By Kimberly Chin

Walt Disney Co. is scheduled to report results for its fiscal third quarter after the market closes Thursday. Here's what you need to know.

EARNINGS FORECAST: Analysts on average expect a profit of 36 cents a share, compared with a loss of $2.61 a share as reported a year ago, per a FactSet poll. On an adjusted basis, analysts targeted profit of 55 cents a share, compared with an adjusted profit of 8 cents a share in the same quarter a year earlier.

REVENUE FORECAST: Analysts expect $16.76 billion, per FactSet, compared with the $11.78 billion the company reported a year earlier.

INVESTOR CALL: Disney will hold the call at 4:30 p.m. ET.

WHAT TO WATCH

PREMIERE ACCESS IMPACT: Disney chose to debut Marvel's "Black Widow" on Disney+ Premier Access and in theaters. Wall Street analysts will be looking at the move's effect on revenue. "DPA certainly cannibalizes box office but with DIS's much higher take rate vs theater splits, its impact on revenue and profits is less clear, especially if it means less marketing spend," Wells Fargo analysts said. With the U.S. and the rest of the world still reopening, Disney+ Premier Access could prove to be a better play for revenue in the new normal, Wells Fargo analysts said.

THEME PARKS: Disney has room to grow in theme parks because attendance levels were likely lower three months ago, when Covid-19 pandemic restrictions started to ease. "We see room for upside based on how management discusses forward bookings, occupied room nights, revPAR and per-cap spend," Wells Fargo analysts said.

USER GROWTH: Disney+ added fewer subscribers than analysts were expecting in the second quarter as economies began reopening and people spent more time away from home. However, it still has a healthy pipeline of content, which should sustain its growth, analysts said. "We expect its original content ramp and material new market launches will reaccelerate growth, and investor expectations are appropriately modest for F3Q net adds," Credit Suisse analysts said. "Still, FY22+ expectations for advertising, theme parks and film might prove low and any clear indicators this quarter could help follow-through," the analysts said.

Write to Kimberly Chin at kimberly.chin@wsj.com