Disney posted its fiscal first quarter results that beat analysts’ expectations.
The entertainment behemoth’s adjusted earnings for the quarter came in at 32 cents per share, while analysts polled by Factset had expected an adjusted loss of -34 cents per share. The year-ago quarter’s earnings were $1.53 per share.
Revenue of $16.25 billion also topped expectations of $15.90 billion. But the figure is below the year-ago quarter’s $20.86 billion.
The average monthly revenue per paid Disney+ subscriber was $4.03, which is almost -30% lower from the year-ago period. According to the company, the decrease is due to the launch of Disney+ Hotstar, its collaboration with Star India's Hotstar.
The company’s streaming platform Disney+ surpassed 94.9 million subscribers -- exceeding the company’s initial subscriber goal of 60 million to 90 million by 2024 back in November. The company now expects Disney+ will have 230 million to 260 million subscribers by 2024.
Number of paid subscribers of Disney+, ESPN+ and Hulu combined was 146 million.
Total direct-to-consumer revenues for the quarter surged +73% year-over-year to $3.5 billion. The segment’s operating loss was -$466 million, down from from $1.1 billion.
Disney's parks segment experienced a - 53% year-over-year drop in revenue to $3.6 billion, amid the coronavirus pandemic.
THE FOLLOWING PART OF THE ARTICLE IS UPDATED ON FEBRUARY 17, 2021
DIS in upward trend: price rose above 50-day moving average on January 28, 2021
DIS moved above its 50-day Moving Average on January 28, 2021 date and that indicates a change from a downward trend to an upward trend. In 23 of 37 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 62%.
Current price $186.54 is above $172.89 the highest support line found by A.I. Throughout the month of 01/13/21 - 02/16/21, the price experienced a +8% Uptrend, while the week of 02/08/21 - 02/16/21 shows a -0.89% Downtrend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 02, 2021. You may want to consider a long position or call options on DIS as a result. In 57 of 105 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 54%.
The Moving Average Convergence Divergence (MACD) for DIS just turned positive on February 04, 2021. Looking at past instances where DIS's MACD turned positive, the stock continued to rise in 24 of 49 cases over the following month. The odds of a continued upward trend are 49%.
The 10-day Moving Average for DIS crossed bullishly above the 50-day moving average on November 11, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. In 7 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 47%.
The 50-day Moving Average for DIS moved above the 200-day moving average on September 09, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +1.44% 3-day Advance, the price is estimated to grow further. Considering data from situations where DIS advanced for three days, in 156 of 311 cases, the price rose further within the following month. The odds of a continued upward trend are 50%.
Bearish Trend Analysis
The 10-day RSI Indicator for DIS moved out of overbought territory on February 12, 2021. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In 13 of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at 30%.
The Stochastic Indicator may be shifting from an upward trend to a downward trend. In 29 of 67 cases where DIS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 43%.
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 35%.
DIS broke above its upper Bollinger Band on February 08, 2021. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for DIS entered a downward trend on February 05, 2021. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 67%. During the last month, the daily ratio of advancing to declining volumes was 1.05 to 1.
The Tickeron Price Growth Rating for this company is 12 (best 1 - 100 worst), indicating outstanding price growth. DIS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 16 (best 1 - 100 worst), pointing to outstanding 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 Profit vs. Risk Rating rating for this company is 26 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 60, placing this stock better than average.
The Tickeron Valuation Rating of 70 (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 (3.95) is normal, around the industry mean (2.78). P/E Ratio (39.46) is within average values for comparable stocks, (71.01). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (0.44). Dividend Yield (0.72) settles around the average of (0.41) among similar stocks. P/S Ratio (5.47) is also within normal values, averaging (169.28).
The Tickeron SMR rating for this company is 90 (best 1 - 100 worst), indicating weak sales and an unprofitable 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.
Industry description
Companies that operate paid and subscriber-based broadcast facilities for cable and home satellite systems. Comcast Corp, Charter Communications, Inc. and DISH Network Corporation are some of the biggest cable/satellite TV providers. Customers typically pay a regular monthly fee to cable TV operators for unlimited access to a certain package of channels. Since the rising popularity of online streaming services have increased instances of cord-cutting among consumers, several cable operators have also diversified into internet services to milk the burgeoning appetite for internet-based content.
Industry's Market Caps
The average market capitalization across the Cable/Satellite TV Industry is 62.9B. The market cap for tickers in the group ranges from 92.7M to 338.3B. DIS holds the highest valuation in this group at 338.3B. The lowest valued company is WCST at 92.7M.
