the Dial of Destiny, Guardians of the Galaxy Vol. Tim Allen-free "Lightyear" fails at the box office Last summer , Disney released "Lightyear," the newest film in the "Toy . Luke Skywalker, Leia Organa, Han Solo Could Be Returning To Star Wars: Will The Force Be Strong With Deepfake Technology? 3/01/2023 Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. You'll want to wait until the market is in a confirmed uptrend, which means investors can buy leading stocks at proper buy points. 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. Disney (DIS) is seeing the magic fade from its stock after gaining during the Covid-19 pandemic-induced boom experienced by streaming services. Since then, Marvel has been an incredible asset for Disney. On the retail operation, the company sells Disney, Marvel, Pixar and Lucasfilm-branded products through retail stores and internet sites globally. Currently, DIS is trading at an EV-to-EBITDA multiple of 18.46, which is the highest among its peers. Disney is not a buy right now. It's one of Pixar's only bombs. Throughout its near century-long history, Disney has grown into a multi-billion-dollar business, famous for its flagship family-oriented brands. 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. 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. Disney stock is struggling to regain its footing as the economy bounces back from the worst of the pandemic. We were not perceived to be as accessible or as affordable to many segments as we probably should have been." 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. Disney has grown its revenue and operating income steadily since 2020 despite various headwinds. Disney aims to reduce its debt. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. 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. Dividend). 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. The Motley Fool has a disclosure policy. Disneys content investments are also likely to be much more durable, given its iconic franchises, unlike Netflix which focuses a lot more on one-off shows. In the surprise boardroom shuffle, Iger will serve as Disneys CEO for two years. 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. Plus500. And the gains are not over yet. 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+. Its clear that some of our pricing initiatives were alienating to consumers. Disney stock soars after Bob Iger replaces Bob Chapek as CEO By Ariel Zilber and Alexandra Steigrad November 21, 2022 8:15am Updated Disney's stock price soared 10% after Bob Iger agreed. Dani Cook has no position in any of the stocks mentioned. You should conduct your own due diligence, and never invest or trade money you cannot afford to lose. The company added 14.6 million new subscriptions from its streaming service in the fourth quarter, bringing its total subscriptions for 2021/2022 to more than 235 million, said Chapek. The major market events for the week ahead right in your inbox. He has credibility. But now it's trying to find its footing. On average, Wall Street analysts predict that Disney 's share price could reach $130.86 by Feb 13, 2024. 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. That includes Pixar's "Luca," "Raya and the Last Dragon" and "Encanto." I wrote this article myself, and it expresses my own opinions. But the House of Mouse remains on a promising path. These fans then go on to further engage with the MCU through theater releases and content-based products. The China Trade: Demand Boom or Inflationary Bust? Why I rated Disney (NYSE:DIS) as a Sell in December 2022 is because of weak fundamentals, uncertainty surrounding the return of CEO Bob Iger, competition, and the highly variable financial performance of Disney, which is cyclical. On this note, Disney is nearly doubling the amount of original content from its top brands in fiscal 2022. Over Q2 FY22, Disneys Parks, Experiences, and Products segments results came in ahead of expectations at $6.7 billion, marking an increase of 110% year-over-year, despite this being a seasonably weak quarter which also saw a surge in omicron-related Covid cases. Disney Entertainment: entertainment media and content businesses globally, including streaming. Disney has also acquired several companies to reach wider audiences. Since the beginning of 2022, Disneys stock has declined by 37%, steeper than 14.51% lost over 2021and was 1.5% below the pre-pandemic price of $99.40 on 16 October 2017,according to Trading Viewdata. In early November, Disney made a surprise leadership change, reinstalling Bob Iger as CEO, in an attempt to turn things around. This was a remarkable jump from the earnings of the same quarter in the previous year that came in at $0.32. Never invest or trade money that you cannot afford to lose. Key price drivers. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. on Q1:2023 conference call on 2/8/2023. Disney's shares haven't done well in the past year as well. To make the world smarter, happier, and richer. Another activist investor, Dan Loeb, advised Disney, took a stake in the company, and pushed for change during the second half of 2022. Marvel has two more films for theater release in 2023, and another seven slated for release through 2026. 