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." Shares of the media giant surged 8% in the first four days of trading in 2023 . Get these newsletters delivered to your inbox & more info about our products & services. Walt Disney's (DIS) theme parks are bustling again following a long slow period during the pandemic. 2000-2023 Investor's Business Daily, LLC. That includes Pixar's "Luca," "Raya and the Last Dragon" and "Encanto." Capital Com is an execution-only service provider. The company forecast YoY revenue growth in the fourth quarter of 2022 to decelerate to 0.9%. It's a bonus that some of these shows, such as La Casa de Papel (aka Money Heist) and Squid Game, have translated to high viewership in the U.S. and Canada too. Iger has the task of finding a new CEO for Disney within the next 12-18 months. 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 just began to tap into this pipeline in the last month. Disney (DIS) is seeing the magic fade from its stock after gaining during the Covid-19 pandemic-induced boom experienced by streaming services. This level of yield is unlikely to attract a significant number of new income investors, and therefore may not increase the shareholder base and value significantly. See our analysis of Disney revenue for a closer look at the companys key revenue streams and how they have been trending. Disney stock rose 13.6% on Dec. 11 following the announcements at the investors conference. Remember that markets are volatile, and that past performance cannot guarantee future results. Disney suspended its dividend at the start of the COVID-19 pandemic, with its last payment date in January 2020. I have always believed by the way, that accessibility is a core value of the Disney brand. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. It booked earnings per share (EPS) of $0.30 in the fourth quarter, down from $0.37 in the prior-year quarter. It actually lost subscribers in the fourth quarter, and losses were still staggering. However, the company's shares remain down 33% over the past 12 months. However, whether Disney stock is a good buy will depend on your investing goals and portfolio composition. Disney's . $7.42bn, jumping 36% from the year-ago period of $5.45bn. ) IsDisney stockis a buy right now? 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. It's a new calendar year for Walt Disney (NYSE: DIS) investors, and so far, 2023 looks pretty good. However, using the stock price history, algorithm-based price prediction service Wallet Investor can generate Disneys stock price forecast beyond 2022. Disney trades at $169.30 as of publishing, off the 52-week low of $79.07. Furthermore, Disney paid $900m for Major League Baseballs remaining 15% stake in the streaming company BAMTech (MLB), according to a SEC filing on 30 November. Read The Big Picture for detailed daily analysis of what's going on in the stock market. 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. Its expected to turn a profit in 2024. 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. DPEPs operations has two main business lines: Parks & Experiences and Consumer Products. 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. Jennifer Saibil for That's in addition to streaming content and other products. That's right -- they think these 10 stocks are even better buys. We were not perceived to be as accessible or as affordable to many segments as we probably should have been." But the big one was released on Dec. 29, a new Star Wars original series called The Book of Boba Fett. All rights reserved. The name was changed to The Walt Disney Studio at Roys suggestion. Another activist investor, Dan Loeb, advised Disney, took a stake in the company, and pushed for change during the second half of 2022. But given Netflix's operating margin of 23.5%,Disney+ should be a major contributor to Disney's bottom line. This transformation is focused on operational efficiency. 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. According to the current price, Walt Disney is 67.20% away from the 52-week high. And don't forget to keep an eye on the market's action. Like clockwork, the stock slid. 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. Consequently, it's best not to invest in Disney solely for the potential of a dividend, as there's no confirmed date of its return, and it will be marginal when it is back. OK, Avatar: The Way of Water was an exceptional film, becoming the third highest-grossing film ever in a matter of weeks. Turning Red Preview Beyond Disney+, continued financial success in the Disney Parks could also be a big boost to stock. GERMANY - 2022/05/30: In this photo illustration, a Disney logo seen displayed on a tablet. He has credibility. Learn More. "Encanto" won the award for animated feature film. 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. Iger also told investors that it has new sequels in the works for Frozen, Toy Story, and Zootopia. Data source: IMDB. The Motley Fool has a disclosure policy. As we've mentioned before, subscriber growth will not be linear each and every quarter, and the trend is driven by several factors, including content releases and promotions, McCarthyadded. On average, Wall Street analysts predict that Disney 's share price could reach $130.86 by Feb 13, 2024. Shares of Disney are down nearly 25% this year, making it one of the worst Dow stocks. Direct-to-Consumers (DTC) operating loss jumped to $1.47bn in the fourth quarter of fiscal2021/2022, from $630m in the previous fiscal year. The recent rally, though, shows promise. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. The company reports fiscal fourth-quarter results in November. Shareholders seemed most excited about the new streaming forecasts, as the company now expects to reach . We. 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. Discovery . For fiscal 2021 Disney earned $3.03 a share, 270% better than fiscal '20. The Walt Disney Company at the 2022 Bank of America Securities Media, Communications & Entertainment Conference August 10, 2022 Disney's Q3 FY22 Earnings Results Webcast May 18, 2022 The Walt Disney Company at the 9th Annual MoffettNathanson Media and Communications Summit View All Investor Relations News February 9, 2023 Disney is currently faced with the question of whether these changes can be made before conditions change again, and how far should the changes go? Disney's dividend yield in 2019 was 1.2%, and CFO Christine McCarty has said the next one "will likely be a small fraction of our pre-COVID dividend with the intention to increase it over time as our earnings power grows." Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016. It's been a roughly ride for Chapek, who is navigating the huge investment needed to keep people subscribing to Disney+, in addition to reopening parks and cruises. its popular franchises like Marvel and Star Wars in the fourth quarter of 2022 on Disney Plus, according . However, the streaming business remains cash-intensive with Disney ramping up content spending by $8 billion this year to support its Direct to consumer offering, while projecting that the business will only be profitable in 2024. Disney+ added 14.4 million subscribers for a total of 152.1 million, above views. 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. Unlike Netflix, which monetizes its content investment solely via monthly subscription fees, Disney has a much larger value chain, given its theatrical business, theme parks, merchandise, and licensing operations. However, with a solid return of park guests and theater audiences, Disney looks to be back on the path to growth. 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. 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. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Some investors may adopt a wait-and-see approach. Invest better with The Motley Fool. The China Trade: Demand Boom or Inflationary Bust? Overwhelmingly, 65.4% of Benzinga traders and investors said Disney would indeed reach $250 per share by 2022. Here's why the stock should bounce back in 2022. However, recent reports state Bob Iger has asked the board to reinstate the dividend by the end of 2023. In addition, rising US inflation started to bite into household spending around the time when streaming services, including Netflix, raised their subscription fees. It earns the largest affiliate fees per subscriber of any cable channel and generates cash from advertisers looking to reach adult males aged 18 to 49, a critical demographic. 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. These numbers point toward Wall Street being in the claws of a . The number includes 12 million Disney+ subscribers and nine million Core Disney+ subscribers. Its "Lightyear" film opened to disappointing results. I wrote this article myself, and it expresses my own opinions. Discovery. Invest better with The Motley Fool. 3, Wish II) and two are based on previous hits (Peter Pan & Wendy, The Little Mermaid). Discovery . Box N-4865, Nassau, Bahamas. Please disable your ad-blocker and refresh. And reopening movie theaters are boosting prospects for box-office sales. Dow Jones Falls; Nextracker IPO Pops 50%; Waitlist For Microsoft's Web Transforming AI Grows As GOOGL Market Cap Crashes $173 Bil, Disney Earnings Top, Disney+ Subscribers Fall; Iger Cuts 7,000 Jobs; Peltz Ends Proxy Battle, Stock Market Hits Brick Wall; DraftKings Makes Leaders List, Dow Jones Rallies 250 Points After Jobless Claims; Disney Surges On Earnings. However, the CEO responsible for Disney's golden years, Bob Iger, is back at the helm and on a mission to make streaming profitable. The company was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA. They just revealed what they believe are the ten best stocks for investors to buy right now and Walt Disney wasn't one of them! The Companys registered office is at Bahamas Financial Centre, 3rd Floor, Shirley and Charlotte Street, P.O. In the fourth quarter of 2022, Parks & Experiences booked revenue of. Written by Key price drivers. 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. Key Points. Walt Disney World opened in 1971, two months before Roy's death. Park & Experiences operates all Disneys resorts, hotels, Disneyland parks, a four-ship vacation Disneyland Cruise Line, and other entertainment facilities. It's one of Pixar's only bombs. 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. But losses in the streaming business continue to hurt the business. The parks segment has recovered well, with revenue nearly doubling year over year in the fiscal fourth quarter. However, it was still way above the inflation target of 2%. DIS . 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. As of 1 December, 22 analysts tracked by Market Beat recommended a moderate buy rating for Disney stock, while 19 recommended a buy and three gavea hold rating. There are several factors weighing the stock down. What is DIS's Earnings Per Share (EPS) forecast for 2023-2025? Our priority is the enduring growth and profitability of our streaming business. ). Shareholder percentage totals can add to more than 100% because some holders are included in the free float. Here are some of the many problems Disney has endured in 2022 and 2023. And so we are going to monitor it very carefully. . Disney CEO Bob Chapek mentioned that the company has over 340 local original titles in various stages of development and production across its direct-to-consumer platforms, which would include Hulu and ESPN+. Disneys content investments are also likely to be much more durable, given its iconic franchises, unlike Netflix which focuses a lot more on one-off shows. |. 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. 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. The fourth quarter was quiet for new releases, and as a result, subscriber growth slowed to 2.1 million subscriber additions. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. If you have an ad-blocker enabled you may be blocked from proceeding. Disney's content wins are slowing down, too. 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. Disney is releasing seven other films outside of the MCU in 2023. The question above was, whether the transformation work can be completed before conditions change again. Disneys stock price dropped nearly 70% of its price value in the near 2 year period between late 2000 and late summer 2002. I am not receiving compensation for it (other than from Seeking Alpha). 