Fox Corporation Poised for Earnings Release with Steady Growth Ahead
Fox Corporation (FOXA), a major U.S. media company known for its work in news, sports, and entertainment, has a market capitalization of $19.5 billion. The company operates popular platforms such as FOX News, FOX Sports, and the FOX Network, primarily distributing its content through cable, television, and digital media. Investors are eager for its upcoming fiscal Q1 2025 earnings, set to be revealed before the market opens on Monday, Nov. 4.
Forecasts Indicate Modest Earnings Growth
Analysts project that Fox will report earnings of $1.12 per share for this quarter, reflecting a 2.8% increase from $1.09 per share in the same period last year. Over the past four quarters, Fox Corporation has consistently surpassed Wall Street’s profit expectations, exceeding the latest consensus EPS by 8.4%.
Annual Earnings Predictions Show Positive Trend
For the entirety of fiscal 2025, earnings per share are expected to reach $3.69, marking an improvement of 7.6% compared to $3.43 in fiscal 2024.
Strong Performance Outpaces Market Peers
In 2024, Fox Corporation has surged by 40.6%, outperforming the S&P 500 Index, which saw a 21.8% increase, and the Communication Services Select Sector SPDR ETF Fund’s increase of 25% during the same timeframe.
Positive Momentum Following Successful Quarter
On August 6, shares of Fox Corporation climbed 6.7% after the company reported strong Q4 fiscal 2024 results. Adjusted earnings per share reached $0.90, surpassing analysts’ expectations of $0.83. This growth was largely supported by a 9% rise in affiliate fees within the Television segment, compensating for slight revenue declines. Furthermore, investor enthusiasm increased due to the favorable performance of Tubi and anticipated growth in political ad revenue, as spending is expected to surge leading up to the 2024 U.S. presidential election.
Analysts Retain a Cautiously Optimistic Stance
Overall, analysts maintain a “Moderate Buy” rating for Fox Corporation’s stock. Among 22 analysts, nine recommend a “Strong Buy” while 13 suggest a “Hold.” Currently, FOXA trades above the average analyst price target of $40.89.
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On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.
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