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The Zacks Analyst Blog Highlights: Walt Disney, Twenty-First Century Fox, Time Warner and Viacom

BancorpSouth (BXS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

For Immediate Release

Chicago, IL – January 09, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include The Walt Disney Company’s DIS, Twenty-First Century Fox, Inc. FOXA, Time Warner Inc. TWX and Viacom, Inc. VIAB.

Here are highlights from Monday’s Analyst Blog:

Disney’s “The Last Jedi” Off to Disappointing Start in China

The Walt Disney Company’s Star Wars: The Last Jedi, which shattered records at domestic box office had disappointing opening in China. In the opening weekend, the company managed to collect only $28.7 million, which came in below its last two Star Wars movies. Notably, Star Wars: The Force Awakens and Rogue One: A Star Wars Story have recorded $52.3 million and $30 million in ticket sales, respectively, in China in the opening weekend.

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However, the worldwide collection of Star Wars: The Last Jedi has crossed $1 billion mark.  The movie which recorded the second largest opening ever has already become the eighth highest grossing movie domestically.

Per the latest report, the company has not only garnered more than $570 million domestically but has also surpassed the Beauty and the Beast domestic collection of $504 million to become the highest grossing movie of 2017.

During, the opening weekend the movie raked in $450 million globally. This is the second movie under the Lucasfilm’s latest Star Wars trilogy, the first one being Star Wars: The Force Awakens. In fact, this eighth episode of Star Wars has set expectations soaring for the final part of the trilogy — Star Wars: Episode IX — scheduled for release in December 2019.

All’s Well That Ends Well

Disney’s Studio segment, which impressed investors with blockbuster hits in 2016, has somewhat disappointed in 2017 as the year has been dull for the movie industry. However, the company’s latest flick has provided a superb ending to 2017, which is a huge boost as we move into 2018. Moreover, analysts believe that the deal with Rian Johnson, the director of Star Wars: The Last Jedi, to produce a brand new Star Wars trilogy may rekindle investors’ hopes. Further, we believe that the coming two years will be most productive for Disney.

This year, the company is expected to release Black Panther, A Wrinkle in Time, Avengers: Infinity War, The Incredibles 2 and Ant-Man and the Wasp.

In addition, the recent deal between Disney and Twenty-First Century Fox, Inc. is likely to enhance the company’s Studio Entertainment segment and overall performance. Per the deal, Disney will acquire majority of Twenty-First Century’s assets worth $52.4 billion that include its Film and Television studios along with cable and international TV businesses. The total transaction amount is nearly $66.1 billion that comprises $13.7 billion of Twenty-First Century Fox’s net debt.

In the past three months, Disney’s shares have gained 13%, outperforming the industry's growth of 4.3%. This Zacks Rank #3 (Hold) company shares space with Time Warner Inc. and Viacom, Inc. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

Click here to see the 5 stocks >>

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.


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Time Warner Inc. (TWX) : Free Stock Analysis Report
 
Walt Disney Company (The) (DIS) : Free Stock Analysis Report
 
Viacom Inc. (VIAB) : Free Stock Analysis Report
 
Twenty-First Century Fox, Inc. (FOXA) : Free Stock Analysis Report
 
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