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Disney Stock Trends Bullish Ahead Of Q2 Earnings, Analysts See Almost 23% Upside
The Walt Disney Co (NYSE:DIS) will be reporting its second-quarter earnings on Tuesday, May 7. Wall Street expects $1.10 in earnings per share (EPS) and $22.12 billion in revenues as the company reports before market hours.
The stock is up 12.69%% over the past year — more than 25.8% year-to-date.
Let’s look at what the charts indicate for Disney stock, and how the stock currently maps against Wall Street estimates.
Disney Stock In A Bullish Trend Ahead Of Q2 Earnings
Disney stock is currently experiencing a strongly bullish trend.
Chart: Benzinga Pro
Disney’s stock price is at $114.20, while the 8-day simple moving average (SMA) is at $112.46, signaling current bullish sentiments associated with the stock.
However, ...