PREVIEW: Walt Disney shares flat ahead of quarterly results

Shares of Walt Disney Co DIS.N are flat at $92.02 on Tues ahead of the entertainment giant's quarterly earnings report due early on Wed, with investors focused on shrinking TV audiences

Investors will be eyeing how DIS responds to President Donald Trump's announcement of 100% tariffs on all movies produced outside the U.S.

Wall Street analysts expect ~5% growth in rev to $23.1 bln and adj EPS of $1.20, down ~1% from a year ago

DIS is grappling with declining TV audiences, which is prompting the co to restructure its business. It reportedly plans to cut 6% of its workforce across two ABC News Group and Disney Entertainment Networks

DIS' rev had exceeded expectation 4 times over the last 8 quarters, while adj EPS has surpassed estimates 7 times over the same period

Among 32 analysts that cover DIS, avg rating is "BUY" and median PT is $125, per LSEG data

DIS us down ~17% YTD vs ~14% drop in the Dow Jones Industrial Average .DJI