What Wall Street's looking for in Disney earnings

Image Source: Toys R Us

Disney has a reputation for beating expectations—it doesn't issue guidance—and Wall Street is expecting an impressive quarter when earnings are announced after the bell Wednesday.

Deutsche Bank has a "buy" rating on the stock and calls Disney its "top pick in media," projecting 15 percent to 18 percent earnings-per-share growth every year over the next three years. Bank of America Merrill Lynch just upgraded the company to "buy" and added it to the firm's list of "high conviction stock ideas."