Twenty-First Century Fox, Inc.
), is set to report its fourth-quarter fiscal 2014 results on Aug
6, 2014. Last quarter, it posted a positive surprise of 34.3%.
Let's see how things are developing for this announcement.
Growth Factors This Quarter
Twenty-First Century Fox's fourth-quarter earnings are likely to be
impacted by the rising programming costs given the higher sports
rights deals (MLB, NASCAR and Cricket World Cup). Moreover,
currency fluctuations will continue to remain a drag.
Our proven model does not conclusively project Twenty-First Century
Fox as likely to beat earnings this quarter. This is because a
stock needs to have both a positive
and Zacks Rank #1 #2 or #3 for this to happen. This is not the case
here as you will see below.
ESP for Twenty-First Century Fox is -2.56%. This is because the
Most Accurate Estimate is pegged at 38 cents and the Zacks
Consensus Estimate stands at 39 cents.
Twenty-First Century Fox Zacks Rank #4 (Sell) when combined with a
negative ESP makes surprise prediction unlikely. We caution against
stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into
an earnings announcement, especially when the company is witnessing
negative estimate revisions.
Other Stocks to Consider
Here are some other companies you may want to consider as our model
shows these to have the right combination of elements to post an
Avis Budget Group, Inc. (
) Earnings ESP stands at +3.18% and it carries a Zacks Rank #1
Archer Daniels Midland Co. (
) with an Earnings ESP of +5.26% holds a Zacks Rank #2 (Buy).
Huntington Ingalls Industries, Inc. (
) has an Earnings ESP of +2.20% and a Zacks Rank #2.
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