Analysts say to trade Disney ahead of its earnings announcement

Wall Street analysts reduced their forecasts for the entertainment company, citing ongoing headwinds. The stock is nearly flat in 2023, according to analysts. The company is expected to report earnings results on Thursday. Disney's stock is almost flat in the year of 2023.

Around 30 S&P 500 stocks are scheduled to post their latest quarterly reports this week. Disney is one of the biggest names in the U.S. to post its latest quarterly results this week, most notably Disney. The company is scheduled to release its quarterly results on Tuesday.

Disney beat Wall Street expectations on Wednesday, lifted by record results at theme parks and cost-cutting efforts. Walt Disney's shares soar in extended trading after beating Wall Street's expectations. Disney also beat analysts' expectations by more than half a billion dollars in the year. The company's stock price has soared in recent months.