Home > Boards > US Listed > Media - Conglomerates > The Walt Disney Co. (DIS)

Walt Disney Accumulation Drops to 8-Month Low

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
DiscoverGold Member Profile
Member Level 
Followed By 577
Posts 79,967
Boards Moderated 45
Alias Born 03/10/04
160x600 placeholder
Disney’s Own Metaverse is Bound to Succeed TipRanks - 11/28/2021 7:21:21 AM
Streaming war over users comes to Black Friday deals Seeking Alpha - 11/27/2021 6:23:20 PM
Theme Park Stocks Fall Amid Coronavirus Variant Concerns Dow Jones News - 11/26/2021 12:36:00 PM
What Do Disney’s Risk Factors Tell Investors? TipRanks - 11/26/2021 2:55:14 AM
Disney+ Woes Overblown; Shares Oversold TipRanks - 11/25/2021 10:52:15 AM
Disney annual report presages monster content spending for coming year Seeking Alpha - 11/24/2021 6:45:41 PM
Disney's 'Encanto' seeks enchanting debut as Thanksgiving films roll out Seeking Alpha - 11/24/2021 4:03:10 PM
Disney Stock: Will its Tides Turn? TipRanks - 11/24/2021 7:39:11 AM
Disney sees price target cut at Wells Fargo due to Disney+ slowdown but overall bull thesis still locked in Seeking Alpha - 11/22/2021 8:41:58 AM
Disney World pauses vaccine mandate as protests grow over restrictions Seeking Alpha - 11/21/2021 11:35:55 AM
Disney boosting Hulu Live TV price, throwing in Disney+ and ESPN+ Seeking Alpha - 11/19/2021 12:28:51 PM
Disney taps former ABC, Netflix exec to lead TV entertainment Seeking Alpha - 11/17/2021 3:12:14 PM
Marvel's 'Eternals' repeats atop box-office, while 'Venom 2' passes $200 million Seeking Alpha - 11/15/2021 7:21:53 PM
New WallStreetBets data: Mentions of $DIS are surging on WallStreetBets Quiver Quantitative - 11/15/2021 7:00:20 AM
Disney Launches “Mickey and Friends Stay True: Stay-Cation,” Inviting Fans to Spend Quality Time With Their Friends and Family While Exploring Their Local Cities Business Wire - 11/15/2021 6:00:00 AM
Tech Roundup: Disney+ Day leads a week highlighted by streaming TV Seeking Alpha - 11/13/2021 10:00:00 AM
Disney's 'Eternals' likely to hold off 'Big Red Dog' in movie weekend Seeking Alpha - 11/12/2021 5:54:32 PM
Disney+ Day launches with 'Shang-Chi' release, flood of content and promotions Seeking Alpha - 11/12/2021 10:29:11 AM
Disney: Brushing aside Near-Term Pain TipRanks - 11/12/2021 9:36:04 AM
Why did Disney stock slide today? Silver lining delayed to later in 2022 Seeking Alpha - 11/11/2021 3:35:01 PM
Disney's Stock Falls on Streaming Growth Slowdown Dow Jones News - 11/11/2021 1:37:00 PM
DiscoverGold Member Level  Tuesday, 08/10/21 10:09:29 AM
Re: None
Post # of 4441 
Walt Disney Accumulation Drops to 8-Month Low
By: Alan Farley | August 10, 2021

• The Delta variant is likely to impact revenue, with nervous folks pulling back from movie attendance and reconsidering trips to theme parks.

Dow component Walt Disney Co. (DIS) reports Q3 2021 earnings after Thursday’s closing bell, with analysts looking for a profit of $0.55 per-share on $16.76 billion in revenue. If met, earnings-per-share (EPS) will mark a 687% profit increase compared to the same quarter in 2020 when movie production, theme parks, and cruise ships were shut down. The stock fell 2.6% in May after missing Q2 revenue estimates and has failed to recoup those losses in the last quarter.

Over-Optimism and Renewed Headwinds

Shareholders are growing nervous with the stock’s lackluster performance, dropping accumulation readings to 8-month lows. Disney is down 3% so far in 2021, highlighting overly-optimistic post-COVID expectations. The Delta variant isn’t helping matters, with nervous folks pulling back from movie attendance and reconsidering trips to theme parks. Weaker-than-expected The Suicide Squad box office last weekend may reflect this growing caution.

Similarly, MKM Partners analyst Eric Handler noted the initially strong box office for Black Widow in July but admitted that “we are also a bit disappointed with how box office expectations for Black Widow seemed to taper off a bit as the weekend progressed, much of which we would attribute to cannibalization from Disney+ Premier Access also showing the film and taking in a solid $60mn (a global number but one which heavily skewed towards North America)”.

Wall Street and Technical Outlook

Wall Street consensus stands at an ‘Overweight’ rating, based upon 21 ‘Buy’, 2 ‘Overweight’, 5 ‘Hold’, and 1 ‘Underweight’ recommendation. Price targets currently range from a low of $147 to a Street-high $230 while the stock is set to open Tuesday’s session more than $50 below the median $212 target. This disconnect with Main Street investors highlights the growing impact of the Delta variant and deceleration of Disney+ subscription growth noted in the Q2 report.

Disney topped out at 153.41 after the launch of Disney+ in November 2019 and fell to a 6-year low in March 2020. The subsequent recovery wave mounted the 2019 peak in December, setting off a strong uptrend that posted an all-time high at 203.02 in March. A selloff into May found support in the 160s but the stock has failed to capitalize on that bounce, treading water while investors await the impact of renewed headwinds and the latest streaming numbers.

Read Full Story »»»


Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences