Investors with an interest in Broadcast Radio and Television stocks have likely encountered both Fox Corporation (FOX) and Netflix (NFLX). But which of these two stocks is more attractive to value investors?
Disney's 2019 acquisition of most 20th Century Fox assets in a deal worth north of $71 billion enriched the Murdoch family but also swelled Disney's debt and continues to have a mixed response from Wall Street.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Fox Corp FOXA warrants a Buy rating, according to Goldman Sachs analyst Michael Ng.
Fox Corporation (NASDAQ:FOX ) Q1 2025 Earnings Conference Call November 4, 2024 8:00 AM ET Company Participants Gabrielle Brown - EVP & Chief Investor Relations Officer Lachlan Murdoch - Executive Chair & CEO Steve Tomsic - CFO Conference Call Participants Michael Morris - Guggenheim Partners Benjamin Swinburne - Morgan Stanley Robert Fishman - MoffettNathanson John Hodulik - UBS Jessica Reif Ehrlich Cohen - Bank of America Michael Ng - Goldman Sachs Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fox Corporation First Quarter Fiscal Year 2025 Earnings Conference Call.
Total revenue hit $3.56 billion, and Fox COE Lachlan Murdoch pointed to record political advertising across the company and strong growth at its ad-supported streaming platform, Tubi.
FOXA's fiscal Q1 results reflect an increase in Affiliate fees, driven by growth in the Television segment and Cable Network Programming segment.
Fox Corp (NASDAQ:FOXA) turned in better than expected quarterly earnings, thanks to record levels of political advertising ahead of this week's US presidential election. Revenues of $3.56 billion were generated in the three months ended September 30, the group's fiscal first quarter, up 11% on a year earlier as television revenues grew 10% while cable network revenue rose 3%.
Although the revenue and EPS for Fox (FOXA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Fox (FOXA) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.09 per share a year ago.
Fox Corporation (FOX) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.09 per share a year ago.
Fox Corp. beat Wall Street analysts' consensus forecast in its fiscal first quarter of 2025, with a swell of political ad spending along with strength at Fox Sports driving results. Total revenue climbed 11% from the year-earlier period, hitting $3.56 billion, while adjusted net income zoomed to $1.45 per share from $1.