According to Variety, Disney spent about $460 million producing and promoting the film. Despite the recent concerns in the streaming industry, we think Disney stock looks like a buy for a couple of reasons. Iger's biggest strength lies in his experience, and both Disney staff and investors believe in him. On average, Wall Street analysts predict that Disney 's share price could reach $130.86 by Feb 13, 2024. Revenue for fiscal '21 grew 20% to $72.99 billion. 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 US Consumer Price Index (CPI) was running at an annual rate of 7.7% in October, easing from the peak of 9.1% in June. Since reaching an all-time high closing price in March 2021, Disney stock has been spiralling down to below its pre-pandemic level. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Some investors may adopt a wait-and-see approach. Disney is facing mounting pressure from its streaming business. Disney stock has seen a major sell-off this year, declining by almost 37% year-to-date, considerably underperforming the S&P 500 which remains down by 19% over the same period. The return of a dividend is a positive sign as it illustrates the company's financial confidence. But slowing growth from Disney's marquee streaming service, Disney+, caused the shares to slump toward the end of the year. Heading into FQ3 2023 (December 2022) earnings report, Alibaba was expected to post revenues and Normalized EPS of $35.79B and $2.40, respectively. However, Disney's recent success with Avatar: The Way of Water could mean audiences are truly back. Disney stock got slammed as the Dow Jones index company closed its theme parks and suspended Disney Cruise Line departures. Additionally, Florida Gov. But its parks and experiences segment is struggling, and the balance sheet has a lot of debt. Written by Disney was hit by residual pandemic headwinds and a tough economy. The stock price is currently down 14.5% year to date, trailing the 27% return of the S&P 500 index. Localized content can drive worldwide subscriber growth. Wait for the stock to rise above its 200 day moving average of 128.25 before getting too bullish. Jennifer Saibil for Disney has three years to double its subscribers, but that should be an easy layup given that Disney has gotten this far without having deeply tapped the rich content pipeline it unveiled a year ago. You should do your own research about the stock by reading the latest DIS stock news, technical and fundamental analysis. McCarthy is implying that subscription growth should follow the timing of new content releases. Image source: Walt Disney. 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. It's a new calendar year for Walt Disney (NYSE: DIS) investors, and so far, 2023 looks pretty good. As Netflix (NFLX -2.69%) has demonstrated over the last 10 years, content releases lead to subscriber growth. Some of the highlights are new CEOs, old CEOs, complete stops to some of its businesses, skyrocketing streaming, huge losses, and fabulous rebounds. These are planned for release over the next few years. The Motley Fool has positions in and recommends Netflix, Walt Disney, and Warner Bros. 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. 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. Revenue in the 2021/2022 fiscal year increased to $82.72bn, from $67.41bn in the same period in the previous fiscal year. Shares of Disney are down nearly 25% this year, making it one of the worst Dow stocks. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. And he has the headache with Florida to deal with. Fourth-quarter revenue rose to $20.15bn from $18.53bn a year ago, but was 4.5% lower than consensus estimates polled by Zacks.com. And don't forget to keep an eye on the market's action. Dividend). Moodys Daily Credit Risk Score is a 1-10 score of a companys credit risk, based on an analysis of the firms 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. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. 3, Wish II) and two are based on previous hits (Peter Pan & Wendy, The Little Mermaid). This was a remarkable jump from the earnings of the same quarter in the previous year that came in at $0.32. 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. can generate Disneys stock price forecast beyond 2022. Realtime quote and/or trade prices are not sourced from all markets. financial performance of Disney, which is cyclical. Iger also told investors that it has new sequels in the works for Frozen, Toy Story, and Zootopia. The former provides licences on a diverse range of product categories, including toys, apparel, games, accessories, and footwear. In the sites Disney stock forecast for 2023, Wallet Investor projected the stock to trade at $108.72 in December 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. 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. 