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The Walt Disney Company (NYSE: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.
Image: Photo via Shuttershock
Posted In: DIS
