The Walt Disney Co (NYSE:DIS) will be reporting its fourth-quarter earnings on Thursday. Wall Street expects $1.10 in EPS and $22.35 billion in revenues as the company reports before market hours.

The stock is up 12.91% over the past year, 11.33% YTD. Despite outperforming rivals Warner Bros Discovery Inc (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA), Disney still trails behind Netflix Inc‘s (NASDAQ:NFLX) impressive 65% year-to-date gain.

This earnings report is critical as analysts closely watch Disney’s progress in streaming—a division that turned profitable last quarter. Key areas of focus include Disney+ growth, updates on its legacy TV and theme park segments, and potential news on the search for CEO Bob Iger's successor.

Investors are particularly keen to see if Disney+ can maintain its newfound profitability.

Let’s examine the charts for Disney stock and how it currently compares to Wall Street estimates.

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Disney Stock In Upward Trend Ahead Of Q4 Earnings

Disney stock is riding a strong upward trend, with its share price of $100.99 above the five, 20 and 50-day exponential moving averages, signaling solid buying interest.

Chart created using Benzinga Pro

The stock's recent climb has put it well above its eight-day simple moving average (SMA) of $98.37 and 20-day SMA of $97.06, indicating positive momentum in the short term, while the 50-day SMA at $94.34 points to sustained bullish sentiment.

However, the stock sits just under its 200-day SMA of $101.31, suggesting a potential resistance level on the horizon.

Disney's moving average convergence/divergence (MACD) of 1.52 supports this upward bias, yet with an RSI of 72.07, the stock has entered the overbought territory.

This positioning may draw profit-takers, though the prevailing trend remains bullish.

Disney Analysts See 10% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Disney stock stands at a Buy, with a price target of $117.44. The latest ratings from Evercore ISI Group, Needham and Piper Sandler set an average price target of $111 for Disney stock, suggesting a 9.96% upside.

DIS Price Action: Disney stock closed at $100.99, up 0.13% on Tuesday.

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