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. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. As noted earlier, fiscal '21 EPS rose. The Motley Fool->. DIS closed at $138.72 as of March 28, 2022 is -32% below its all-time peak. The firm expects to see 240M to 260M subs just for Disney Plus by. The CEO said his plan to cut costs by $5.5 billion will allow the company to start with a "modest" dividend and increase it over time. 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. DMED covers global film and episodic television content production and distribution activities. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. BREAKING: Salesforce Soars Late, Tesla Doesn't Unveil New EV. Disney stock is struggling to regain its footing as the economy bounces back from the worst of the pandemic. In addition, Disney announced solid earnings, with an increase in revenue and beating EPS estimates for the fiscal Q1:2023. The Motley Fool has a disclosure policy. Please. Source: FactSet. 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. Disney Parks, Experiences and . Get market updates, educational videos, webinars, and stock analysis. The chart above illustrates how its revenue and operating income remained nearly stagnant for most of 2021, but have shown immense improvement with pandemic reopenings. In the fourth quarter of 2022, Parks & Experiences booked revenue of $7.42bn, jumping 36% from the year-ago period of $5.45bn. Its like 60-years-old or around, estimating on ABC and then the 30s on Hulu. These symbols will be available throughout the site during your session. Disney Entertainment: entertainment media and content businesses globally, including streaming. The creators know audiences love and wait for this content. Management said that range will now be higher, as they ramp up spending on local and regional content. Meantime, theme park revenue picked up. NFLX Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. *Average returns of all recommendations since inception. Walt Disney Co (The) Stock Price Forecast for 2022: November 2022: Open: 110.038: Close: 112.286: 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. Discovery, which experienced stock declines of 51% and 62%, respectively, in 2022. This sets the stage for a long-term vision for the company that focuses on the streaming business, margin improvement, cost reduction, and strategic reorganization. Following Disney (NYSE: DIS) and its escapades over the past few years has been at least as exciting as paying money to see one of its blockbuster films. On the retail operation, the company sells Disney, Marvel, Pixar and Lucasfilm-branded products through retail stores and internet sites globally. If it . 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. 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. According to the numbers, the earnings per share hit $1.06. Disney's previous guidance for spending on content production was between $8 billion to $9 billion by fiscal 2024. The top 2022 film, Avatar: The Way of Water, was released by Disney's 20th Century Studios, which it acquired in 2019, also under Iger's magnificent direction. These are planned for release over the next few years. Some of the highlights are new CEOs, old CEOs, complete stops to some of its businesses, skyrocketing streaming, huge losses, and fabulous rebounds. That's nearly 21% potential upside. We are not in any way stepping away from streaming. 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. Since 2020, the House of Mouse's free cash flow has declined from $2.6 billion to $94 million in 2022. Opinions expressed by Forbes Contributors are their own. Disneys stock price steadily grew during these stock split periods finally going past $25 in 1997, there was slight tumultuous period over the next few years but Disneys stock price was most hit in the early part of the next decade. We take a look at recentnews, the stocks price history and the latest Disney stock forecast. All these stock splits work out as 1 share purchased at IPO being the worth 384 shares today. It's been a wild ride on Wall Street since early 2020, as the stock market fell into a bear amid the coronavirus crash. Disneys valuation multiples are also reasonably compelling. *Average returns of all recommendations since inception. which lost subscribers. (read more). A closer look at its segments reveals that revenue from Disney Media and Entertainment Distribution fell 3% year-over-year (YoY) to $12.72bn in the fourth quarter of2022 owing to widening losses for Direct-to-Consumer (DTC) and Content Sales/Licensing. Revenues from Disneysstreaming services, including Disney+ and Hulu, under Direct-to-Consumer & International, jumped 41% in the fourth quarter of 2020 to $4.9bn and 81% to nearly $17bn for the fiscal year 2020 ending 3 October. IBD Stock Checkup assigns Disney a 52 Composite Rating, which combines key fundamental and technical metrics in a single score. As of May 10th, 2022, the stock was trading at around $108.49. Adding all this up, the Disney+ service is clearly being undervalued by the market right now. Investor confidence is mounting as Disney returns to its decades-old formula of cashing in on top franchises to grow its business. However, if you're looking for a stock to hold for many years, Disney is an excellent option after a sell-off. As a result, Disney has a lot of work ahead to return to its pre-pandemic form. The DPEP segment includes significant lines of business like parks and experiences and consumer products. Google The last time the stock was close to that value was around June of 2020, at which point the stock was trading at $109.10. We expect the unique content on ESPN and Disney Channel will provide the firm with a softer landing than its peers as viewing transfers to an over-the-top world over the next decade, Macker added.. Disneys theme parks and resorts are almost impossible to replicate, especially considering the tie-ins with its franchises and other business lines, he said. 2022, the earnings per share ( EPS ) of $ 0.30 in the Disney brand ramp up on... 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