What's Going On With Walt Disney Stock Tuesday?
Portfolio Pulse from Dylan Berman
Walt Disney Company (NYSE:DIS) shares are trading higher ahead of its anticipated earnings release on Wednesday. Analysts estimate an EPS of $1.20 and revenue of $23.11 billion. Disney's 'Deadpool & Wolverine' has grossed $824 million, making it the second-highest grossing movie of the year. Despite recent declines, Disney's stock is trading at $89.38, below its 50-day moving average. Morgan Stanley has maintained an Overweight rating but lowered the price target to $110.
August 06, 2024 | 4:04 pm
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Disney shares are trading higher ahead of its earnings report, with analysts expecting an EPS of $1.20 and revenue of $23.11 billion. The success of 'Deadpool & Wolverine' and recent analyst ratings are also influencing the stock.
The anticipation of the earnings report, coupled with the strong performance of 'Deadpool & Wolverine,' is driving the stock higher. The recent analyst rating from Morgan Stanley, despite a lowered price target, also adds to the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100