Disney reports earnings after the closing bell on Thursday. Tuna Amobi, Media and Entertainment Analyst at CFRA Research, has a buy rating and twelve-month price target of $120 ahead of the report. Amobi says he is bullish because, "Disney has already hit the reset button." While fourth quarter results are expected to be depressed, Amobi expects earnings growth to accelerate in fiscal 2018. Specifically, Amobi sees high anticipation for Disney's direct-to-consumer offering. While subscription models are facing pressure from OTT models, Disney is working to re-position the business, and take advantage of new revenue streams. Amobi expects to see positives in the future to offset these pressures. ESPN lost more than 16 million subscribers over the past 6 years. Amobi says while number is sobering, Disney is now trying to reinvent ESPN, and shift this channel to an online-viewing model. ESPN's future OTT services could provide another springboard to monetize this viewership.