When to buy the Disney stock in the stock market
The Disney stock market has reached a point where some investors are considering buying Disney stock before the company’s earnings report.
The stock is currently trading at $84.19 a share, according to FactSet, up 0.5% from its peak of $83.10 a share on Monday.
The company’s stock price has been trending higher since its peak last Thursday.
Disney stock is one of the best performing stocks in the Disney portfolio, according the data compiled by Fox Sports.
The company posted a profit of $1.1 billion in the fourth quarter.
The earnings beat Wall Street expectations by $1 billion, and Disney earned $1 per share, or about $5.8 billion, compared with analysts’ expectations of $5 billion.
The news comes on the heels of the company delivering a record fourth quarter profit of nearly $4 billion.
The stock price could go higher if the company continues to deliver solid earnings and earnings per share growth, according analysts.
The data on earnings is currently only available to those who have been tracking the stock, Fox Sports reports.