Fox FOXA is set to report first-quarter fiscal 2025 results on Nov. 4.
For the quarter, the Zacks Consensus Estimate for earnings is pegged at $1.12 per share, unchanged in the past 30 days. The figure indicates a 2.75% increase from the year-ago reported figure.
The consensus mark for revenues is pegged at $3.37 billion, implying 5.22% growth from the year-ago quarter’s reported figure.
The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 68.3%.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
Let’s see how things have shaped up for this announcement.
Fox Corporation Price and EPS Surprise
Fox Corporation price-eps-surprise | Fox Corporation Quote
Factors to Consider for FOXA Shares
Fox’s first-quarter fiscal 2025 performance is expected to have been negatively impacted by lower volume of third-party content sales. Other revenues declined 10.6% to $226 million in fourth quarter fiscal 2024 primarily due to a lower volume of third-party content sales and this trend is expected to continue in the -to-be-reported quarter.
Advertisers are facing higher costs amid rising inflation, which has led to cutbacks in spending on advertising. This is expected to have reflected in the company’s ad revenue growth. The complex digital advertising and intense price competition in spite of increased inventory is expected to have negatively impacted the topline.
FOXA’s lower ratings and pricing is expected to have negatively impacted total company advertising revenues in first quarter fiscal 2025.
FOXA’s declining subscriber base is expected to hurt topline in first fiscal 2025 due to lower active user growth.
Shift in viewing pattern of consumers to a subscription based on demand service is expected to have negatively impacted FOXA’s clientele in first quarter fiscal 2025. Adjusted EBITDA of television segment declined 34.8% to $148 million in fourth quarter fiscal 2024 and is expected to have a similar trend in the upcoming results.
FOXA’s Tubi’s performance is expected to have driven topline in first quarter fiscal 2025 by enhancing user rate. Tubi’s viewership metrics and content library is expected to bode well for investors in first quarter fiscal 2025.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
FOXA has an Earnings ESP of +3.85% and carries a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Flutter Entertainment PLC FLUT has an Earnings ESP of +241.18% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
FLUT shares have appreciated 23.6% year to date. Flutter is set to report its third-quarter 2024 results on Nov 12.
Liberty Media Corporation - Liberty Formula One Series C FWONK has an Earnings ESP of +78.85% and a Zacks Rank #3 at present.
FWONK shares have returned 27.3% year to date. FWONK is set to report its third-quarter fiscal 2024 results on Nov. 7.
PARAMOUNT GLBL PARA has an Earnings ESP of +15.38% and has a Zacks Rank #3 at present.
PARA shares have declined 27.9% year to date. PARA is set to report its third-quarter 2024 results on Nov 8.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Fox Corporation (FOXA) : Free Stock Analysis Report
Liberty Media Corporation - Liberty Formula One Series C (FWONK) : Free Stock Analysis Report
Paramount Global (PARA) : Free Stock Analysis Report
Flutter Entertainment PLC (FLUT) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
