The Walt Disney Company (DIS) shares are experiencing a surge in trading this Tuesday, amid heightened anticipation for its upcoming quarterly financial earnings report. Expected to be unveiled on Wednesday before the market bell, analysts have forecast an Earnings Per Share (EPS) of $1.20, alongside projected revenue figures amounting to $23.11 billion.
In further exciting news, Disney and Marvel Studios’ latest blockbuster, “Deadpool & Wolverine,” has taken the box office by storm. Garnering an extraordinary $824 million in a mere two weeks since release, it has ascended to the position of the second-highest-grossing film of the year, trailing only behind Pixar’s emotional favorite, “Inside Out 2.”
However, it’s not all smooth sailing for Disney shares. Following a broader market selloff last Friday, Disney’s stock dipped to around $90. Presently, the shares hover below their 50-day moving average of $98.16, trading at approximately $89. This shift places the stock closer to the lower bounds of its 52-week range, which stretches from $78.73 to $123.74.
Adding to the mixed financial sentiment, Morgan Stanley analyst, Benjamin Swinburne, persists with an Overweight rating for Walt Disney. However, he has adjusted the price target downwards from $130 to $110. As it stands, the consensus price target for Disney, as per recent analysis, is $124.26.
Fans and investors alike are on the edge of their seats, waiting to see the financial performance report unfold. The Walt Disney stock currently shows a positive trend, trading 1.82% higher at $89.38.
We would love to hear your thoughts about Disney’s latest financial moves and box office successes! Share your comments and join the conversation below.
Source: Dylan Berman
