NEW YORK (

TheStreet

) --

DreamWorks Animation

TST Recommends

(DWA)

will be looking to international box office results of the fourth and final installment of

Shrek

to drive third-quarter results.

The animation company is scheduled to release its report after the market's close on Tuesday. Analysts expect earnings to come in at 35 cents per share in the third quarter, according to

Briefing.com

.

In the second quarter, the company saw earnings fall to $24 million, or 27 cents per share, from $25.6 million, or 30 cents, a year earlier.

Barton Crockett, an analyst with Lazard Capital, rates DreamWorks a hold and believes EPS will come in well under consensus estimates. In an Oct. 25 research note, Crockett said he sees "squishy DVD trends as a headwind for earnings, investor sentiment and takeover interest," leading him to an EPS estimate for the quarter of 25 cents.

While

Shrek Forever After

, the fourth and final movie of the

Shrek

franchise, debuted in theaters in May, it was released internationally during the third quarter. Crockett also noted that DreamWorks receives a smaller cut of international revenue compared with the domestic market. For the quarter Crockett estimates Dreamworks garnering a 45% share in international markets, compared with a 53% share in its domestic business.

The

How to Train Your Dragon

DVD hit the market about a week ago. Crockett forecasts the company will sell 9.4 million units, grossing $164 million, in the fourth quarter.

The animation company plans to release its third movie,

Megamind

, on Nov. 5.

DreamWorks shares are down more than 17% in the past year and are trading around $33.

-- Written by Theresa McCabe in Boston.

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