Walt Disney puts its top-tier media dominance to the test when it reports results before the bell Tuesday. Shares have jumped 28% this year and 4% in May. But it hasn't been an easy road for the entertainment giant as it grappled with activist investor Nelson Peltz and Trian Partners in a heated proxy battle . Analysts polled by LSEG expect the theme park operator to post earnings of $1.10 per share and revenues totaling roughly $22.11 billion for its fiscal second quarter.
"Importantly, we think that the company has regained its stride and the risk of negative earnings revisions for the remainder of the year is relatively low, with positive revisions having a higher probability," wrote Deutsche Bank's Bryan Kraft as he hiked his price target to $130 a share, implying shares could rise another 14%.
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