The Walt Disney Company (DIS) earnings on May 6, 2026
More The Walt Disney Company earnings
Prior outlook: No statistical edge
Disney's stock price jumped significantly after its earnings report. The shares climbed higher throughout the day, showing a strong positive market response.
DIS price around the earnings
108.06
Change: +7.8%
2026-05-06, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
Analysts see upside, but momentum is weak.
Analysts see strong potential price increases, supported by a perfect history of beating earnings expectations. However, recent performance shows weak momentum and negative news, creating a mixed outlook.
Context analyzed before publication
- Summary
- Strong recent earnings history, strong analyst targets, weak momentum.
- Reasoning
- Disney has a strong recent record of beating earnings expectations, and analysts point to an optimistic scenario for the stock. However, the stock's recent momentum is weak, and some news has been negative.
- Playbook
- The strong earnings history and analyst targets are noted, while the stock's current weak momentum and potential for a 'sell the news' event present a contrasting scenario.
- Trend
- Improved then worsened trajectory, sell-the-news risk.
Analysts
Drivers
-
Analysts
Positive
Most analysts recommend buying, with a price target above the current price.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.55
- Analysts covering the stock
- 29
- Average price target
- 128.25
- Lowest price target
- 77
- Highest price target
- 160
- Upside to price target
- 27.6%
- Quarterly earnings growth
- -6%
- Revenue growth
- 5.2%
- Forward EPS
- 7.33
- Trailing EPS
- 6.79
- Analyst moves in the last 60 days
- 5
- Strong buy: 7
- Buy: 20
- Hold: 3
- Sell: 1
- Strong sell: 0
- Strong buy
- 7
- Buy
- 20
- Hold
- 3
- Sell
- 1
- Strong sell
- 0
- April 8, 2026 · Barclays: Maintains rating (Overweight → Overweight)
- April 1, 2026 · Raymond James: Upgrades rating (Market Perform → Outperform)
- March 31, 2026 · Needham: Reiterates rating (Buy → Buy)
- March 27, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- March 18, 2026 · Guggenheim: Maintains rating (Buy → Buy)
News and sentiment
Drivers
-
News & sentiment
Neutral
While a recent collaboration received some positive attention, overall news impact is limited, with market trends dominating.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (8)
- Walt Disney, AMD And 3 Stocks To Watch Heading Into Wednesday — Benzinga
- Papa Johns Collaborates With Walt Disney, Pixar Over Toy Story 5 — Benzinga
- Star Wars Day (May The 4th) Is Here, But The Real Test For Disney Stock Comes In Three Weeks — Benzinga
- Tickets, Cruises, Movies In One Tap? Walt Disney Explores Super App Future — Benzinga
- 'Disney is cutting stock-based compensation for some tech employees'- Business Insider — Benzinga
- Disney Caught In FCC Firestorm Amid Trump-Kimmel Feud As CEO Josh D'Amaro Reportedly Shelves ESPN Spinoff Plans — Benzinga
- 'Disney is no longer planning to spin off ESPN'- Business Insider — Benzinga
- Disney, On FCC, Announces It Is Confident That Its Record Demonstrates Our Continued Qualifications As Licensees Under The Communications Act And The First Amendment And Are Prepared To Show That Through The Appropriate Legal Channels — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's recent momentum is negative, and its performance relative to the market is weak.
Evidence
- Average true range (ATR)
- 2%
- Distance to 52-week high
- -19.4%
- 14-day change (14d)
- -3.3%
- 30-day change
- +4.2%
- 30-day relative strength
- -6.2%
- Benchmark change
- +10.4%
- Nearest support
- 92.2
- Nearest resistance
- 107.1
- Volume accumulation ratio
- 0.94
Trends
Evidence
- Average earnings surprise
- +10.7%
- February 2, 2026: actual EPS 1.63 vs estimate 1.58 (surprise +3.4%)
- November 13, 2025: actual EPS 1.11 vs estimate 1.02 (surprise +8.4%)
- August 6, 2025: actual EPS 1.61 vs estimate 1.45 (surprise +11.3%)
- May 7, 2025: actual EPS 1.45 vs estimate 1.21 (surprise +19.8%)
Expected move
Drivers
-
Past earnings
Positive
The company has consistently exceeded earnings expectations over the last four quarters.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 6.3%
- 75th percentile move
- 8.3%
- 90th percentile move
- 10.9%
- Up / down moves
- 8 / 11
- Average up move
- +6.1%
- Average down move
- -5.9%
Monitoring and close
What The Walt Disney Company reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Consolidated
- +7.7%
- Max move
- +8.8%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.