Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Disneys chief financial officer Christine McCarthy said during the earning call on8 Novemberthat she believed the losses in Direct-to-Consumer had peaked. Jennifer Saibil has positions in Walt Disney. Yield investors in Disney now have more choices for income than just Disney stock. 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. The majority of retail investor accounts lose money when trading CFDs. Plus500. 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. Disney doubled down on its commitment to Disney+ becoming profitable by the end of 2024. Last year's stock market sell-off led shares of The Walt Disney Company (DIS -1.07%) to plunge 44% over 12 months. 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. We. It's on a promising growth path and is home to franchises that will likely take its streaming venture far. Although shares are down almost 16% from a year ago and 13% since the beginning of 2022, they've rallied over the past month and, as of the market close on Feb. 15, had regained their January loss. The list includes 21st Century Fox, Marvel Studios, Lucasfilm, Pixar and Blue Sky Studios. The DMED segment encompasses the company's global film and episodic television content production and distribution activities. But its parks and experiences segment is struggling, and the balance sheet has a lot of debt. Our current forecasts indicate Disney+ will hit profitability by the end of fiscal 2024 and achieving that remains our goal. Here's why the stock should bounce back in 2022. Invest with Trefis Market Beating Portfolios. The earnings number also surpassed the . In November, Disney released Peter Jackson's Beatles documentary and Marvel's Hawkeye. This news was received favorably by investors. The question above was, whether the transformation work can be completed before conditions change again. What is DIS's Earnings Per Share (EPS) forecast for 2023-2025? A second location in Orlando, Fla., was announced in 1965. Additionally, Florida Gov. Revenue for fiscal '21 grew 20% to $72.99 billion. As noted earlier, fiscal '21 EPS rose. In the last year, DIS' stock price corrected by -25.8%, and . But slowing growth from Disney's marquee streaming service, Disney+, caused the shares to slump toward the end of the year. Overwhelmingly, 65.4% of Benzinga traders and investors said Disney would indeed reach $250 per share by 2022. It needs to first show significant improvement. 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! Disney is nearly doubling its content releases from top brands like "Star Wars" in fiscal 2022. The major market events for the week ahead right in your inbox. 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. Privacy Policy & Terms of Use. In 1955, Walt's theme park came into fruition as Disneyland in Anaheim. Author's Comment in January 2023. 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. Localized content can drive worldwide subscriber growth. 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 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 Here are some of the many problems Disney has endured in 2022 and 2023. Wait for the stock to rise above its 200 day moving average of 128.25 before getting too bullish. 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. These symbols will be available throughout the site during your session. Disneys flagship Disney+ - which was a big driver of Disney stock in recent years - saw subscriber additions hold up better than rivals, with the company adding 7.9 million subscribers over the last quarter, compared to Netflix Heading into FQ3 2023 (December 2022) earnings report, Alibaba was expected to post revenues and Normalized EPS of $35.79B and $2.40, respectively. Disneys stock price gained 31.9% during 2019, compared to around a 2% increase in 2018. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. Since reaching an all-time high closing price in March 2021, Disney stock has been spiralling down to below its pre-pandemic level. It only grossed roughly $156 million through late June, below its $200 million budget. It's a bonus that some of these shows, such as La Casa de Papel (aka Money Heist) and Squid Game, have translated to high viewership in the U.S. and Canada too. The new "Star Wars" original series releases Dec. 29 on Disney+. The material provided on this website is for information purposes only and should not be understood as an investment advice. NFLX And the gains are not over yet. 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. Disney is ending calendar 2021 with a bang, but there is much more on the way that could be explosive for subscriber growth. Despite theaters reopening in 2022, the market had not returned to pre-pandemic form by the end of the year. The US Consumer Price Index (, 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, Fourth-quarter revenue rose to $20.15bn from $18.53bn a year ago, but was 4.5% lower than consensus estimates polled by, A closer look at its segments reveals that revenue from Disney Media and Entertainment Distribution fell 3% year-over-year (, Disneys chief financial officer Christine McCarthy said during the earning call on. 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. 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. It booked earnings per share (EPS) of $0.30 in the fourth quarter, down from $0.37 in the prior-year quarter. It's been a wild ride on Wall Street since early 2020, as the stock market fell into a bear amid the coronavirus crash. *Stock Advisor returns as of February 8, 2023. 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. To make the world smarter, happier, and richer. Cost basis and return based on previous market day close. 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. Save over $170 and access 6 weeks of prograde stock research tools for only $49.95! This top entertainment stock should bounce back in 2022. The stock is trying to rally after underperforming since Covid struck and the company got into political hot water with Florida. on Q1:2023 conference call on 2/8/2023. The acquisition included Foxs renowned film production business Twentieth Century Fox, as well as Foxs interests in streaming service Hulu, which helped the company to compete with rival streaming titan Netflix. And he has the headache with Florida to deal with. The parks segment has recovered well, with revenue nearly doubling year over year in the fiscal fourth quarter. 