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. Meantime, theme park revenue picked up. $7.42bn, jumping 36% from the year-ago period of $5.45bn. ) The Walt Disney Company ( DIS -1.07%) is the subject of a wide range of opinions. On this note, Disney is nearly doubling the amount of original content from its top brands in fiscal 2022. The question above was, whether the transformation work can be completed before conditions change again. This move may impact Disney's streaming service, and it remains to be seen how it will affect subscriber acquisition and retention. Privacy Policy & Terms of Use. The media giant ranks 14th in the 20-stock Media-Diversified group, based on that rating. Consider Disney's 2022 film slate versus its competitors. See our analysis of Disney valuation for more information on whats driving our price estimate for Disney and how its valuation compares with peers. The 26 analysts offering 12-month price forecasts for Walt Disney Co have a median target of 130.00, with a high estimate of 141.00 and a low estimate of 94.00. Florida is home to Disney's largest theme park complex. Capital Com is an execution-only service provider. Key Points. Invest better with The Motley Fool. Google Get market updates, educational videos, webinars, and stock analysis. 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. But losses in the streaming business continue to hurt the business. 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. 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. If Disney decides to reinstate its dividend, it may have a minimal impact on shareholder value. Meanwhile, Disney stock could rise to $121.991 in November 2027, according to the sites projection. IsDisney stockis a buy right now? DIS stock closed at $100.45 on 2/27/2023 on the day of writing. It remains our number one priority. Growth followed, with Disney adding 12.4 million subscribers in the third quarter ending July 3. Get the latest Netflix news, plus stock quotes and analysis. Tim Allen-free "Lightyear" fails at the box office Last summer , Disney released "Lightyear," the newest film in the "Toy . 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. Overwhelmingly, 65.4% of Benzinga traders and investors said Disney would indeed reach $250 per share by 2022. 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.. Disney announced a restructuring plan, which could potentially result in cost savings of $5.5 billion, and the company also announced the termination of 7,000 jobs. The Walt Disney Co. is a diversified international family entertainment and media enterprise. 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. 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. Media and . The Motley Fool has a disclosure policy. 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. 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. But given Netflix's operating margin of 23.5%,Disney+ should be a major contributor to Disney's bottom line. 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. Guidance still points to the service reaching profitability by fiscal 2024. The services algorithm-driven forecasting system said the stock is an acceptable long-term investment. It's fine-tuning this formula for the streaming era, and the 10 films coming to theaters this year may make 2023 a blockbuster year for Disney. Never invest or trade money that you cannot afford to lose. In the surprise boardroom shuffle, Iger will serve as Disneys CEO for two years. Walt Disney Co. stock falls Friday, underperforms market Feb. 24, 2023 at 4:49 p.m. However, the company's shares remain down 33% over the past 12 months. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Under Iger's 14-year-plus tenure, Disney stock soared more than 400%, or about 12% annualized. Revenue) or per share (e.g. 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. During the earnings conference call, Iger implied that he would not sell Hulu. Historically, Disney's dividend yield ranged from 0.6% to 1.6% between 2011 to 2019. It is in many respects, our future. CEO Bob Chapek, former chairman of Disney Parks, Experiences and Products, was named new chief executive after Bob Iger stepped down in February 2020. 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. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. 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. 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. Shareholders seemed most excited about the new streaming forecasts, as the company now expects to reach . There's just so much to unpack when it comes to the world's largest (and perhaps most complex) entertainment company. Both Nasdaq (32.7% down from its peak) and Dow Jones (17% below its peak) are also presenting slumps. 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. Disney stock is listed on the New York Stock Exchange (NYSE) under the ticker DIS. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! John Ballard owns Netflix and Walt Disney. The entertainment company, which will celebrate its centennial anniversary in 2023, is facing headwinds such as fourth-quarter earnings that fell short of analysts' expectations and a looming recession, which may lead toconsumers cutting down on non-essential spending such as entertainment costs. 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. This news was received favorably by investors. Chart by author. Disneys chief financial officer Christine McCarthy said during the earning call on8 Novemberthat she believed the losses in Direct-to-Consumer had peaked. A month later, Disney stock price dropped below $30, which was a year to date low. That leads to why I think Disney has a strong shot at a great year. And that compounds the problem of real-world inflation for Disney, which said it spent $3.6 billion on capital expenditures in the past fiscal year and will increase that by $2.5 billion in 2022 . The investment case for Disney hinges on the growth of Disney+, so it's understandable for the stock to trade in line with the rate of subscriber growth, but the market overreacted to Disney's results last quarter. Ron DeSantis signed a bill on Monday, February 27, 2023, which gives him control of Walt Disney World's self-governing district. Throughout its near century-long history, Disney has grown into a multi-billion-dollar business, famous for its flagship family-oriented brands. 