It’s been a busy summer for Bob Iger. The Walt Disney CEO extended his contract, welcomed back two former executives as advisors, and briefly became the villain of the Hollywood strikes. Iger is on a four-year mission to turn Disney around, but early results are a mixed bag. Despite Wall Street’s longtime warmth toward the CEO, Disney’s stock has fallen 11% since he returned to the company in November, while the S&P 500 index has swelled 13%.
The company will report quarterly earnings Wednesday after market close. Better-than-expected results could give Disney a much-needed stock boost after its share price has been tumbling for two years, today worth less than half of its 2021 peak.
