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Disney (DIS, $102.20) misses fiscal Q2 earnings expectations
The Walt Disney Company posted second-quarter fiscal 2022 adjusted earnings, which rose +36.7% from the year-ago quarter to $1.08 per share. However, the figure missed the Zacks Consensus Estimate by -10%.
The entertainment giant’s revenues surged + 23% year over year to $19.24 billion but missed the consensus mark by 4.96%.
Revenues from Media and Entertainment Distribution (70.8% of revenues) rose +9.5% year over year to $13.62 billion.
Linear Networks segment registered a 5.5% year over year increase to $7.11 billion. Direct-to-Consumer revenues climbed 22.6% year over year to $4.9 billion. Content Sales/Licensing and Other revenues, however, fell -2.6% year over year to $1.86 billion.
Parks, Experiences and Products revenues (34.6% of revenues) jumped +109.6% year over year to $6.65 billion.
The company’s ESPN+ platform had 22.3 million paid subscribers at the end of the fiscal second quarter compared with 13.8 million at the end of the year-ago quarter.
Disney+ had 137.7 million paid subscribers as of Apr 2, 2022, rising from the year-ago quarter’s 103.6 million. The figure beat the Zacks Consensus Estimate for paid subscribers of 135.2 million.
Looking ahead, , Disney expects continued investments in content for third-quarter fiscal 2022, which push programming and production costs up at Media and Entertainment Distribution.
But Disney also indicated that closures of theme parks in Asia due to COVID-19 could reduce operating income by up to $350 million in the fiscal third quarter.
DIS's Indicator enters downward trend
The Aroon Indicator for DIS entered a downward trend on May 23, 2022. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 159 similar instances where the Aroon Indicator formed such a pattern. In 91 of the 159 cases the stock moved lower. This puts the odds of a downward move at 57%.
Throughout the month of 04/26/22 - 05/26/22, the price experienced a -9% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +2% Uptrend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DIS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 41%.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where DIS's RSI Oscillator exited the oversold zone, 13 of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 52%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 41 of 71 cases where DIS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 58%.
The Momentum Indicator moved above the 0 level on May 26, 2022. You may want to consider a long position or call options on DIS as a result. In 61 of 109 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 56%.
The Moving Average Convergence Divergence (MACD) for DIS just turned positive on May 17, 2022. Looking at past instances where DIS's MACD turned positive, the stock continued to rise in 28 of 49 cases over the following month. The odds of a continued upward trend are 57%.
Following a +3.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where DIS advanced for three days, in 157 of 304 cases, the price rose further within the following month. The odds of a continued upward trend are 52%.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 37%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.37.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DIS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is 95 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 81 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.122) is normal, around the industry mean (4.853). P/E Ratio (71.429) is within average values for comparable stocks, (37.108). Projected Growth (PEG Ratio) (0.860) is also within normal values, averaging (3.786). DIS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (2.521) is also within normal values, averaging (125.328).
The Tickeron Price Growth Rating for this company is 64 (best 1 - 100 worst), indicating fairly steady price growth. DIS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 61 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
The average market capitalization across the Movies/Entertainment Industry is 5.5B. The market cap for tickers in the group ranges from 1.3K to 185B. DIS holds the highest valuation in this group at 185B. The lowest valued company is XFCI at 1.3K.
The average weekly price growth across all stocks in the Movies/Entertainment Industry was -1.31%. For the same Industry, the average monthly price growth was -8.69%, and the average quarterly price growth was -3.91%. UMGP experienced the highest price growth at 31.93%, while XFCI experienced the biggest fall at -98.57%.
- 3/19/22 4:49 AM: Walt Disney Company (The) (DIS, $140.3) was a top weekly gainer, with a +6.49% jump
- 3/5/22 8:15 AM: Walt Disney Company (The) (DIS, $140.72) was a top loser this week, declining -5.89%
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -33.09%. For the same stocks of the Industry, the average monthly volume growth was -6.21% and the average quarterly volume growth was 48.29%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the 15 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 34%. During the last month, the daily ratio of advancing to declining volumes was 1.22 to 1.
32 stocks in the group of tickers exhibit a similar positive trend based on the BollingerBands indicator with an average likelihood of 75%.
The most notable companies in this group are Comcast Corp (NASDAQ:CMCSA), Walt Disney Company (The) (NYSE:DIS), Netflix (NASDAQ:NFLX), Paramount Global (NASDAQ:PARA), Roku (NASDAQ:ROKU), AMC Entertainment Holdings (NYSE:AMC), HUYA (NYSE:HUYA), Eros STX Global Corp (NYSE:ESGC).
The average market capitalization across the group is 9.7B. The market cap for tickers in the group ranges from 0 to 197.7B. CMCSA holds the highest valuation in this group at 197.7B. The lowest valued company is HDUP at 0.
- 4/21/22 5:15 AM: Netflix (NFLX, $226.19) saw a $55.2B market cap decrease this week
The average weekly price growth across all stocks in the group was -0.12%. For the same group, the average monthly price growth was -7.83%, and the average quarterly price growth was -25.32%. HWAL experienced the highest price growth at 28.56%, while XFCI experienced the biggest fall at -98.59%.
- 5/25/22 7:32 AM: Cinemark Holdings (CNK, $15.05) was a top loser this week, declining -7.89%
- 5/25/22 7:32 AM: Technicolor ADS (TCLRY, $0.1) was a top weekly gainer, with a +21.95% jump
- 5/25/22 7:32 AM: Hollywall Entertainment (HWAL, $0.9) was a top weekly gainer, with a +28.56% jump
The average weekly volume growth across all stocks in the group was 204.25%. For the same stocks of the group, the average monthly volume growth was 82.4% and the average quarterly volume growth was 328.36%
- 5/25/22 7:27 AM: The volume for GGTOOR stock increased for three consecutive days, resulting in a record-breaking daily growth of 453% of the 65-Day Volume Moving Average
- 5/24/22 6:55 AM: The volume for GGTOOR stock increased for two consecutive days, resulting in a record-breaking daily growth of 498% of the 65-Day Volume Moving Average
- 5/21/22 6:24 AM: The volume for GGTOOR stock increased for one day, resulting in a record-breaking daily growth of 657% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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