PREVIEW: Disney seen reporting higher rev, EPS in results Wednesday

Shares of Walt Disney Co DIS.N were up 0.1% on Tues, with the media co seen reporting a rise in quarterly rev and EPS when it releases results before the bell on Wed

Analysts expect Q3 rev of $23.73 bln vs $23.16 bln a yr ago and adj EPS of $1.47 vs $1.39 in the yr-ago period, according to LSEG

Focus will be on the co's performance in its streaming segment

Reuters reported in early June, citing a source familiar with the matter, that Disney was laying off several hundred employees in film, television and corporate finance

Analyst recommendations on DIS include 27 "strong buy" or "buy" ratings, six "hold" ratings and one "sell" rating

The median PT is $135; the stock was last at $119.50

Options activity implies a 6.2% swing in either direction for DIS shares by Fri, compared with an avg post-earnings 1-day move of 7.1% over past eight earnings days, according to Trade Alert

DIS is up about 7% YTD compared with a roughly 4% gain in the Dow Jones industrial average