What's Going On With Disney Stock Ahead Of Earnings?

Walt Disney Company DIS shares are trading higher Monday. The company will report its second-quarter financial results Tuesday before the market open. 

The Details:

Disney is set to report its second-quarter earnings before the bell on Tuesday and will host a conference call to discuss the results at 8:30 a.m. ET. According to estimates from Benzinga Pro, analysts expect the company to report earnings of $1.10 per share and quarterly revenue of $22.12 billion. 

Investors will be watching Disney+ and Hulu subscription numbers which are expected to grow in the second quarter. 

The analyst consensus rating on Disney stock stands at a Buy with a price target of $117.46. 

According to data from Benzinga Pro, Disney shares are up more than 25% year-to-date and are trading above the stock’s 50-day moving average of $114.20. 

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DIS Stock Prediction 2024:

Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.

Shares of Walt Disney have an average 1-year price target of $132.10, representing an expected upside of 14.34%.

Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Walt Disney, while 18 analysts have bullish ratings. The street high price target from Needham is $145, while the street low from Barclays is $95.

DIS Price Action: According to Benzinga Pro, Disney shares are up 1.81% at $115.72 at the time of publication Monday.

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