The other two are Pixar's Elemental and Walt Disney Studios' Haunted Mansion. This move could attract yield investors whose mandate is not to buy stocks with no yield to initiate positions. 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 However, if you are not currently a holder of Disney shares, it may not be the best time to buy. 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. 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. CEO Bob Chapek, former chairman of Disney Parks, Experiences and Products, was named new chief executive after Bob Iger stepped down in February 2020. Disney is much more than Marvel. The 90s brought two more stock splits, one 4 for 1 in 1992 and then a 3 for 1 stock split in the summer of 1998. The fourth quarter was quiet for new releases, and as a result, subscriber growth slowed to 2.1 million subscriber additions. The stock price is currently down 14.5% year to date, trailing the 27% return of the S&P 500 index. The California-based companys businesses include media networks, studio entertainment, interactive media, consumer products, theme parks and resorts. Invest better with The Motley Fool. 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. 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. Last year Disney films won 23 Oscar nominations. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21. Get market updates, educational videos, webinars, and stock analysis. The relative strength line, which compares a stock's performance to the S&P 500, keeps heading sharply lower and hasn't found a solid bottom. 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. Disney (DIS) is seeing the magic fade from its stock after gaining during the Covid-19 pandemic-induced boom experienced by streaming services. 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. Disney Parks, Experiences, and Products: theme parks, resort destinations, and cruise line, Disney's consumer products, games, and publishing businesses. The sell-off was prompted by a combination of macroeconomic headwinds and increased competition in streaming that meant succeeding in the industry was costly. Some investors may adopt a wait-and-see approach. Stronger revenue from Disneys Parks & Experiences segment helped to cushion losses from the DTC. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Which outpaced the drop of many other non-tech stocks which fell about half the amount during that time. And so we are going to monitor it very carefully. That makes Disney one of the worst . Wall Street analysts do not provide long-term Disney share price projections. It should be noted that conditions have already begun to change. Iger's biggest strength lies in his experience, and both Disney staff and investors believe in him. Shares of the media giant surged 8% in the first four days of trading in 2023 . *Stock Advisor returns as of February 8, 2023. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount , Universal , and Warner Bros. Meantime, theme park revenue picked up. Discovery, which experienced stock declines of 51% and 62%, respectively, in 2022. 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. And reopening movie theaters are boosting prospects for box-office sales. But the House of Mouse remains on a promising path. 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. The Walt Disney Company (DIS) Stock Historical Prices & Data - Yahoo Finance U.S. Markets closed S&P Futures +2.25(+0.06%) Dow Futures 32,830.00 +4.00(+0.01%) Nasdaq Futures 12,015.75. 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. Stock Market Falls Ahead Of Inflation Report; Just A Bullish Pause? Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. John Ballard owns Netflix and Walt Disney. DIS stock closed at $100.45 on 2/27/2023 on the day of writing. It remains our number one priority. There are several potential catalysts that could lead to higher share prices, including the announcement of a new CEO in the next 18-24 months (If the new CEO has the same credibility Iger has), potential growth in streaming by gaining market share, a rationalized pricing policy, cost cuts, the success of a new blockbuster show due to increased creativity, lower debt levels, keeping ESPN and buying the rest of Hulu, and, most importantly, having activist managers advising and standing behind Iger. In the surprise boardroom shuffle, Iger will serve as Disneys CEO for two years. The day before, on February 8, 2022, he had said: When you think about it, Abbott Elementary airs on ABC, then it goes to Hulu. *Average returns of all recommendations since inception. In the sites Disney stock forecast for 2023, Wallet Investor projected the stock to trade at $108.72 in December 2023. The stock trades at about 27x consensus 2022 earnings and a little over 20x ZRX 2023 earnings. Formerly with Fidelity Investments, Dean Witter Investment Management, Citibank - Amsterdam, Eli Lilly - Brussels, Thomson Financial (aka Thomson Reuters), NYC gov., and Apple, Inc. Graduate of Baruch College CUNY, NYU College of Arts and Sciences, and Erasmus University (Rotterdam School of Management) in that order. In August 2011 Disney saw its stock price drop nearly 14% in one day after a number of multiple analysts downgraded it. Bear in mind that past performance does not guarantee future results, and never invest or trade money that you cannot afford. Iger also told investors that it has new sequels in the works for Frozen, Toy Story, and Zootopia. The earnings number also surpassed the . It is in many respects, our future. Marvel has two more films for theater release in 2023, and another seven slated for release through 2026. 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. 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. Per capita spending in Disneys parks has also soared by 40% in Q2, versus the same period in the pre-pandemic era, indicating that these assets could emerge stronger than pre-pandemic levels, generating sizable cashflows for Disney and potentially masking some of the impacts of rising content investments. Type a symbol or company name. . *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. On the retail operation, the company sells Disney, Marvel, Pixar and Lucasfilm-branded products through retail stores and internet sites globally. Analysts can be wrong and theirDisney share price forecasts shouldnt be used as a substitute for your own research. Much of this content will come later in the year, as McCarthy said, "We expect Disney+ subscriber net adds in the second half of fiscal 2022 will be meaningfully higher than the first half of the year.". The Marvel Cinematic Universe (MCU) has grossed more than twice the amount of the next-highest franchise, Star Wars -- also owned by Disney. NFLX However, Disney's recent success with Avatar: The Way of Water could mean audiences are truly back. 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." Our priority is the enduring growth and profitability of our streaming business. Putting Disneys stock price in the $15 territory, a long way from a previous all time stock price high around $43. IsDisney stockis a buy right now? CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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. Activist investors continue to play a cooperative role. I have no business relationship with any company whose stock is mentioned in this article. The pandemic depleted its parks and box office revenue in 2020 and 2021. Plus500. Disney reported Q3 revenue of $17 billion, up 45% year over year, and earnings per share of $0.80, beating estimates of $0.55. 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. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. What is DIS's Earnings Per Share (EPS) forecast for 2023-2025? 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. ESPN remains the premier domestic sports television network due to its extensive sports programming. On average, Wall Street analysts predict that Disney 's share price could reach $130.86 by Feb 13, 2024. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The sequel to 2009's Avatar became the third highest-grossing movie of all time in February, overtaking 1997's Titanic and earning $2.24 billion globally so far. Stronger revenue from Disneys parks & Experiences segment helped to cushion losses from the Motley 's. Lies in his experience, and educational content discovery, which experienced stock declines of 51 % and 62,... 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