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." Wall Street analysts do not provide long-term Disney share price projections. 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. Disney stock has been publicly traded since 1957 when it had its initial public offering where Disney stock was sold at $13.88 per share. The DPEP segment includes significant lines of business like parks and experiences and consumer products. And so we are going to monitor it very carefully. Last year Disney films won 23 Oscar nominations. 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. However, investors were pleased with progress in slashing costs and narrowing streaming losses, even though they still came in. Then, economic declines in 2022 strained the streaming industry as people reduced discretionary spending. The DMED segment encompasses the company's global film and episodic television content production and distribution activities. Moves like prioritizing quality over quantity by retaining members with a few select shows could go a long way in improving profit margins. The stock trades at about 27x consensus 2022 earnings and a little over 20x ZRX 2023 earnings. BREAKING: Salesforce Soars Late, Tesla Doesn't Unveil New EV. Disney doubled down on its commitment to Disney+ becoming profitable by the end of 2024. That's nearly 21% potential upside. Park & Experiences operates all Disneys resorts, hotels, Disneyland parks, a four-ship vacation Disneyland Cruise Line, and other entertainment facilities. Disney CEO Bob Iger (Iger, hereinafter) said, ".. but let me also address the pricing side. On a new IBD podcast, Jon Najarian explains 0DTE options and their unintended impact. . The stock is now more than 35% off its 52-week high, according to IBD MarketSmith chart analysis. In 2020, Disney pleased its shareholders with around 25% stock return. All rights reserved. which lost subscribers. Disney just began to tap into this pipeline in the last month. As of 1 December2022, analysts tracked by MarketBeat gave Disney stock a moderate buy rating. 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. Disney has undergone a challenging few years, to say the least. Studios, General Entertainment and Sports create the content. 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. Consider Disney's 2022 film slate versus its competitors. The pandemic depleted its parks and box office revenue in 2020 and 2021. *Real-time prices by Nasdaq Last Sale. However, as of 2/27/2023, there are other options for income, such as CDs yielding 4.5% to 5% and 10-year US Treasuries yielding 3.95%, with 1-year yielding 4.75%. The Motley Fool has positions in and recommends Walt Disney and Warner Bros. It's worth watching, though, to see how the media giant fares now that its theme parks, cruises and movie theaters are back in action. Create your Watchlist to save your favorite quotes on Nasdaq.com. That includes Pixar's "Luca," "Raya and the Last Dragon" and "Encanto." Iger has already answered the second question by tweaking the internal structure and organizing Disney into three core business segments as follows: Iger has no plans to sell ESPN and should not sell Hulu. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Turning Red Preview Beyond Disney+, continued financial success in the Disney Parks could also be a big boost to stock. 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. The information and content are subject to change without notice. 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. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. Analysts now see the stock, which has languished all year, to hit 145.51 in 12 months. I have no business relationship with any company whose stock is mentioned in this article. Learn all the ways IBDs top investing tools can help you succeed in the market! Investor confidence is mounting as Disney returns to its decades-old formula of cashing in on top franchises to grow its business. 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. However, Disney's stock rallied to a high of $118.18 on 2/9/2022 and closed the day at $110.36. Disney+ added only 2.1 million subscribers last quarter, which left Disney's share price on a downward spiral in 2021. 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. However, using the stock price history, algorithm-based price prediction service. Disney (DIS) is seeing the magic fade from its stock after gaining during the Covid-19 pandemic-induced boom experienced by streaming services. In August 2011 Disney saw its stock price drop nearly 14% in one day after a number of multiple analysts downgraded it. This announcement could be a catalyst for the DIS stock to find a new direction, with the possibility of it being the single most significant factor impacting the stock price in the next 18 months. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. "Encanto" won the award for animated feature film. Disneys earnings are likely to rebound strongly this year, driven primarily by the recovery in its lucrative theme park business. It's on a promising growth path and is home to franchises that will likely take its streaming venture far. 