Fox Corporation (FOXA): Q4 Earnings Preview
Fox Corporation (NASDAQ: FOXA) is scheduled to report its Q4 earnings before market open tomorrow.
Analyst Expectations:
* Revenue: $4.83 billion, 14.2% YoY growth
* Adjusted EPS: $0.64
Q3 Performance:
* Revenue: $3.56 billion, 11.1% YoY increase
* Revenue beat analysts' estimates by 5.6%
* Adjusted operating income beat estimates
* EPS beat estimates
Stock Performance:
* FOX has declined 3.9% in the past month
* Average analyst price target: $49.61
Peers' Performance:
* Malibu Boats: Revenue -5.1% YoY, beat estimates by 4.8% (stock price unchanged)
* VF Corp: Revenue +1.9% YoY, beat estimates by 1.2% (stock price +1.4%)
Analyst Commentary:
* Analysts have generally maintained their earnings estimates over the past 30 days.
* FOX has missed revenue estimates twice in the past two years.
Key Risks:
* Slowing advertising revenue
* Competition from streaming services
* Rising production costs