Get ready Disney fans, because The Walt Disney Company (NYSE: DIS) is set to release its quarterly earnings results before the market opens on Wednesday, August 7th. Analysts are forecasting impressive earnings of $1.19 per share for this quarter, offering a promising outlook for one of the world’s favorite entertainment giants. Don’t miss out on the chance to tune into Disney’s earnings conference call using this link!

The previous quarterly earnings, reported on May 7th, shattered expectations with an earnings per share of $1.21, surpassing the consensus estimate of $1.12. Talk about magic! With a stellar year-over-year revenue increase of 1.2%, reaching $22.08 billion, Disney demonstrated its resilience and enduring appeal, even in challenging times.

Currently, Disney’s stock performance continues to enchant. Opening at $93.80 this Wednesday, it holds a strong market cap of $171.00 billion. With a 12-month range from a low of $78.73 to a high of $123.74, and a beta of 1.40, Disney’s stock is as dynamic as its theme parks. The company’s 50-day moving average price sits at $98.98, with a 200-day moving average price at $105.42, showcasing a steady climb.

Financial wizards on Wall Street are weighing in with various outlooks. UBS Group has set a price target of $130.00 with a “buy” rating, while Barclays rates Disney at an “overweight” with a target price of $130.00. Rosenblatt Securities is even more optimistic, listing the target at $137.00. Guggenheim tops the chart with an ambitious $140.00 target price. Notably, out of 26 analysts, 23 have given Disney a “buy” rating, cementing its status as a strong contender in the market.

In insider news, EVP Sonia L. Coleman recently sold 4,400 shares, and Director James P. Gorman acquired 20,000 shares, signaling active confidence and engagement from Disney’s leadership. Such moves are a testament to the ongoing belief in Disney’s strategic direction and potential for growth.

Dive into the magic of Disney earnings and share your thoughts in the comments below! How do you think Disney will fare in the coming quarter? Don’t forget to share this news with fellow Disney enthusiasts!

Source: Defense World