Walt Disney Company ( DIS ) shares are trading higher Monday. The company will report its second-quarter financial results Tuesday before the market open. 

The Details:

Disney ( DIS ) is set to report its second-quarter earnings before the bell on Tuesday and will host a conference call to discuss the results at 8:30 a.m. ET. According to estimates from Benzinga Pro, analysts expect the company to report earnings of $1.10 per share and quarterly revenue of $22.12 billion. 

Investors will be watching Disney+ and Hulu subscription numbers which are expected to grow in the second quarter. 

The analyst consensus rating on Disney ( DIS ) stock stands at a Buy with a price target of $117.46. 

According to data from Benzinga Pro, Disney ( DIS ) shares are up more than 25% year-to-date and are trading above the stock’s 50-day moving average of $114.20. 

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DIS Stock Prediction 2024:

Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.

Shares of Walt Disney ( DIS ) have an average 1-year price target of $132.10, representing an expected upside of 14.34%.

Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Walt Disney ( DIS ), while 18 analysts have bullish ratings. The street high price target from Needham is $145, while the street low from Barclays is $95.

DIS Price Action: According to Benzinga Pro, Disney ( DIS ) shares are up 1.81% at $115.72 at the time of publication Monday.

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