From musicals and body horror to international gems and star-driven documentaries, Tuesday’s Oscar shortlists will reveal who’s acing awards season — and who might be struggling to pass.

The Oscar shortlists in 10 key categories are the awards season equivalent of midterm report cards. For studios and strategists, these announcements offer crucial insight into which contenders resonate with voters and which campaigns might run out of steam. As the industry braces for surprises and snubs, some big players are poised to lead the charge, while others hope for last-minute breakthroughs.

Last year, Greta Gerwig’s “Barbie” dominated the shortlists with five mentions, including sound, original score and three songs. However, its omission from makeup and hairstyling — a category where it seemed like a shoo-in — hinted at possible vulnerabilities. Ultimately, the film landed eight Oscar nominations, winning one for Billie Eilish and Finneas’ poignant original song, “What Was I Made For?...