Fox Corporation (FOX), with a market cap of $22.9 billion, is a leading New York-based media company known for producing and distributing engaging news, sports, and entertainment content. Its portfolio includes prominent brands such as FOX News, FOX Sports, the FOX Network, and FOX Television Stations. The company is slated to report its fiscal Q4 earnings on Tuesday. Aug. 5.
Ahead of this event, analysts expect this communication services company to report a profit of $1.03 per share, up 14.4% from $0.90 per share in the year-ago quarter. The company has surpassed Wall Street’s earnings estimates in each of the last four quarters.
For fiscal 2025, analysts expect FOX to report a profit of $4.53 per share, up 32.1% from $3.43 in fiscal 2024.
FOX has rallied 49.3% over the past 52 weeks, considerably outpacing both the S&P 500 Index’s ($SPX) 10.5% gain and the Communication Services Select Sector SPDR Fund’s (XLC) 22.4% rise over the same time frame.
FOX shares rose 4.3% following the release of its Q3 earnings on May 12. Total revenue surged 26.8% year-over-year to $4.4 billion, fueled by solid growth across affiliate fees, advertising, and other revenue streams, exceeding Wall Street expectations. Adjusted earnings rose slightly to $1.09, topping consensus estimates by 14.6%. Despite the top-line strength, adjusted EBITDA declined 3.9% to $856 million, as increased expenses, driven by higher sports programming rights amortization, Super Bowl LIX production costs, and elevated digital content and marketing spend, weighed on profitability.
Wall Street analysts are moderately optimistic about FOX’s stock, with a “Moderate Buy” rating overall. Among 13 analysts covering the stock, six recommend “Strong Buy,” and seven indicate “Hold.” The mean price target for FOX is $56.25, indicating a 10.1% potential upside from the current levels.
On the date of publication, Kritika Sarmah 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. This article was originally published on Barchart.com
