Benchmark Sticks with Buy Rating on Disney Ahead of Earnings Report

Benchmark analysts have reaffirmed their Buy rating on Walt Disney shares ahead of the company's fiscal third-quarter earnings report. The firm predicts revenue of $25.586 billion, slightly above consensus estimates of $25.392 billion.

Disney is scheduled to release its Q3 2026 results on August 5, with Benchmark forecasting adjusted earnings per share of $1.98, a 6.5% increase from consensus expectations of $1.86.

The firm's analysis suggests that Disney is trading at a relatively low price-to-earnings ratio of 15.71 and a price-to-earnings growth (PEG) ratio of 0.54, indicating undervaluation according to InvestingPro Tips.

Despite concerns about domestic park attendance following Comcast's report of weaker Orlando attendance, Benchmark maintains its $115.00 price target for Disney shares, which currently trade at $97.75.