Why This 1 Consumer Discretionary Stock Could Be a Great Addition to Your Portfolio
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
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 $91.4 billion in fiscal 2024.
Since being added to the Zacks Focus List on March 23, 2020 at $85.98 per share, shares of DIS have increased 31.37% to $112.95.
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.28 to $5.76. DIS boasts an average earnings surprise of 16.4%.
Additionally, Walt Disney's earnings are expected to grow 15.9% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like DIS, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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The Walt Disney Company (DIS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).