Fox Corporation Set to Report Q3 Earnings Amid Mixed Analyst Ratings

New York-based Fox Corporation (FOXA) is a media company that excels in producing and distributing news, sports, and entertainment content. With a market cap of $22.5 billion, FOXA delivers its programming through prominent brands like FOX News, FOX Sports, the FOX Network, and the FOX Television Stations. The company is expected to announce its fiscal Q3 earnings for 2025 before the market opens on Monday, May 12.

Projected Earnings and Historical Performance

Analysts predict that Fox Corporation will report a profit of $0.90 per share, which represents a 17.4% decrease from $1.09 per share in the same quarter last year. Notably, FOXA has a strong track record of exceeding Wall Street earnings estimates, achieving this milestone in the last four quarters. In Q2, FOXA’s EPS reached $0.96, surpassing the expected figure by 47.7%.

Annual Earnings Expectations

For fiscal 2025, analysts forecast that FOXA will report a profit of $4.42 per share, marking an increase of 28.9% from the $3.43 reported in fiscal 2024. However, projections indicate a potential decline in EPS for fiscal 2026, dropping by 5.9% to $4.16.

Stock Performance and Market Comparison

In terms of stock performance, FOXA has surged 55.8% over the past 52 weeks, significantly outperforming the S&P 500 Index, which has gained 9.4%, and the Communication Services Select Sector SPDR Fund, which has risen 21% during the same period.

Recent Quarterly Highlights

On February 4, shares of FOXA escalated by 5.2% following a strong Q2 earnings release. The company’s revenue climbed 19.9% year-over-year to $5.1 billion, driven by robust performance across all reportable segments. The cable network programming segment led the charge with a 30.6% increase in sales. Additionally, adjusted EBITDA skyrocketed by 123.1% compared to the previous year, reaching $781 million. This improved operational performance resulted in an impressive annual increase of 182.4% in adjusted EPS to $0.96, again exceeding consensus estimates.

Analyst Consensus and Future Outlook

Wall Street analysts express moderate optimism about FOXA’s stock, generally assigning it a “Moderate Buy” rating. Out of 21 analysts covering the stock, eight recommend a “Strong Buy,” one suggests a “Moderate Buy,” 11 indicate “Hold,” and one assigns a “Strong Sell” rating. The average price target for FOXA stands at $53.84, signaling a potential upside of 9.1% from current levels.

On the date of publication, Neharika Jain 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 for informational purposes only. For more information, please view the Barchart Disclosure Policy here.

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