What's Going On With Walt Disney Stock Tuesday?

The Walt Disney Company DIS shares are trading higher on Tuesday. The company is anticipated to release earnings on Wednesday before the market opens.

The Details: The company is set to report its 2024 fiscal year third quarter earnings. Analysts estimate an EPS of $1.20 and revenue of $23.11 billion.

What Else: As of Monday, Disney and Marvel Studios’ “Deadpool & Wolverine” had grossed $824 million dollars. This comes just two weeks after release and makes the movie the second-highest grossing movie of the year behind “Inside Out 2.”

Disney shares declined on Friday as the broader market experienced a selloff, trading at around $90. Currently, the company’s stock is moving below its 50 day moving average of $98.16 at approximately $89. It’s also moving towards the lower end of its 52 week range which is from $78.73 to $123.74.

Analyst Changes: Morgan Stanley analyst Benjamin Swinburne maintained Walt Disney with a Overweight and lowered the price target from $130 to $110.

The consensus price target for the company is $124.26 as of Tuesday morning.

Related Link: What’s Going On With AMC Shares Today?

DIS Price Action: At the time of writing, Disney stock is trading 1.82% higher at $89.38, according to data from Benzinga Pro.

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