Yahoo Finance Why This 1 Consumer Discretionary Stock Could Be a Great Addition to Your Portfolio
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Walt Disney (DIS)
Burbank, CA-based Walt Disney Company has assets that span movies, television shows and theme parks. Revenues were $88.89 billion in fiscal 2023.
On March 23, 2020, DIS was added to the Zacks Focus List at $85.98 per share. Shares have increased 42.31% to $122.36 since then.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.21 to $4.60. DIS also boasts an average earnings surprise of 14.2%.
Moreover, analysts are expecting Walt Disney's earnings to grow 22.3% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like DIS offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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The Walt Disney Company (DIS) : Free Stock Analysis Report