- 12/12/20 4:08 AM: Walt Disney Co (THE) (DIS, $175.72), market cap jumped by $38.1B
- 11/10/20 4:26 AM: Walt Disney Co (THE) (DIS, $142.59), market cap jumped by $27.3B
Industry's high and low price movers
The average weekly price growth across all stocks in the Cable/Satellite TV Industry was 1.83%. For the same Industry, the average monthly price growth was 8.29%, and the average quarterly price growth was 31.13%. DISCB experienced the highest price growth at 10.96%, while CCZ experienced the biggest fall at -14.41%.
- 1/28/21 2:25 AM: Walt Disney Co (THE) (DIS, $163.03) was a top loser this week, declining -6.11%. Expect a Downtrend reversal
- 11/13/20 2:37 AM: Walt Disney Co (THE) (DIS, $135.52) was a top weekly gainer, with a +6.74% jump. Expect an Uptrend continuation
- 11/5/20 4:33 AM: Walt Disney Co (THE) (DIS, $125.07) was a top weekly gainer, with a +5.57% jump. Expect an Uptrend continuation
Industry's volume movers
The average weekly volume growth across all stocks in the Cable/Satellite TV Industry was -59.92%. For the same stocks of the Industry, the average monthly volume growth was -68.4% and the average quarterly volume growth was -49.63%
Industry's Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 56
P/E Growth Rating: 64
Price Growth Rating: 46
SMR Rating: 59
Profit Risk Rating: 60
Seasonality Score: -21 (-100 ... +100)
Stocks in the group have a Positive Outlook today, backed by the BollingerBands 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 40%. During the last month, the daily ratio of advancing to declining volumes was 1.31 to 1.
10 stocks in the group of tickers exhibit a similar positive trend based on the 15 indicator with an average likelihood of 64%.
Notable companies
The most notable companies in this group are Walt Disney Co (THE) (NYSE:DIS), NetFlix Inc (NASDAQ:NFLX), Comcast Corp (NASDAQ:CMCSA).
Industry description
Companies that operate paid and subscriber-based broadcast facilities for cable and home satellite systems. Comcast Corp, Charter Communications, Inc. and DISH Network Corporation are some of the biggest cable/satellite TV providers. Customers typically pay a regular monthly fee to cable TV operators for unlimited access to a certain package of channels. Since the rising popularity of online streaming services have increased instances of cord-cutting among consumers, several cable operators have also diversified into internet services to milk the burgeoning appetite for internet-based content.
Industry's Market Caps
The average market capitalization across the Cable/Satellite TV Industry is 62.9B. The market cap for tickers in the group ranges from 92.7M to 338.3B. DIS holds the highest valuation in this group at 338.3B. The lowest valued company is WCST at 92.7M.
- 1/21/21 4:51 AM: NetFlix (NFLX, $586.34), market cap jumped by $37.4B
- 12/12/20 4:08 AM: Walt Disney Co (THE) (DIS, $175.72), market cap jumped by $38.1B
- 11/10/20 4:26 AM: Walt Disney Co (THE) (DIS, $142.59), market cap jumped by $27.3B
Industry's high and low price movers
The average weekly price growth across all stocks in the Cable/Satellite TV Industry was 1.83%. For the same Industry, the average monthly price growth was 8.29%, and the average quarterly price growth was 31.13%. DISCB experienced the highest price growth at 10.96%, while CCZ experienced the biggest fall at -14.41%.
- 2/12/21 2:43 AM: Altice USA Inc - Ordinary Shares - (ATUS, $34.65) was a top loser this week, declining -5.87%. Expect a Downtrend reversal
- 2/6/21 2:33 AM: Liberty Latin America Ltd - Ordinary Shares - (LILAK, $10.94) was a top weekly gainer, with a +10.62% jump. Expect an Uptrend reversal
- 2/5/21 3:58 AM: Dish Network Corp - Ordinary Shares - (DISH, $31.5) was a top weekly gainer, with a +5.25% jump. Expect an Uptrend continuation
Industry's volume movers
The average weekly volume growth across all stocks in the Cable/Satellite TV Industry was -59.92%. For the same stocks of the Industry, the average monthly volume growth was -68.4% and the average quarterly volume growth was -49.63%
- 1/30/21 2:24 AM: The volume for Discovery Inc - Ordinary Shares - Series C stock increased for one day, resulting in a record-breaking daily growth of 321% of the 65-Day Volume Moving Average
- 1/29/21 3:16 AM: The volume for Dish Network Corp - Ordinary Shares - stock increased for one day, resulting in a record-breaking daily growth of 240% of the 65-Day Volume Moving Average
- 1/27/21 2:20 AM: The volume for Dish Network Corp - Ordinary Shares - stock increased for one day, resulting in a record-breaking daily growth of 235% of the 65-Day Volume Moving Average
Industry's Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 56
P/E Growth Rating: 64
Price Growth Rating: 46
SMR Rating: 59
Profit Risk Rating: 60
Seasonality Score: -21 (-100 ... +100)
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