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 number includes 12 million Disney+ subscribers and nine million Core Disney+ subscribers. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21. 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. (read more). 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. . Florida is home to Disney's largest theme park complex. Revenue) or per share (e.g. It's still recovering, but hit films are drawing in viewers. While revenue rose 26% year-over-year to. I believe Hulu is a strategic fit and should not be sold. Learn More. DTCs full year 2021/2022 revenue was up 8% to $55.04bn, from $50.86bn during the same period a year earlier. The streaming industry, in general, has been facing headwinds as people consume less content online as the economy opens up post-Covid. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Adding all this up, the Disney+ service is clearly being undervalued by the market right now. NFLX have dropped nearly 15% so far in 2022. It should be noted that conditions have already begun to change. of $0.30 in the fourth quarter, down from $0.37 in the prior-year quarter. 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. "Encanto" won the award for animated feature film. 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 Disney films won 23 Oscar nominations. You should do your own research about the stock by reading the latest DIS stock news, technical and fundamental analysis. I have no business relationship with any company whose stock is mentioned in this article. The demographic difference in age is tremendous. While Covid-19 restrictions have limited its themeparkoperations, Macker believed the segment will rebound after capacity restrictions are lifted, partly because families still view the parks as prime vacation destinations. DIS is relatively overvalued on two common measures compared to its competitors. 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. The stock is trying to rally after underperforming since Covid struck and the company got into political hot water with Florida. 2022 highest-grossing films by parent company. Disney may also be engaging with other investors, whether activists or others, and the management appears to have received the message that a strategy for turnaround and sustainability was necessary. Remember that markets are volatile, and that past performance cannot guarantee future results. 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. It only grossed roughly $156 million through late June, below its $200 million budget. It also licenses characters from its film, television and other properties for use on third-party products and earns royalties. 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. It's been a wild ride on Wall Street since early 2020, as the stock market fell into a bear amid the coronavirus crash. Morningstar assigned Disney a wide economic moat rating and $170 fair value estimate in its Disney stock forecast. Since the corporate strategy is to continue focusing on streaming for sustainable profitability, Hulu is a valuable asset that supports this strategy. 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. Since my return, I have drilled down into every facet of the streaming business to determine how to achieve both profitability and growth.. 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. 2023 Capital Com Online Investments Ltd. The company easily beat Wall Street targets for fiscal third-quarter earnings, revenue and subscribers. Discovery. 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. In early November, Disney made a surprise leadership change, reinstalling Bob Iger as CEO, in an attempt to turn things around. We. Direct-to-Consumers (DTC) operating loss jumped to $1.47bn in the fourth quarter of fiscal2021/2022, from $630m in the previous fiscal year. Disney is much more than Marvel. DMED covers global film and episodic television content production and distribution activities. However, Disney's recent success with Avatar: The Way of Water could mean audiences are truly back. Currently, Disney owns about 67% of Hulu. Always conduct your own due diligence by reviewing the most recent analyst commentary, Disney stock news, technical and fundamentals analysis. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. However, this takeover is not expected to impact Disney's cash flow. Disneys stock price steadily grew during these stock split periods finally going past $25 in 1997, there was slight tumultuous period over the next few years but Disneys stock price was most hit in the early part of the next decade. The demographic difference in age is tremendous. Management said that range will now be higher, as they ramp up spending on local and regional content. Both Nasdaq (32.7% down from its peak) and Dow Jones (17% below its peak) are also presenting slumps. It earns the largest affiliate fees per subscriber of any cable channel and generates cash from advertisers looking to reach adult males aged 18 to 49, a critical demographic. