Kudos to Walt Disney (NYSE: DIS). The company topped last quarter's earnings estimates, and then told investors everything they wanted to hear during last Wednesday evening's earnings call. Shares soared to the tune of 11% the next day. The market is cheering what could be considered the beginning of a much-needed turnaround.

Just don't be too quick to jump on the bullish bandwagon. Disney CEO Bob Iger seems to know what's wrong, but fixing these problems is easier said than done. He doesn't have a whole lot of time to fix these issues either. Activist investor Nelson Peltz is still putting pressure on Iger, and if the market doesn't see results soon enough, shareholders may renew their revolt.

To this end, here are the top three things Walt Disney needs to fix -- and fast.

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Source Fool.com