What's Going On With Disney Stock Ahead Of Earnings?
Portfolio Pulse from Erica Kollmann
Walt Disney Company (NYSE:DIS) shares are trading higher ahead of its Q2 earnings report set for Tuesday before market open. Analysts expect earnings of $1.10 per share and revenue of $22.12 billion. The focus will be on Disney+ and Hulu subscription growth. The stock has a Buy consensus rating with a price target of $117.46 and has risen over 25% YTD. Disney's 1-year price target stands at $132.10, indicating a 14.34% expected upside.
May 06, 2024 | 2:59 pm
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POSITIVE IMPACT
Walt Disney Company is anticipated to report strong Q2 earnings with a focus on subscription growth for Disney+ and Hulu. Analysts have a positive outlook with a Buy rating and a price target of $117.46.
The anticipation of strong Q2 earnings and positive analyst ratings, coupled with significant year-to-date stock performance, suggests a positive short-term impact on DIS shares. The focus on subscription numbers for Disney+ and Hulu, key growth drivers, further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100