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