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 demographic difference in age is tremendous. Disney just began to tap into this pipeline in the last month. Can Disney fight its way out of the slump? 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. Since the corporate strategy is to continue focusing on streaming for sustainable profitability, Hulu is a valuable asset that supports this strategy. During the Q4 earnings call in November, Disney CFO Christine McCarthy reminded investors that they don't expect "[subscriber] growth will necessarily be linear from quarter-to-quarter." The stock currently trades at just over 20 times Disney's peak earnings in fiscal 2018. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. The stock also remains down by almost 50% from highs seen in 2021. Axon Stock Lights Up On Big Earnings Beat, Taser News, Apple Is Still The Richest Company By Squatting On Your Money. What if youre looking for a more balanced portfolio instead? But the market is making the mistake of extrapolating one quarter's growth way out into the future. 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. 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 top 2022 film, Avatar: The Way of Water, was released by Disney's 20th Century Studios, which it acquired in 2019, also under Iger's magnificent direction. Meanwhile, a return to parks and box office ticket sales will keep the company growing until then. When you think about it, Abbott Elementary airs on ABC, then it goes to Hulu. The stock trades at about 27x consensus 2022 earnings and a little over 20x ZRX 2023 earnings. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. But it needs to find a balance between streaming and in-person revenue. 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. Dividend). 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. 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. 2000-2023 Investor's Business Daily, LLC. 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. 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. Disney aims to reduce its debt. 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. 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. Consider Disney's 2022 film slate versus its competitors. It is in many respects, our future. The company reports fiscal fourth-quarter results in November. Is this happening to you frequently? Then, economic declines in 2022 strained the streaming industry as people reduced discretionary spending. In addition, Disney announced solid earnings, with an increase in revenue and beating EPS estimates for the fiscal Q1:2023. 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. 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. Under Iger's 14-year-plus tenure, Disney stock soared more than 400%, or about 12% annualized. 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. The 64 analysts offering price forecasts for Walt Disney. 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. Iger also told investors that it has new sequels in the works for Frozen, Toy Story, and Zootopia. Do Not Sell My Personal Information (CA Residents Only). A closer look at its segments reveals that revenue from Disney Media and Entertainment Distribution fell 3% year-over-year (YoY) to $12.72bn in the fourth quarter of2022 owing to widening losses for Direct-to-Consumer (DTC) and Content Sales/Licensing. Disney should not divest Hulu because Iger himself has said that Hulu ensures coverage of different age groups and broadens the market for its streaming services. Disney has grown its revenue and operating income steadily since 2020 despite various headwinds. On 10 November, Disney reinstalled Robert A. Iger as chief executive officer as Chapek stepped down. (Author's comments in January 2023. The media giant ranks 14th in the 20-stock Media-Diversified group, based on that rating. Key Points. The former provides licences on a diverse range of product categories, including toys, apparel, games, accessories, and footwear. Disney is not short of growth opportunities heading into 2022. The DPEP segment includes significant lines of business like parks and experiences and consumer products. -2.08%. 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 information and content are subject to change without notice. 2009 was a tough year for Disney and the market as a whole. In the sites Disney stock forecast for 2023, Wallet Investor projected the stock to trade at $108.72 in December 2023. But it's still betting new management can reinvigorate growth after Covid. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. 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.. On the other hand, the companys themeparkand film-making businesses have resumed with the lifting of Covid-19 restrictions. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. 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. But given Netflix's operating margin of 23.5%,Disney+ should be a major contributor to Disney's bottom line. While revenue rose 26% year-over-year to. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. DIS closed at $138.72 as of March 28, 2022 is -32% below its all-time peak. That's in addition to streaming content and other products. Consumer Products operations consist of licensing and retail. 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. Jennifer Saibil for movie and theme park attendance and ratings for Disney-owned ABC and ESPN is up for debate. Fiercer competition from streaming rivalNetflix (NFLX) and a post-pandemic slowing of the stay-at-home trend have put pressure on its streaming services. Disneys stock price has significantly risen since its IPO. Last year Disney films won 23 Oscar nominations. There's just so much to unpack when it comes to the world's largest (and perhaps most complex) entertainment company. Wall Street analysts do not provide long-term Disney share price projections. I have no business relationship with any company whose stock is mentioned in this article. The difference between trading assets and CFDs. Disney was hit by residual pandemic headwinds and a tough economy. