Walt Disney Co. (DIS) is approaching a critical milestone, with shares nearing $100 as it prepares to announce its fiscal fourth-quarter earnings this week. After months of recovery, Disney stock has gained momentum, rising for three consecutive months and reaching highs just below $100.
Analysts expect Disney to report modest revenue growth, driven by its profitable streaming services like Disney+ and Hulu. While theme park performance remains subdued, Disney’s film releases, such as Inside Out 2 and Deadpool & Wolverine, are expected to boost the bottom line. Earnings per share are forecast to climb by 34%, to $1.10.
With CEO Bob Iger’s leadership and a strong earnings report, Disney stock could surpass the $100 mark once again, making it a key stock to watch this week.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult a qualified financial advisor or conduct your own research before making investment decisions.
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