Image source: Disney.
Shares of Walt Disney (NYSE: DIS) are back in favor. The media giant’s stock hit new 52-week highs this week, proving that momentum is in Disney’s corner as we head into its fiscal first-quarter report on Tuesday.
Disney stock has soared 16% since its previous quarterly report, suggesting that expectations are high this time around. Well, that could be a problem. Analysts aren’t holding out for a spectacular showing on either end of the income statement.