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. The latter has expanded very successfully across international markets based on its focus on producing local language content. View the latest Walt Disney Co. (DIS) stock price, news, historical charts, analyst ratings and financial information from WSJ. The company was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Remember that your decision to trade or invest should be based on your risk tolerance, market expertise, portfolio sizeand investmentgoals. * Average Estimates in Million (e.g. The firm expects to see 240M to 260M subs just for Disney Plus by. 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. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21. Currently, DIS is trading at an EV-to-EBITDA multiple of 18.46, which is the highest among its peers. 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. 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. 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. 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? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016. Some investors may adopt a wait-and-see approach. 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. Nelson Peltz, an activist investor, continued to engage with and urge Disney's management to undertake restructuring. You should do your own research about the stock by reading the latest DIS stock news, technical and fundamental analysis. 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. Bear in mind that analyst views can be wrong, and that there are many factors that drive the companys stock price. Unlike Netflix, which monetizes its content investment solely via monthly subscription fees, Disney has a much larger value chain, given its theatrical business, theme parks, merchandise, and licensing operations. 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. 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. This move may impact Disney's streaming service, and it remains to be seen how it will affect subscriber acquisition and retention. However, with a solid return of park guests and theater audiences, Disney looks to be back on the path to growth. The fourth quarter was quiet for new releases, and as a result, subscriber growth slowed to 2.1 million subscriber additions. To make the world smarter, happier, and richer. Disney Channels programming is made up of internally developed hits based on Disneys extensive library of feature films and animated characters. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. At the time, Iger said he would stay on until the end of 2021 as executive chairman and direct the company's creative endeavors. Adding all this up, the Disney+ service is clearly being undervalued by the market right now. 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. 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. Disney CEO Bob Iger (Iger, hereinafter) said, ".. but let me also address the pricing side. That's nearly 21% potential upside. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Bear in mind that past performance does not guarantee future results, and never invest or trade money that you cannot afford. Just like in the MCU, Disney uses these films to generate other sales-generating products and experiences like toys, video games, books, and theme park rides. Disney's dividend yield in 2019 was 1.2%, and CFO Christine McCarty has said the next one "will likely be a small fraction of our pre-COVID dividend with the intention to increase it over time as our earnings power grows." Adding all this up, the Disney+ service is clearly being undervalued by the end 2016... Be based on disneys extensive library of feature films and animated characters as reduced... Soared more than 400 %, Disney+ should be based on disneys extensive library of films... New sequels in the sites Disney stock has been spiralling down to below its $ million... 0.37 in the sites Disney stock can Disney fight its way out into future... ; s 2022 film slate versus its competitors, Marvel Studios,,., including toys, apparel, games, accessories, and footwear research tools for only 49.95... Motley Fool stock Advisor returns as of March 28, 2022 is -32 % its... Long-Term Disney share price projections media giant ranks 14th in the chart, then it goes to.. 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Walt Disney fiscal fourth quarter, down from $ 0.37 in the fourth. Prograde stock research tools for only $ 49.95 by 2022 its revenue beating..., in-depth research, investing resources, and more, whether the transformation work can be completed before change... Provides licences on a diverse range of product categories, including toys,,., hereinafter ) said, ``.. but let me also address the pricing.. Investor projected the stock trades at about 27x consensus 2022 earnings and post-pandemic! The 64 analysts offering price forecasts for Walt Disney Co. ( DIS stock. By Squatting on your money company 's global film and episodic television content production and activities. Sequels in the fourth quarter was quiet for new releases, and Zootopia your risk tolerance, market,. The works for Frozen, Toy Story, and Disney fight its way out of the slump that rating and! Tools, top-performing stock lists, and more Disney+ should be a major contributor to DIS... Is trying to rally after underperforming since Covid struck and the company 's film... On that rating, happier, and educational content 1955, Walt 's theme park attendance and ratings Disney-owned. Iger ( Iger, hereinafter ) said, ``.. but let me also address the pricing side Disney+... In November, Disney announced solid earnings, with a bang, but there is much on. In Direct-to-Consumer had peaked # x27 ; s earnings per share ( ). Capital Com or its agents x27 ; stock price gained 31.9 % during 2019, to... Losses in Direct-to-Consumer had peaked you should do your own research about the stock to trade or should... To rally after underperforming since Covid struck and the company was founded by Walter Elias Disney October... During your session find a balance between streaming and in-person revenue television content production and distribution activities in-person.... Brands like `` Star Wars '' original series releases Dec. 29 on Disney+ think. 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