Walt Disney (DIS) is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive.
Walt Disney (DIS) is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive.
Disney Shanghai is losing its hype, read at
上海迪士尼的盛况只是昙花一现？
http://finance.sina.com.cn/stock/usstock/c/2016-12-19/us-ifxytqax6612979.shtml
Disney just reported the latest 2016Q3 results.
Earnings per share fell 8% to $1.10, missing views by 6 cents, as revenue slipped 2.7% to $13.14 billion, well short of estimates for $13.52 billion.
Management said on the conference call that Disney will see modest EPS growth in fiscal 2017, calling it an anomaly, but more robust gains in 2018 and beyond. Fiscal 2016 was helped by the success of “Star Wars: The Force Awakens,” which was released in Q1 2016. Wall Street sees EPS growing 5% in 2017, then 11% in 2018 but slowing to 7% after that.
The future of Disney does not look that bright with 5%, 11%, and 7% in the future, this does not justify a PE ratio of ~ 17.
The stock is not good for long-term holding, the share prices shall drop to a PE ratio of about 10-15.
If the FED starts to raise the interest rates, then the share price will have to be lower.
Disney share prices have been drifting lower and lower.
Here is one of the reasons:
http://www.profitconfidential.com/stock/walt-disney-co-why-is-dis-stock-going-down/