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount, Universal, and Warner Bros. As noted earlier, fiscal '21 EPS rose. According to the numbers, the earnings per share hit $1.06. Fiercer competition from streaming rivalNetflix (NFLX) and a post-pandemic slowing of the stay-at-home trend have put pressure on its streaming services. Moreover, Chapek's background at Disney suggests investors should look forward to margin increases across the business over time. The latest Disney stock news that moved the Disney stock price today came from its diluted first-quarter earnings report for 2022. But the market is making the mistake of extrapolating one quarter's growth way out into the future. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount , Universal , and Warner Bros. If you rely on the information on this page then you do so entirely on your own risk. It accounts for six of the 20 highest-grossing movies ever, and it generated 21% of all domestic ticket sales in 2020 and 2021. It has also masterfully designed all of the content to work together, so viewers would need to follow the stories on streaming to understand all of the developments accounted for in the films released in theaters. Ticket sales are a central element in recovering costs for expensive content, and in sending the right films to theaters to add to profitability without cutting into streaming efforts. 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, Disney World to Loosen Reservation Regulations, 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), Disney still has a mountain to climb to get its flagship, 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The long-term . However, the next day, on February 9, 2022, he suggested the possibility of selling Hulu during an interview with CNBC. If you have an ad-blocker enabled you may be blocked from proceeding. Its expected to turn a profit in 2024. As of May 10th, 2022, the stock was trading at around $108.49. 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. The company reports fiscal fourth-quarter results in November. Making the world smarter, happier, and richer. The former provides licences on a diverse range of product categories, including toys, apparel, games, accessories, and footwear. which lost subscribers. Ownership data provided by Refinitiv and Estimates data provided by FactSet. That's nearly 21% potential upside. $7.42bn, jumping 36% from the year-ago period of $5.45bn. ) Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: All these stock splits work out as 1 share purchased at IPO being the worth 384 shares today. Discovery . Disney is taking a page out of Netflix's playbook. Updated daily, it takes into Invest better with The Motley Fool. GERMANY - 2022/05/30: In this photo illustration, a Disney logo seen displayed on a tablet. 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. Despite strong first-quarter results, Wall Street analysts have very different views on varying parts of the . 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. A second location in Orlando, Fla., was announced in 1965. Several catalysts led to Disney stock price to increase in 2023. But the company kept growing. Since reaching an all-time high closing price in March 2021. Yes. Find real-time DIS - Walt Disney Co stock quotes, company profile, news and forecasts from CNN Business. |. Disney Plus is also moving into new markets this coming year and the slowdown experienced toward the end of 2021 should abate. But its parks and experiences segment is struggling, and the balance sheet has a lot of debt. The following year, Walt passed away, leaving Roy in charge. Disney Dividend History ( https://www.streetinsider.com/dividend_history.php?q=DIS). Disney was hit by residual pandemic headwinds and a tough economy. Is it profitable to invest in Walt Disney Co (The) stock? Theatrical releases, though, continue to struggle. The DPEP segment includes significant lines of business like parks and experiences and consumer products. If Disney decides to reinstate its dividend, it may have a minimal impact on shareholder value. 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. 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. For fiscal 2021 Disney earned $3.03 a share, 270% better than fiscal '20. 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. Please disable your ad-blocker and refresh. But given Netflix's operating margin of 23.5%,Disney+ should be a major contributor to Disney's bottom line. The parks segment has recovered well, with revenue nearly doubling year over year in the fiscal fourth quarter. The new "Star Wars" original series releases Dec. 29 on Disney+. We value Disney stock at about $190 per share, which is roughly 70% ahead of the current market price. After gaining during the same quarter in the market with Smart portfolio analytical tools powered by TipRanks have a impact! Results, Wall Street Analysts have very different views on varying parts of the pandemic when the symbol you to! Theater industry has n't met an untimely demise, as it may waste will disney stock go up in 2022 's and! 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