Yes, at least to the extent I understand your question.
For example, if you try to connect 2 audio shields to Teensy, the I2S data output and I2S clocks can go to both. So the portion of that connection you asked would be fine.
But there are 2 places where problems would come up with 2 audio shields. The audio shield has an I2S data output which connects to Teensy's I2S input. Connecting the 2 outputs together would cause a conflict. You would need to connect only one of those to Teensy's I2S input.
The other dual audio shields issue isn't with I2S at all, but the I2C port used to control them. Each I2C device needs to have a unique address. The audio shield has pads to cut apart and solder to configure this.
You asked only about the I2S data output and clocks. If you meant Teensy's I2S data output driving the data inputs of 2 DAC chips, then yes, it should work. But your question is so short and lacking any context to understand your needs that I can't even tell if by "I2S data out" you mean the output pin of Teensy, or if you're imagining having multiple I2S chips which transmit data, or maybe even something else. I'm mostly assuming you mean connecting Teensy to transmit data to multiple DAC chips...
So yes, the answer is yes, based on my limited understanding and assumptions about your question.