3 Key Dates for Disney Investors in August Amid Stock Volatility

Disney shares slid 4% in July after hitting 52-week highs in June, raising questions about a summer rebound. The entertainment giant faces a pivotal month with three critical events that could sway investor sentiment.

August 6 marks Disney's fiscal Q3 earnings release, with analysts projecting modest growth. Revenue is expected to reach $23.76 billion (up 3% YoY) while EPS forecasts stand at $1.45 (4% increase). The streaming business, now profitable for over a year, faces tougher year-over-year comparisons despite a history of earnings surprises.

Disney has consistently outperformed analyst expectations in recent quarters, with EPS surprises ranging from 3% to 23%. This track record offers bulls some comfort as the company navigates transitional challenges in its streaming and theme park divisions.