Analysts are eyeing updates on Disney’s direct-to-consumer business and ESPN ahead of fiscal fourth-quarter results Wednesday, as the company pivots further into streaming. Wall Street is focusing on revenue growth in the company’s direct-to-consumer segment driven by Disney+, while also eyeing how the entertainment giant will advance ESPN’s assimilation into a full-fledged streaming segment. ESPN already has exposure to streaming through ESPN+, but analysts are questioning when and how Disney will fully cut the cable cord for the flagship sports network. Disney shares have slipped nearly 3% in 2023. The company will post results after the closing bell on Wednesday. DIS YTD mountain Disney stock. Meanwhile, Disney last week said it would take full ownership of Hulu, purchasing Comcast ‘s one-third stake in the streaming service. Disney said it expects to pay Comcast’s NBCUniversal $8.61 billion by Dec. 1. Investors are also seeking insight into the health of Disney’s parks segment, which has shown signs of strength in recent months. Disney has made some slight alterations to the way it breaks out financials for its theme park division. Wall Street is also turning its focus toward updates on potential sales of some legacy businesses. “[Disney] is at a point of peak uncertainty heading into its F4Q23 results,” Goldman Sachs analyst Brett Feldman wrote in an Oct. 19 note. The analyst has a buy rating on Disney stock with a $125 per share price target, down from $128. Here’s what other analysts on Wall Street are saying ahead of Disney’s results. Citi – buy rating Citi lowered its price target on Disney to $110 per share from $120 in a Nov. 5 note. The firm kept its buy rating on the stock, however. “Previously, the company has called for Disney+ to hit profitability by the end of FY 2024. We would expect the firm to reiterate this target as well as provide revenue and segment operating income growth guidance,” analyst Jason Bazinet said. “Both Citi and the Street are forecasting mid-single-digit 2024 revenue growth along with 20%+ 2024 segment operating income growth” Morgan Stanley – overweight rating Morgan Stanley has an overweight rating accompanied by a $105 per share price target. Analyst Ben Swinburne anticipates “strong growth ahead” in the experiences and DTC segments. “We update estimates and explore new debates following new segment disclosures. We see strong growth ahead at the Experiences and DTC segments but headwinds at Entertainment linear networks. New disclosure increases focus on ESPN’s prospects and the strategic options for its global linear assets.” MoffettNathanson – buy rating MoffettNathanson has a buy rating on Disney stock and a $115 per share price target. Analyst Michael Nathanson is hopeful these quarterly results will bring more detail regarding company financials after Disney’s changes to how the company reports. “We await even more details about the new segments during F4Q 2023 earnings as well as the 10-K filing in a couple of weeks,” Nathanson said. “As a placeholder, we modestly lower our FY 2024 EBIT growth to +19% (vs. +21% prev.) after building out quarters for the new segments. This decreases our FY 2024 EPS (ex-PPA) by -$0.15 to $4.50. We maintain our FY 2024 FCF per share estimate of $3.00.” Wells Fargo – overweight rating Wells Fargo analyst Steven Cahall rates the stock overweight with a $110 per share price target. In a Monday note, he said he thinks quarterly results will bring “an action-packed print.” “This is arguably a more catalyst-rich Q for DIS. Press reports suggest Trian could be setting up for another activist fight, which could foment stronger mgmt actions,” Cahall said. “Segment comparability of results will be hampered by the Sports recast (our new rebuilt model est. below). We also think there’s a building Media narrative around improving DTC bottom lines. We don’t expect new FY24E segment profit OI growth guidance since DIS just announced their new CFO.” — CNBC’s Michael Bloom contributed to this report. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.