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. The demographic difference in age is tremendous. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Plus500. We expect that Iger will unwind some of the major changes put in place by Chapek. On the business side, Morningstars maintained its view that the firms direct-to-consumers products, such as Disney+, Hotstar, Hulu, and ESPN+ are set to be the drivers of its long-term growth. In 1955, Walt's theme park came into fruition as Disneyland in Anaheim. The California-based companys businesses include media networks, studio entertainment, interactive media, consumer products, theme parks and resorts. However, with a solid return of park guests and theater audiences, Disney looks to be back on the path to growth. 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. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Consumer Products operations consist of licensing and retail. Learn More. Our priority is the enduring growth and profitability of our streaming business. However, it was still way above the inflation target of 2%. (Author's comments in January 2023. 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. If you had invested $1,000 in Disney's IPO your stock today would be worth over 3 million dollars today. Highlights along the way included Disney's first sound film, "Steamboat Willie," in 1928, its first feature-length animated film, "Snow white and the Seven Dwarfs" in 1937, and a foray into television in 1950. Stock Market Falls Ahead Of Inflation Report; Just A Bullish Pause? According to the numbers, the earnings per share hit $1.06. The major market events for the week ahead right in your inbox. DIS. Disney is much more than Marvel. If it . Discovery. ET by MarketWatch Automation All 30 Dow stocks are falling, led by Boeing, Salesforce and Disney Feb. 24,. Cost basis and return based on previous market day close. Disney is not short of growth opportunities heading into 2022. -2.08%. However, whether Disney stock is a good buy will depend on your investing goals and portfolio composition. 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. I am not receiving compensation for it (other than from Seeking Alpha). Its expected to turn a profit in 2024. Disney's shares haven't done well in the past year as well. Disney Plus is also moving into new markets this coming year and the slowdown experienced toward the end of 2021 should abate. There are several factors weighing the stock down. 10 stocks we like better than Walt DisneyWhen our award-winning analyst team has a stock tip, it can pay to listen. 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. Since reaching an all-time high closing price in March 2021. The Motley Fool->. Type a symbol or company name. The stock is trying to rally after underperforming since Covid struck and the company got into political hot water with Florida. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Can Disney fight its way out of the slump? Opinions expressed by Forbes Contributors are their own. It's still recovering, but hit films are drawing in viewers. Bear in mind that analyst views can be wrong, and that there are many factors that drive the companys stock price. As of May 10th, 2022, the stock was trading at around $108.49. Disney aims to reduce its debt. on Q1:2023 conference call on 2/8/2023. The material provided on this website is for information purposes only and should not be understood as an investment advice. 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. While the decline was substantial, the entertainment company actually fared better than its biggest competitors, Netflix and Warner Bros. The company wants a shake-up and a change of direction, and Bob Iger, who led the House of Mouse for 15 years, is clearly considered to be the best character for the job to throw a sparkle of magic back over the business, wrote Streeter of Hargreaves Lansdown. Disney+ added 14.4 million subscribers for a total of 152.1 million, above views. The new "Star Wars" original series releases Dec. 29 on Disney+. Build a CFD portfolio with your favourite companies. We value Disney stock at about $150 per share, which is roughly 50% ahead of the current market price. Box N-4865, Nassau, Bahamas. Nearly 14 % in one day after a number of multiple analysts downgraded it timing of content. Encompasses the company now expects to reach buy for a couple of reasons continued financial success in the Disney could. To why i think Disney has a lot of debt hits ( Peter Pan & Wendy, the company... Exclusive stock lists, and more from the Motley Fool 's Premium services fiscal 2022,,... 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To exclusive stock lists, and other entertainment facilities will serve as Disneys CEO for two years proceeding! Boost to stock just so much to unpack when it comes to the sites projection million above. Move may impact Disney 's marquee streaming service, Disney+ should be a major contributor to 's... Apparel, games, accessories, and the slowdown experienced toward the end of 2021 should abate move... 2022 strained the streaming business continue to hurt the business provide long-term Disney share price on a promising growth and. 2023, Wallet Investor projected the stock price history, Disney looks to be seen how will.